Regulate aspect of business to ensure they operate ethically

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Reference no: EM132169740

1. Develop a decision-making process for buying a used car for, say, $7,000. This should include a ranking of the top 5 criteria you would use and evaluate in your selection. Where would you look for the cars? How many cars or models would you examine before you would feel comfortable making your decision? What are the benefits of looking at more cars? What are the disadvantages, if any? Are you able to optimize or satisfice?

2. Some business ethicists argue that "acting" ethical in order to increase profits in the long run is unethical – that businesses should be ethical because they want to contribute to the community. How do you feel about that statement? Do you agree that the government should regulate aspects of a business to ensure they operate ethically? If so, what sorts of things should be regulated?

Reference no: EM132169740

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