Legal Political and Ethical Dimensions of Business

Leadership and Organizational Behavior

6. Question : TCO A. Use the fact pattern you received in the above Marianne Jennings "International Code of Ethics" question to answer this question. Analyze and propose a solution to the problem you received above using the front page of the newspaper method. Show the steps, apply the facts, and provide a proposed solution you would suggest. Student Answer: BP was positioned as a top, world-wide, respected, and best Oil exploration company. To maintain this positioning BP would have complied with the International code of ethics. In addition, the existence of such a code would have supported BP business interests as well. However, if there were an international code of ethics then BP might have taken necessary steps to comply with the code of ethics because other manufacturers were also governed by the code. According to Marianne Jennings the business system is an economic system endorsed by the society that allows risk takers, employees, and customers to allocate scarce resources to competing ends. If the same society had set up an international code of ethics then a respected and company like BP would have been compelled to adhere to the code. According to Marianne Jennings there is an interdependence of trust, business, and government, and an international code of ethics would have embodied the relationship of trust, business and government. Instructor Explanation: Page 43 of textbook. Students must explain the method and apply the facts and propose a solution for full credit. Points Received: 40 of 40 Comments: * Times are displayed in (GMT-07:00) Mountain Time (US & Canada) -2135697177 Essay 8 False 0 -2135697177 Essay 8 -2135697176 Essay 10 False 0 -2135697176 Essay 10

MGMT | 520 | Legal Political and Ethical Dimensions of Business | assessment | 6. Question : TCO A. Use the f

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