management question ( Reserved for Hifsa)

CPA Chapter 5 #1

1. The manager of a new research and development firm wants to ensure that all business performed follows ethical practices. Compose a brief company policy statement that explains the concept of "ethical behavior" in a way that all employees understand expectations. Be sure to make clear the relationship between ethics, law, and free choice.

2. Briefly explain the justice approach to ethics and then explain the three types of justice.

3. List the five approaches that are used to describe values for guiding ethical decision making. Briefly describe each.

4. What is social responsibility? Why is it considered a difficult concept to grasp?

5. List and define the criteria of corporate social responsibility.

6. Many companies routinely use Facebook and other social media outlets as part of their management practice. In a climate where so much information is so readily available to him, why is it important for a manager to be ethical when using social media for business purposes? Write a short essay that answers the above question and argues whether or not social media can be used ethically to monitor employee behavior and to gather competitive intelligence.

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