402 Exam1 Study Guide

402 Exam1 Study Guide - MGMT 402 Review Sheet Midterm Exam...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
MGMT 402 Review Sheet: Midterm Exam Cummins, Ch. 1: Ethics o Be able to define formalism and utilitarianism , such that you could identify examples of each. Utilitarian= the greater good for the greatest #--The utilitarian viewpoint considers the economic benefit to the company and how to benefit the most people including consumers with this decision. This means that although Vasquez was a decent employee he should still be fired because after his in juries he is a liability and if continues to work will be less productive. We do not think that a utilitarian approach makes sense in this situation because the decision to fire Valasquez should not be based on what the greatest outcome could be for the most people. Valasquez was injured multiple times and the only reason that the company wanted to fire him was because his heart attack was going to cost them more than they were willing to pay. Formalist=duty,laws The specific factors that a formalist viewpoint considers are: the reason for the termination, how take the morally correct actions regardless of the outcome, and legalities. Our group thinks in this scenario the formalist approach is the best to use. The reason is that according to the Cummings text, “A moral person acts morally irrespective of the consequences, and not based on fear of punishment.” The moral decision would be to not fire Valasquez even if it means that you could be fired. Pinto fires and personal ethics, Dennis Gioia o What is Gioia’s explanation for why he did not recall the Pinto? Page 385 – he did not think what was happening what unethical (case attached in email)
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
The Wal-Mart effect and a decent society: Who knew shopping was so important?, Charles Fishman o What is the point Fishman makes from the Vlasic Pickle case? In other words, why does he bring it up? Squeezing Pickle Prices A gallon-sized jar of whole pickles is something to behold. The jar itself is the size of a small aquarium. The fat green pickles look reptilian, their shapes exaggerated by the glass of the jar. The jar weighs twelve pounds, too big to carry with one hand. Vlasic’s gallon jar of pickles is a display of abundance and excess, and Wal-Mart fell in love with it, pricing it a $2.97. A year’s supply of pickles cost less than $3! “They were using it as a ‘statement’ item,” says Pat Hunn, who calls himself the mad scientist of the gallon jar of pickles at Vlasic. “Wal-Mart was putting it before consumers, saying this represents what Wal-Mart’s about. You can buy a stinkin’ gallon of pickles for $2.97 . And it’s the nation’s number-one brand.” Because of Wal-Mart’s scale, the Wal-Mart effect is not simply about delivering “always low prices.” It is also about how Wal-Mart achieves those low prices, and what impact the low prices have far beyond Wal-Mart’s shelves, and beyond our own wallets—the cost of low prices to the companies that supply Wal-Mart and to the people who work for those companies. That story can be found floating in Vlasic’s gallon jar of pickles,
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern