Business law and ethics Essay Example | Topics and Well Written Essays - 2000 words

Business law and ethics - Essay Example In this regard, this essay is written to evaluate a particular case on business law and ethics, specifically delving into four ethical theories in the process: utilitarianism, the Golden Rule, Kant’s categorical imperative and virtue ethics. The discourse would begin with a summary of the case facts and proceed into a discussion of the ethical issues. The essay would progress into an enumeration of the affected parties before closely evaluating the case facts using the four ethical theories abovementioned. The recommendation would take into consideration relevant ethical contexts and critical thinking and analytical skills applicable in the given scenario and would be presented in the form of consequences and obligations, as required. Case facts reveal that Pat, a plant manager in one of ABC Company’s five plants has been employed with the company for 15 years. She has earned the trust of her boss as manifested by revealing in confidence about the lay-off plans involving 200 workers. In this given situation, an old friend of Pat tried to confirm the veracity of the rumor circulating in the plant. Given the facts of the case, the ethical issues that Pat must take into consideration are itemized below: (1) due to the confidentiality of the information accorded to Pat, she is in a quandary as to reveal the truth about the layoff; (2) as an employee who had earned the trust of management, Pat is indebted to the company for sending her to college; thereby, the personal traits of honesty and integrity, in concurrence with abiding with policies of confidentiality, are hereby critical in the decision making process; (3) an old friend relies on Pat to give her the right information regarding the rumor of laying off 200 personnel; Pat is therefore bewildered as her loyalty and trust is hereby tested. It is critical to identify in an ethical

MGM330-0704A-04 Business Decision-Making - Phase 1 DB Essay

MGM330-0704A-04 Business Decision-Making - Phase 1 DB - Essay Example This discussion describes the different data collection methods, the issues associated with them and the situations each method is more suitable for. Social studies is a field which utilizes a lot of statistics in its studies. In order for some of the data to be unbiased a common method utilized to study human behavior and obtain qualitative or quantitative data is observation. Observation is a controversial data collecting method when utilized without people knowing there are being watched in scenarios such as in a public place. Interviews are very effective data collection methods for statistics involving in fields such as human resources. The data collected is easy and cheap to acquire, but at times sophisticated statistical models involving techniques such as hypothesis tests or multiple regression models are required (McClave & Benson & Sincich, 2001). A survey is a simple to implement data collection method. It can be utilize to obtain data extremely fast and allows the opportunity to be performed electronically because of its simplicity with the assistance of the internet. In the case of Piggy banking this company could utilize this data collection method in a lot of applications at the bank. A bank can create surveys and place them anywhere in the branch for customers to answer while they are waiting for a finance official to provide them with service at the branch. Another method that is commonly used to obtain data that can be utilized in statistical work is research. Research is an effective method to obtain secondary data. Secondary data is obtained utilizing readily available sources, in other words the data is collected by someone else and utilized by the researcher for a statistical study (Fao). This data can be collected extremely fast. On the other primary data which is collected by the researcher himself/herself is a very time consuming task. At times secondary data is not available and the only way to