Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

After you have read the following fact pattern, please answer the following questions: Facts: John Doe is an executive with Pioneer Industries, a Denton-based company

After you have read the following fact pattern, please answer the following questions:

Facts:

John Doe is an executive with Pioneer Industries, a Denton-based company that manufactures camping equipment. John's responsibilities involve overseeing the design and manufacturing of tent stakes that are included with the company's highly successful line of tents.

The reason the tent line is so successful is that the company markets itself as an eco-friendly company and has adopted a code of ethics that requires its employees to always consider the environment first when making decisions.

Recently, an employee came to John and told him that they have figured out a way to make the tent stakes at a substantially reduced cost. To do so, the company would have to change the tempering process for the stakes in such a way that the amount of pollution generated by the process would increase by 10%. However, the manufacturing costs per stake would be halved by this change.

The change would not violate any applicable law.

John is the manager solely responsible for making this decision.

Answer the following questions:

1 - Briefly describe the Wall Street Journal Model for resolving ethical dilemmas, then apply the model to these facts and explain what decision John should make and why?

2 - Explain what is meant by social responsibility in the context of business corporations. How would you characterize the Pioneer's view of its social responsibility out of the possible categories found in the chapter? Please explain your answer.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing A Business Risk Approach

Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg

8th edition

978-0538476232

Students also viewed these Law questions