Fluent Essays

For this project, you are required to use the case scenario facts and the course material. External sources are not permitted. You are to identify ethical issues that arise in domestic and global business environments using an understanding of ethical concepts and of legal and business principles. You are expected to answer the requirements identified and show the connection between the case scenario facts and the course material. The paper must be 5-6 pages, not including title or reference page, and include APA citation/reference page.     Please see attached project assignment details and course materials.3/23/2021 Project 1: News Event - BMGT 496 7383 Business Ethics (2212) - UMGC Learning Management System https://learn.umgc.edu/d2l/lms/dropbox/user/folder_submit_files.d2l?db=1049234&grpid=0&isprv=0&bp=0&ou=566199 1/28 Project 1: News Event Hide Assignment Information Turnitin® This assignment will be submitted to Turnitin®. Instructions BMGT 496 - Project 1: News Event (20\%) Project 1 is due Tuesday at 11:59 p.m. eastern time of week 3 unless otherwise changed by the instructor. Purpose:  In the first assignment, you have the opportunity to see how ethics can play out in a real-world scenario.  You will read the case scenario and answers the questions in a narrative format. Use headings for each question.  Headings are not the question.  You are required to use the course material to support your reasoning and the conclusions made.  Outcomes met by completing this project: 1. identify ethical issues that arise in domestic and global business environments using an understanding of ethical concepts and of legal and business principles Case Scenario: The outbreak of the COVID-19 pandemic required Americans to shelter in place thus causing the U.S. economy to freeze-up, resulting in millions of lost jobs.  The U.S. Congress passed legislation to try and limit the economic damage.  Included in the legislation was a stimulus package that would give $1,200 to single tax filers making $75,000 or less and $2,400 to married couples making $150,000 or less.  The purpose of the payment was to give people emergency funds and to stimulate the economy.  Also included was the CARES Act that provided the Paycheck Protection Program (PPP).  The PPP was a program administered by the Small Business Administration that was targeted at small business.  It provided for a government loan that was forgivable if used to pay employees’ salaries and benefits, mortgages, rent, and utilities. According to the SBA website, [t]he Paycheck Protection Program is a loan designed to provide a direct incentive for small businesses to keep their workers on the payroll.” javascript:// 3/23/2021 Project 1: News Event - BMGT 496 7383 Business Ethics (2212) - UMGC Learning Management System https://learn.umgc.edu/d2l/lms/dropbox/user/folder_submit_files.d2l?db=1049234&grpid=0&isprv=0&bp=0&ou=566199 2/28 USAA is a member-owned organization that provided insurance and financial services exclusively to current and former members of the military as well as their family members.  USAA has an excellent reputation as a well-run organization and for giving its members good service.  Many USAA members maintain checking accounts with it.  Some of those members who have checking accounts had overdrawn their balances and had a negative balance in their accounts.  When the $1,200 or $2,400 stimulus check were deposited, USAA used those amounts to offset the negative balances in some of its members’ accounts.  Members were not informed in advance that this would be the case.  