Business, 10.11.2020 01:00 madisonmcelvany2404
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Social Responsibility Ethics and social responsibility have become important business topics as trust in corporations has deteriorated due to scandals. It is important for businesses and their employees to act in an ethical manner in order to regain consumers’ trust. Directions Use the situations described to clarify your views on the social responsibility of businesses. Study each situation and answer the questions that follow.
1)You are employed as a sales associate in a clothing store that has a frequent shopper reward program. For example, for every $100 spent, customers earn 10 points. When they reach 1000 points they earn a $10 reward certificate. A friend who is not registered in the frequent shopper reward program wants you to accept a $25 off certificate as payment for a shirt. The program’s guidelines state that points are not transferable and they can only be used by a member. What will you do?
2)You are a middle-level manager of a large chemical products company. You have just learned that one of your plants is disposing of chemical waste by draining it underground into a nearby river. You are not sure whether top management knows about the situation. The people who live in the community do not. There has been a modest die-off of fish in the river, but no one has made the connection to your company. The local plant manager asks you to keep what you have discovered a secret. What will you do?
3)You are the owner of a music store. You are having trouble competing with the large discount stores that offer CDs at lower prices than the suppliers charge for them. One day someone offers you 1,000 CDs for a fraction of the usual cost. You are tempted to buy them, even though you think they might be stolen. The low price would enable you to make some money and pay the store’s bills. What will you do?
4) You work for a large auto parts chain. The company that owns the chain is about to merge with a larger, more profitable company. If the companies do merge, it would mean that the price of the company’s stock would increase in value. You learn from someone higher up in the company that the merger is definitely going to happen. The person is a close friend, and she asks you to keep the news to yourself. Another close friend later asks you about the merger, wondering if he should purchase some stock, hoping to make some money when the price goes up. What do you tell him?
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Social Responsibility Ethics and social responsibility have become important busines...
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