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AEREN FOUNDATION’S Maharashtra Govt. Reg. No.: F-11724
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Subject – Business Ethics
NB.1) All questions carry equal marks.
2) All questions are compulsory.
3} read questions carefully.
4} Figures to the right indicate full marks.
Q.1) What is Ethical Analysis and discuss its Application: in Corporate DecisionMaking? (10 Marks)
Answer: A characteristic human behavior is to value other entities, persons, animals, actions, experiences, and even ideas. Through this behavior arise personal values, familial values, cultural values, intellectual values, religious values, aesthetic values, architectural values, gastronomic values-the list is endless. Human existence is value-laden. Ethics studies moral and ethical values. To be more precise, it explores their origins (where do moral values arise), their nature (what is a moral value), their justification (is it possible to determine that some moral values are better or worse than other moral values) and their application (what ought one to do).
What distinguishes ethics and other disciplines, such as religion or the social sciences that might also examine morals or moral codes is that, as a
Q.2) Define Corporate Ethical Leadership and discuss its nature and features? (10 Marks)
Answer: Working with social and emotional intelligence is the hallmark of the ethical leader. This article examines the qualities of such a leader who has the courage to stand up for what is right and knows not only what to do but also what is worth doing. The article also describes how the qualities of ethical leadership can be developed through training, how they can be measured, and how they benefit the individual, the team, the organization, and society as a whole. Finally, we conclude with an assessment of the relevance and importance of these qualities to leadership development practitioners everywhere.
Fostering positive relationships provides benefits at
Q.3) What is Corporate Social Responsibility? Explain its characteristics? (10 Marks)
Answer: Corporate initiative to assess and take responsibility for the company’s effects on the environment and impact on social welfare. The term generally applies to company efforts that go beyond what may be required by regulators or environmental protection groups. Corporate social responsibility may also be referred to as “corporate citizenship” and can involve incurring short-term costs that do not provide an immediate financial benefit to the company, but instead promote positive social and environmental change.
Q.4) Enumerate and explain the Ethical Implications of Technology? (10 Marks)
Answer:Ethics in technology is a sub-field of ethics addressing the ethical questions specific to the Technology Age. Some prominent works of philosopher Hans Jonas are devoted to ethics of technology. It is often held that technology itself is incapable of possessing moral or ethical qualities, since “technology” is merely tool making. But many now believe that each piece of technology is endowed with and radiating ethical commitments all the time,
Q.5) Write short notes (any two) (10 Marks)
- a) Ethical Analysis and its Application in Personal Decision Making.
Answer: Every day people make decisions that may have profound effect on their personal and/or professional lives as well as the lives of others. The decision people make have a foundation on their personal, cultural, and perhaps organizational values. When these values are in disagreement, an ethical dilemma occurs. This article attempts to explain how personal, cultural, and organizational values play significant parts in decision-making. In addition, the
- b) Corporate Culture
Answer: The benefits of a strong corporate culture are both intuitive and supported by social science. Corporate culture is a beliefs and behaviors that determine how a company’s employees and management interact and handle outside business transactions. Often, corporate culture is implied, not expressly defined, and develops organically over time from the cumulative traits of the people the company hires. A company’s culture will be reflected in its dress code, business hours, office setup, employee benefits, turnover, hiring decisions, treatment of clients, client satisfaction and every other aspect of operations. Each culture is unique and myriad factors go into creating one, but I’ve observed at least six common components of great cultures.
- c) Reputation Management.
Answer:
Q.6) Explain the following concept (any two) (10 Marks)
- a) Social Reporting
Answer: Social reporting is aimed at people organising a face-to-face event and who want to use new social media for both capturing moments of the event and for stimulating different types of conversation. Events provide good opportunities for social reporting before, during, and after the day. They push you to think about reaching people “in the room” and those people who could not make it. Equally important as the new ways of publishing is
- b) Ethics in Finance Accountancy.
Answer: The ethics of a business is currently a high profile issue owing to sensational corporate scandals that had taken place in many countries causing extensive damages to the economy and society. These corporate scandals question the morality of businessmen in general and accountants in particular. It is argued that the accountants have been the main contributors to the decline in ethical standards of a business. International Federation of Accountants (IFAC) in its research report titled as ‘Rebuilding public confidence in financial reporting – an
- c) Values in the Employment Relationship.
AN ISO 9001 : 2008 CERTIFIED INTERNATIONAL B-SCHOOL
Answer:
Q.7) Define Ethics. Discuss the relation of Ethics and Human Resources Management? (10 Marks)
Answer: Paying attention to business ethics is an important part of any business owner or manager’s job. The human resources function deals with a variety of ethical challenges; being the department that deals directly with people employed by a company, HR includes numerous ethical pitfalls that can damage a company’s reputation or financial sustainability if not handled properly. Understanding the importance of ethics in human resources is crucial for any business owner, whether in a local startup or a multinational powerhouse.
Breaches of ethics in human resources can lead companies into a world of legal trouble, in both the civil and criminal arenas. Breaches of ethics in the HR
Q.8) What is the role of Ethics in Marketing? (10 Marks) Answer:
Answer:Ideally, the role of ethics in marketing and advertising is to enable the creation of a trusting, mutually-beneficial relationship between a company and its customers – a relationship that ultimately drives a company’s financial success by reciprocally delivering value to customers. However, the question as framed implies that ethics is a separate, detachable component – an optional subset, in essence – of marketing and advertising. This historically persistent distinction has been the underlying factor in the operations of companies who, in an economic utilitarian manner, have evaluated business decisions on the basis of consequences for financial growth (and the accumulation of personal wealth) rather than societal, ecological, and humanitarian
Dear students get fully solved assignments
Send your semester & Specialization name to our mail id :
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or
Call us at : 08263069601
(Prefer mailing. Call in emergency )