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Showing posts from January, 2010

Case 11.2 : The Baptist Foundation : Funds of The Faithful

The Baptist Fondation of Arizona (BFA), begun in 1984, was a real estate investment nonprofit that did quite well at its beginning stages. The BFA had a psychology going with its fund and with recruiting investors. Each year, at its annual convention, the BFA distributed its "Book of Reports" could be given to others as a means of recruiting new investors. however, by 1988 both the Arizona economy and its real setate market were sinking fast. rather than disclose that the downturn had affected its holdings, BFA opted not to write down its properties. The management team's campensation was tied to the perfomance of the fund. Arthur Andersen, the Auditor of BFA, noted the presence of specific revenus targets set by manangement for each quarter with compensation packages tied to those targets. in this case, there is an unethical issue, the BFA try to manipulate their financial report. They try to show that although in bad condition of Arizona economy, they can survive and ha

Case 10.3 : The Fireman and His Family

In this case, there’re ethical breaches which has been done by the fireman who has been working for the fire department for nearly four decades as a deputy chief. He has done some wrongdoings and because of that he retired immediately. When he still as a deputy, he took some unethical decision like hiring employees without going through standard hiring procedures, and some others action for he and his family benefit. Properly, the company should investigate the work of it’s worker regularly although the worker is on deputy chief position.

Case 9.7 : Merck and Vioxx (Part I*)

Merck was founded as a chemical manufacturer in Germany in 1668. Run by the Merck family for generations, the company moved to the U.S. in 1891 under the direction of George Merck. George Mecks Jr. Said, “ we try never to forget that medicine is for people. It is not for the profits. The profits follow, and if we have remembered that, they have never failed to appear. ” Merck has long been known as a responsible and generous corporation. Many social responsibility have been done like donated billions in AIDS, focused on R&D related to the disease and prevention in undeveloped countries. Merck also named one of Fortune’s “Most Admired Company in America” for 7 years during 1980s. In 2004, Business Ethics named Merck one of its Top 100 Most Ethical Companies in America. In 1994, Merck’s R&D program discovered Vioxx. Vioxx actually helped with stomach ulcers and curbed intestinal bleeding. The R&D must pass 3 steps of trial. And Vioxx made it through all of the phas

Case 8.2: Alcohol Advertising : The College Focus

The issue of he ads targeted at college students has become an increasingly sensitive one because fatal injuries related to alcohol use climber from about 1,500 in 1998 to more than 1,700 in 2001 among U.S. College atudents aged 18-24. Alcohol consumption can cause bad effect, so many accidents related to drunken states. Because of the increasing numbers of college-age drinkers, accidents, and fatalities reseacrhers in the field have proposed the following remedies : 1. Greater enforcement of the drinking age. 2. Higher taxes on beer to make it prohibitively expensive for college students. 3. Greater availability of counseling programs for college students who are having difficulty with binge drinking or curbing their use of alcohol .

Reading 7.5 : The Ethics of Business in China and Business Ethics in China

The following sections show why bribery and corruption, an ongoing problem in China, are such a detrimental forces in economic and social progress in the untapped market that await the advances global business can bring. Finally, a conclusion provides direction to businesses in moving forward a global economy free from the self-imposed restraints of corruption · don’t lose sight of the bottom line the principles of business do not change across international boundary lines. The exchage of gifts may be customary in a country but should always be undertaken with the same quantitative analysis as other business expenditures : why am I spending this money? What do I expect in return? Over the long term, what will be the return on this expenditure? Businesses too often retreat to the facile position that there can be no success in acountry that has aculture in which gifts and even bribes are “the way business is done”. They not only abandon sound decision-making tools in r

10 of My Daily Behaviors

1. Go to sleep again after doing shalat Shubuh 2. Using helmet when I’m driving because of avoiding pollution and dust, not because of policeman 3. Often access facebook if i’m bored, even though in the class. 4. When the class is over, I offer and invite my friend to go home with me (bring her to the labi-labi-stop) or go to my house for break-time, because of there will be next class after lunch or in the afternoon. 5. Doing my task until midnight 6. Read Al-Qur’an after Maghrib 7. Try to stop gossip with my friends, but it’s little difficult 8. Try to do shalat khusyuk 9. I love smiling 10. Read the prayer before sleep plus surah Al-Ikhlas, Al-Falaq, and An-Naas (each surah three times), Ayat Kursi, three last verse(ayat) of Surah Al-Baqarah.

Case 4.6 : The Student-Loan and financial-Aid Officers with Stock Options (Part I*)

In 2002, the founders of Student Loan Xpress said they intended to get a bigger share of student loan market by “market[ing] to the financial aid offices of schools”. Some of universities have fired their top financial aid administrators after they discovered that the admins had conflict of interest to the lending companies they had listed as “preferred lenders” for the students attending their instutions. Some others have reached settlement with law enforcement officials on loan kickback arrangements. Part of the agreements, in which the universities admitted no wrongdoing, requires the schools to refund $3,17 million to the students because of revenue sharing agreements. So, in this case, there was an ethical behavior that the admins did. They use their position in the universities to take the advantages from the student loan, they try to get big share with this unethical action. Some of them were fired and some others also had to paid some refunds to provide tra

5. 16 : English-Only Employer Policies

The English-Only Policies which were issued by employers become a controversy between employers and employees. The employers think that the policies are appropriate and necessary in order to provide adequate customers services and also the policies give a good impact for the employees, the employees could speak bilingual (their own language and English) fluently. In others hand, however it’s good for employees, the employees filed suit about the policies because they think the rule created a hostile environment for them, especially for the employees with limited English skills. In the case above, there is an ethical dilemma about individual rights and the purpose of business organization which is faced by the employers to make the policies.