Reference no: EM133294297

1. Explain your understanding of the term Ethics. Do you believe that ethical principles are universal or are they subjective? Please give an example with your explanation.

2. Businesses are expected to conform to a wide range of government and professional regulations. In what situation can something be perfectly legal but unethical? Explain with two examples.

3. Explain five significant ways that students can display ethical conduct as they pursue their college studies.

4. When you are faced with an ethical dilemma, what are five things that guide your choice to be ethical?

5. You are the purchasing officer of your organization. You have a need for a service so you called two consulting companies to obtain a quotation. You requested an invoice from the company which quoted $6,000 ($2,000 cheaper than the competitor). To your surprise, the invoice they submitted was for $10,000. You called back the company, but the officer insisted that the service cannot be done for less and the amount told to you was a mistake. The officer suggested that if you are open minded you should pay the invoice amount of $10,000, then he would transfer $2,000 to your personal account and also keep $2,000 for himself. How do you suggest that this issue be resolved?

6. You have been doing business with a company for two years. The contract is coming up for renewal in six month's time. You sent a card to your usual contact offering complimentary accommodation at your hotel and golf course. What are your thoughts on this offer?