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Business Ethics, Governance &
Risk
December 2021 Examination
Q1. Identify
a business (small/medium/large/proprietary/partnership/family/listed etc) that provides goods
and/or services of any kind (FMCG, Education, Hospitality etc) and was
impacted during 2019-20 or 2020-21 (any one year) due to Covid Pandemic. Identify and list the business challenges
it
faced (atleast three) and explain how the business managed
the following three risks; Financial risk,
Operational risk & Human Resource risk during the above-mentioned period. What strategies & initiatives did it deploy to address and overcome these three risks
and survive/grow during the period (Answering that the business shut down is not an option). Connect and talk to people among your family
/ friends
/ neighborhood / your company / employer etc (10 Marks)
Ans 1.
Introduction
As a result of the second wave
of COVID-19 infections in India, the FMCG industry will face a significant
operational challenge, and a relatively higher scale of distribution of the
virus to rural areas will also dampen its expected growth prospects, according
to ITC. Due to the disease, there could be an increased susceptibility in
Q2. Your friend wants to blow whistle and has come to you for guidance. How would you advice her/him to help determine whether she/he has a greater obligation to the public or
to his/her employer? Make a list of 4-5 tough questions that you need her/him to answer before she/he blows the whistle. Explain the purpose of each question. (You can pick a
social/environmental or economic issue for whistle blowing) (10 Marks)
Ans 2.
Introduction
In the world of witnessing, a witness
is someone, often an expert, who provides evidence of illegal, wrongful,
dangerous, or wasteful behavior that occurred within a private, public, or
government agency, blackmail, or the abuse of resident stores. From inside or
from afar, people who become witnesses could be bringing information and
instances about the event to the surface. An astonishing 83 percent of sources
report inside to a supervisor, HR, consistency, or
Q3A. A sales
representative for a struggling computer supply firm has a chance to close a
multimillion dollar deal for an office system to be installed over a two year
period. The machines for the first delivery are in the company’s warehouse, but
the remainder would have to be ordered from the manufacturer. Because the
manufacturer is having difficulty meeting the heavy demand for the popular
model, the sales representative is not sure that subsequent deliveries can be
made on time. Any delay in converting to the new system would be costly to the
customer; however the blame could be placed on the manufacturer. Should the
sales representative close the deal without advising the customer of the
delivery problem? Discuss the pros and cons of the decision the sales
representative chooses to take. (5
Marks)
Ans 3A.
Introduction
There is an
excellent opportunity to become added to the ranks of a startup pc supply
company by a sales representative who can close a multimillion-dollar deal for
an essential piece of office furniture. The organization's circulation center
has the machines for the primary movement, but the rest of the information
really ought to be taken into account by the author. There is a problem
Q 3B. You have studied Business Ethics in a structured manner
in this program. Has it helped you with tools to better manage your decision
making process as a business person? Explain in your own words. (5 Marks)
Ans 3B.
Introduction
The concept of
business ethics is applied ethics that examines the concepts and great ideas
that influence decisions and actions made at the all-important level of
management. There are several ethical considerations within a business,
including a company's duties to its employees,
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