TBMGT 496 - Week 1 Citations (Banton, 2020) (Brusseau, 2012) (Deloitte, 2015) (Fernando, 2021) (Ganti, 2020) (Horton, 2020) (Lumen Learning) (University of Maryland Global Campus) Bibliography Banton, C. (2020, February 25). Shareholder vs. Stakeholder: Whats the Difference? Retrieved March 18, 2021, from Investopedia: https://www.investopedia.com/ask/answers/08/difference-between-a-shareholder-and- a-stakeholder.asp Brusseau, J. (2012). Chapter 1: What is Business Ethics? In J. Brusseau, The Business Ethics Workshop (pp. 4-32). Washington, DC: Saylor Academy. Retrieved March 15, 2021, from https://resources.saylor.org/wwwresources/archived/site/textbooks/The\%20Business\% 20Ethics\%20Workshop.pdf Deloitte. (2015). Corporate Culture: The second ingredient in a world-class ethics and compliance program. New York: Deloitte Development. Retrieved March 15, 2021, from https://www2.deloitte.com/content/dam/Deloitte/us/Documents/risk/us-aers- corporate-culture-112514.pdf Fernando, J. (2021, February 2). Corporate Social Responsibility (CSR). (G. Scott, Editor) Retrieved March 19, 2021, from Investopedia: https://www.investopedia.com/terms/c/corp-social- responsibility.asp Ganti, A. (2020, December 22). Social Responsibility. (S. Anderson, Editor) Retrieved March 19, 2021, from Investopedia: https://www.investopedia.com/terms/s/socialresponsibility.asp Horton, M. (2020, July 1). The Importance of Business Ethics. Retrieved March 15, 2021, from Investopedia: https://www.investopedia.com/ask/answers/040815/why-are-business- ethics-important.asp Lumen Learning. (n.d.). Ethics Explored. In Introduction to Ethics. Retrieved March 15, 2021, from https://courses.lumenlearning.com/atd-epcc-introethics-1/chapter/ethics-explored/ University of Maryland Global Campus. (n.d.). Ethical Issues Dilemmas Legal Issues. Retrieved March 15, 2021, from University of Maryland Global Campus: https://learn.umgc.edu/d2l/le/content/566199/viewContent/20379475/View Shareholder vs. Stakeholder: Whats the Difference? By CAROLINE BANTON Updated Feb 25, 2020 Shareholder vs. Stakeholder: An Overview When it comes to investing in a corporation, there are shareholders and stakeholders. While they have similar-sounding names, their investment in a company is quite different. Shareholders are always stakeholders in a corporation, but stakeholders are not always shareholders. A shareholder owns part of a public company through shares of stock, while a stakeholder has an interest in the performance of a company for reasons other than stock performance or appreciation. These reasons often mean that the stakeholder has a greater need for the company to succeed over a longer term. Understanding the Role of the Shareholder A shareholder can be an individual, company, or institution that owns at least one share of a company and therefore has a financial interest in its profitability. For example, a shareholder mighBMGT 496 - Week 2 Citations (60 Minutes Investigates High-Frequency Trading, 2014) (Brusseau, Chapter 3: Theories of Consequence Ethics: Traditional Tools for Making Decisions in Business when the Ends Justify the Means, 2012) (Brusseau, Chapter 4: Theories Responding to the Challenge of Cultural Relativism, 2012) (CrashCourse, 2016) (CrashCourse, 2016) (Egan, 2018) (Khan Academy, n.d.) (Peirce, 2018) (Rachels, 1999) (Socially-Responsible Investing for Long Term Safety and Returns: Tom Van Dyck at TEDxNewWallStreet, 2013) (U.S. Supreme Court Clarifies Standards for Tippee Insider Trading Liability, 2016) (Westacott, 2020) Bibliography 60 Minutes Investigates High-Frequency Trading (2014). [Motion Picture]. Retrieved March 24, 2021, from https://www.cbsnews.com/video/60-minutes-investigates- high-frequency-trading/ Brusseau, J. (2012). Chapter 3: Theories of Consequence Ethics: Traditional Tools for Making Decisions in Business when the Ends Justify the Means. In J. Brusseau, The Business Ethics Workshop (pp. 91-125). Washington, DC: Saylor Academy. Retrieved March 24, 2021, from https://resources.saylor.org/wwwresources/archived/site/textbooks/The\%20Bus iness\%20Ethics\%20Workshop.pdf Brusseau, J. (2012). Chapter 4: Theories Responding to the Challenge of Cultural Relativism. In J. Brusseau, The Business Ethics Workshop (pp. 137-176). Washington, DC: Saylor Academy. Retrieved March 24, 2021, from https://resources.saylor.org/wwwresources/archived/site/textbooks/The\%20Bus iness\%20Ethics\%20Workshop.pdf CrashCourse. (2016, December 5). Aristotle & Virtue Theory: Crash Course Philosophy #38. YouTube. Retrieved March 24, 2021, from https://youtu.be/PrvtOWEXDIQ CrashCourse. (2016, November 21). Utilitarianism: Crash Course Philosophy #36. YouTube. Retrieved March 24, 2021, from https://youtu.be/-a739VjqdSI Egan, M. (2018, September 7). The two-year Wells Fargo horror story just wont end. Retrieved March 24, 2021, from CNN Business: https://money.cnn.com/2018/09/07/news/companies/wells-fargo-scandal-two- years/index.html Khan Academy. (n.d.). Cultural relativism article. Retrieved March 24, 2021, from Khan Academy: https://www.khanacademy.org/test-prep/mcat/society-and- culture/culture/a/cultural-relativism-article Peirce, H. M. (2018, July 24). What’s in a Name? Regulation Best Interest v. Fiduciary. Retrieved March 24, 2021, from U.S. Securities and Exchange Commission: https://www.sec.gov/news/speech/speech-peirce-072418 Rachels, J. (1999). Chapter 2: Cultural Relativism. In The Elements of Moral Philosophy (pp. 15-29). McGraw-Hill, Inc. Retrieved March 24, 2021 Socially-Responsible Investing for Long Term Safety and Returns: Tom Van Dyck at TEDxNewWallStreet (2013). [Motion Picture]. YouTube. Retrieved March 24, 2021, from https://youtu.be/00Q3X0-Rihw U.S. Supreme Court Clarifies Standards for Tippee Insider Trading Liability. (2016, December). Retrieved March 24, 2021, from BMGT 496 - Week 3 Citations (Are ESOPs Good Retirement Plans?, 2018) (Ballman, 2012) (Boffey, 2017) (Brusseau, 2012) (Brusseau, Chapter 8: Manager’s Ethics: Getting, Promoting, and Firing Workers, 2012) (Chuck, 2015) (Cope, n.d.) (Decot, 2017) (EU workplace headscarf ban can be legal, says ECJ, 2017) (Feder, 2015) (Fisher Phillips, 2009) (Halloran & Sage, 2002) (Elsesser, 2018) (Morris, 2015) (Nagele-Piazza, 2018) (Nelson & Ellis, 2016) (OSHA’s Wall of Shame: Agency Targets ‘Severe Violators’, 2016) (Peterson, Whitaker, & Bjork, 2016) (Porath, 2017) (Porath C. , 2017) (Rapoport, 2018) (Robinson, 2016) (Scheiber, 2018) (Schumpeter: When workers are owners, 2015) (Shamsian, 2015) (U.S. Equal Employment Opportunity Commission, 2003) (WBAL Radio, 2014) Bibliography Are ESOPs Good Retirement Plans? (2018, May 24). Retrieved March 27, 2021, from National Center for Employee Ownership: https://www.nceo.org/articles/esops- too-risky-be-good-retirement-plans Ballman, D. (2012, November 21). 8 Ways Your Employer Can Legally Discriminate Against You. (AOL Jobs) Retrieved March 27, 2021, from Business Insider: https://www.businessinsider.com/can-your-boss-discriminate-against-you-2012- 11 Boffey, D. (2017, November 20). EU to push for 40\% quota for women on company boards. Retrieved March 27, 2021, from The Guardian: https://www.theguardian.com/world/2017/nov/20/eu-to-push-for-40-quota-for- women-on-company-boards Brusseau, J. (2012). Chapter 7: Employee’s Ethics: Making the Best of the Job You Have as You Get from 9 to 5. In J. Brusseau, & 277-326 (Ed.), The Business Ethics Workshop. Washington, DC: Saylor Academy. Retrieved March 27, 2021, from https://saylordotorg.github.io/text_the-business-ethics-workshop/ Brusseau, J. (2012). Chapter 8: Manager’s Ethics: Getting, Promoting, and Firing Workers. In J. Brusseau, The Business Ethics Workshop (pp. 327-377). Washington, DC: Saylor Academy. Retrieved March 27, 2021, from https://saylordotorg.github.io/text_the-business-ethics-workshop/ Chuck, E. (2015, April 7). Former Hooters Waitress Awarded $250,000 in Racial Discrimination Case. Retrieved March 27, 2021, from NBC: https://www.nbcnews.com/news/us-news/former-hooters-waitress-awarded- 250-000-racial-discrimination-case-n337396 Cope, T. K. (n.d.). LIFESTYLE DISCRIMINATION: IS IT LEGAL? (MCR Attorneys ) Retrieved March 27, 2021, from Mesch Clark Rothschild: https://www.mcrazlaw.com/lifestyle-discrimination-is-it-legal/ Decot, C. N. (2017, May 8). Employers Must Use Caution When Basing Pay Decisions On Prior Salary History. Retrieved March 27, 2021, from Foley & Lardner, LLP: https://www.foley.com/en/insights/publications/2017/05/employers-must-use- caution-when-basing-pay-decisio Elsesser, K. (2018, September 5). Pay Transparency Is The Solution To The Pay Gap: Heres One Companys Success Story. Retrieved March 27, 2021, from Forbes: https://www.forbes.co