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At some point in time during your career, you will have to do some research and write a report to follow it up. When writing a report, it is very important to stay true to your work and remain ethical in what you are producing. What does that mean to you? How can you stay on the right ethical path? What are the consequences if you are not ethical in the report writing?

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Kritika Krishnakumar
Kritika KrishnakumarLv10
28 Sep 2019

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Related questions

1. If you had the power to eliminate tariffs on sugar cane and subsidies on biofuels, would you do it? Why or why not? Would you consider this an ethical stance, why or why not?
2. Regarding your answer to question #1, what would be the impact on the U.S. and on other producing countries?
3. What are the pros and cons of free trade and globalization of production?

I am in need of an expert who understands Global Business. I keep changing my opinion(s), therefore having a hard time writing out an argument/paper on these questions. Your help is very much needed and very much appreciated.

Watch the video to have a better understanding of Absolute Advantage.

2. Complete the assignment attached.

https://www.youtube.com/watch?v=Vvfzaq72wd0

We use the concepts of absolute and comparative advantage to explain why countries import some products and export others. We can also use them to explain how work can be divided between two people. Two consultants—John and Jennifer—have a client who needs a company report written and a PowerPoint presentation prepared within the next two weeks. Both John and Jennifer have experience writing reports and preparing presentations, but neither has the time to do both jobs. From past experience, they know how much time each of them needs to complete each type of project:

Consultant

Write a Report

Prepare a Presentation

John

80 hours

40 hours

Jennifer

150 hours

60 hours

Using the information contained in the grid above, answer each of the following questions:

Does either John or Jennifer have an absolute advantage in (1) writing reports and/or (2) preparing presentations?

Does either have a comparative advantage? [Note: To handle this question, first determine how many total hours would it take to serve the client if John writes the report and Jennifer prepares the presentation. Then determine how many total hours would be required if, instead, Jennifer writes the report and John prepares the presentation.]

Based on your analysis, how would you recommend that John and Jennifer divide the work?

Given your answer to the previous question, would you say that John has a comparative advantage in writing reports, in making presentations, or in both? What should John specialize in?

Does Jennifer have a comparative advantage in either task? What should she specialize in?

After you have read the article the "Top Ten Principles" from below, identify any five business ethics principles that you feel are the most important and why? How do these principles relate to either your either internship, place of employment, or at your College - please provide examples?

1. Business Ethics are built on Personal Ethics. There is no real separation between doing what is right in business, and playing fair, telling the truth and being ethical in your personal life.

2. Business Ethics are based on Fairness. Would a dis-interested observer agree that both sides are being treated fairly? Are both sides negotiating in good faith? Does each transaction take place on a "level playing field"? If so, the basic principles of ethics are being met.

3. Business Ethics require Integrity. Integrity refers to whole-ness, reliability and consistency. Ethical businesses treat people with respect, honesty and integrity. They back up their promises, and they keep their commitments.

4. Business Ethics require Truth-telling. The days when a business could sell a defective product and hide behind the "buyer beware" defense are long gone. You can sell products or services that have limitations, defects or are out-dated, but not as first-class, new merchandise. Truth in advertising is not only the law, business ethics require it.

5. Business Ethics require Dependability. If your company is new, unstable, about to be sold, or going out of business, ethics requires that you let clients and customers know this. Ethical businesses can be relied upon to be available to solve problems, answer questions and provide support.

6. Business Ethics require a Business Plan. A company's ethics are built on its image of itself and its vision of the future and its role in the community. Business ethics do not happen in a vacuum. The clearer the company's plan for growth, stability, profits and service, the stronger its commitment to ethical business practices.

7. Business Ethics apply Internally and Externally. Ethical businesses treat both customers and employees with respect and fairness. Ethics is about respect in the conference room, negotiating in good faith, keeping promises and meeting obligations to staff, employers, vendors and customers. The scope is universal.

8. Business Ethics require a Profit. Ethical businesses are well-run, well-managed, have effective internal controls, and clear expectations of growth. Ethics is about how we live in the present to prepare for the future, and a business without profits (or a plan to create them) is not meeting its ethical obligations to prepare for the future well-being of the company, its employees and customers.

9. Business Ethics are values-based. The law, and professional organizations, must produce written standards that are inflexible and universal. While they may talk about "ethics", these documents are usually prescriptive and refer to minimal standards. Ethics are about values, ideals and aspirations. Ethical businesses may not always live up to their ideals, but they are clear about their intent.

10. Business Ethics come from the Boss. Leadership sets the tone, in every area of a business. Ethics are either central to the way a company functions, or they are not. The executives and managers either lead the way, or they communicate that cutting corners, deception and dis-respect are acceptable. Line staff will always rise, or sink, to the level of performance they see modeled above them. Business ethics starts at the top.

Ethics is about the quality of our lives, the quality of our service, and ultimately, about the bottom line. An unhappy customer complains to an average of 16 people. Treating employees, customers, vendors and the public in an ethical, fair and open way is not only the right thing, in the long run, it's the only way to stay in business.

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