Summarize the difference between law and ethics

Assignment Help Business Law and Ethics
Reference no: EM131259851

Business Ethics

Learning Activity #1 (of 2)

Your boss has asked that you give a written presentation detailing the major difference between ethics and the law. He is concerned that, although a certain practice is not illegal, it might be considered unethical by your customers (if they ever found out). At the same time, however, the practice will give your company a significant competitive advantage. There is no requirement that the company divulge the fact that it is engaging in this practice, and there is no reason to believe that anyone outside the company would ever find out. Don't get bogged down in factual questions or issues, but for purposes of this Learning Activity, you may assume that the ethical issue is one of "humane" sourcing of meat for a large restaurant chain.

Your boss wants to understand how law and ethics relate to one another, and how one truly "knows" whether something is unethical. He asks whether corporate compliance with the law is all that is required, or whether individual ethical considerations must also guide corporate action. He directs you to prepare a short memo summarizing the difference between law and ethics, addressing the above concerns and giving him advice as to what course of action the company should pursue in this case, and why. If the law does not require the use of only 'humane' sources of meat (whatever that means), does ethics require more? Why or why not?

The memo should be at least 250 words.

Learning Activity #2 (of 2)

Prior to taking this course, what opinion did you have as to any ethical requirement for corporations to comply with ethical standards over and beyond legal ones? Having read and observed the material provided under this 2nd theme - "Why Study Business Ethics?" - has this changed your mind? You will see that there remains a divergence of opinion. Some believe that business should focus just on making a profit; others are convinced that business must also consider what is the ethically right thing to do, in the pursuit of their business concerns.
Which view do you think is correct? And why? Make sure you discuss the idea of the Corporation as (or as not as) a "moral person." Provide your answer by starting a new thread under the Discussion section for Week 1, theme 2.

Please take a look at the Learning Activities/Discussions Examples in the Student Toolbox under Course Resources, to get an idea of the level of engagement and academic rigor we will be looking for in this course. This is a big part of the course, and is an important part in learning how to engage in ethical reasoning.

I will be looking for you to explain and talk about the ideas contained in the course materials (with in-text citations and a List of References at the end) as support for your own thoughts and conclusions. In other words, your unsupported opinion is what you will start this learning activity with ("Prior to taking this course, what opinion did you have. . . ."), but will not be enough for your conclusion, after having read this week's course materials.

Reference no: EM131259851

Questions Cloud

Committed to make annual sinking fund deposits : HBC Corporation, having recently issued a $20,134,100, 15-year bond issue, is committed to make annual sinking fund deposits of $613,500. The deposits are made on the last day of each year and yield a return of 10%. Will the fund at the end of 15 yea..
Planned and emergent approaches : What are differences between analytical/planned and emergent approaches? To what extent does either (or a mix of these) reflect your practical experience?
Prepare copies of handout to distribute to your classmates : Prepare copies of your handout to distribute to your classmates in class. You will also turn in a copy of your handout, along with a copy of your source(s)/article(s). Make sure you include an appropriate citation that credits the material include..
What amount will the company receive at time lease expires : M Company recently signed a lease for a new office building, for a lease period of 12 years. Under the lease agreement, a security deposit of $14,850 is made, with the deposit to be returned at the expiration of the lease, with interest compounded at..
Summarize the difference between law and ethics : He directs you to prepare a short memo summarizing the difference between law and ethics, addressing the above concerns and giving him advice as to what course of action the company should pursue in this case, and why.
Required initial investment at the beginning of first year : B Corporation wants to withdraw $110,360 (including principal) from an investment fund at the end of each year for 9 years. What should be the required initial investment at the beginning of the first year if the fund earns 11%?
The purchase agreement stipulated : A corporation purchased a special tractor on December 31, 2017. The purchase agreement stipulated that A should pay $18,790 at the time of purchase and $5,200 at the end of each of the next 8 years. The tractor should be recorded on December 31, 2017..
Would be most effective in preventing juvenile delinquency : Based upon the theory or theories (maximum of 2) you have selected, write about the appropriate program(s) that would be most effective in preventing juvenile delinquency. You must name a SPECIFIC program. You cannot just say "effective interventi..
Illustrate the messages view of the audience and stakeholder : Illustrate the message's view of the audience and stakeholders based on the written profile. Give two recommendations that would improve the message, based on audience analysis.

Reviews

Write a Review

Business Law and Ethics Questions & Answers

  Legal environment of business caselet

The assignment in Law deals with the topic "Legal Environment of Business". A case study about Mary, a newly joined employee who is working in the USA and Europe. She faces few issues at her work place in Europe and tries to talk to her manager who s..

  Business ethics & legal issues caselet

This assignment is about the concept of Business Ethics & Legal Issues. The laws relating to these can be found in Antitrust laws. These laws are concerned with those large corporations which have a majority of market share, mergers and acquisitions.

  Questions on business law and ethics

Examples of securities that are exempted from the registration provisions of the 1933 Act and involving misstatement of material facts in a prospectus.

  Discuss the doctrine of ratification of pre-incorporation

With the aid of a decided cases, discuss the doctrine of ratification of pre-incorporation contract.

  Discuss the extent of phoenixing activity

It has been estimated that about 6,000 phoenix companies operate in Australia, costing government and the community hundreds of millions of dollars per year and impacting on individuals.

  Application of law to facts

Company Law, Application of Law to Facts and Conclusion.

  Question on business law and ethics

This assignment related to business law.

  Questions on business law

Answer all the questions under business law.

  Iidentify the issue raised by the facts

Iidentify the issue(s) raised by the facts, identify the relevant legal principles, apply the relevant legal principles to the facts, reach a conclusion.

  Evaluation of software development

Prepare a report and present an evaluation of the subsequent methodologies for software development in terms of cost, resources and time.

  Business value and ethics

Business value and ethics,  Bart agrees to put Sam's Super Bowl champion-ship autographed football in his sports store to sell for $1,500. Sam agrees to pay Bart a 15% commission for selling the ball. If Joe comes in the sports store and offers Bart ..

  Explain what is meant by income by ordinary concepts

Advise what tax consequences arise in respect of the payments.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd