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AEREN FOUNDATION’S Maharashtra Govt. Reg. No.:
F-11724
Name : Marks
: 80
Course : Masters in Business Administration (MBA 4 Sem)
Subject : Business Ethics
Answer the
following question.
Q1. Explain
need for a check on quackery.(10marks)
Answer: Health fads and promises of
better health or cures to ailments outside of traditional medicine are
typically forms of quackery. In this lesson, we will define quackery and
provide tips for how to recognize these false healthcare claims.
Definition of
Quackery
Jane's sister
Betty is one of those people who seem to hang onto every word and promise made
about the latest health fad out there.
Q2. Write a
note on Consumer Safety. (10 marks)
Answer: The Consumer Protection Act,
implemented in 1986, gives easy and fast compensation to consumer grievances.
It safeguards and encourages consumers to speak against insufficiency and flaws
in goods and services. If traders and manufacturers practice any illegal trade,
this act protects their rights as a consumer. The primary motivation of this
forum is to bestow aid to both the parties and eliminate lengthy lawsuits.
Q3. Give a
note on Human culture. (10 marks)
Answer: Culture is the patterns of learned and shared
behavior and beliefs of a particular social, ethnic, or age group. It can also
be described as the complex whole of collective human beliefs with a structured
stage of civilization that can be specific to a nation or time period. Humans
in turn use culture to adapt and transform the world they live in.
This idea of Culture can be
seen in the way that we describe the Ashanti, an African tribe located in
central Ghana. The Ashanti live with their
Q4. What is imperative
need? (10 marks)
Answer: An ethical
imperative is a belief or principle which is perceived as extremely morally
necessary. This intensely-felt moral code motivates a person to act
accordingly. For instance, fidelity is an ethical imperative in marriage which
inspires husbands and wives to be true to their marriage vows.
How do you find quality as an
ethical imperative?
Quality as an
Ethical Imperative
- Principle–Doing the right thing the right way implies a standard of
excellence.
- Purpose–Intending to do the right thing the right way is clearly
ethical.
What is imperative need in
business ethics?
A business
imperative is a major
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Case Studies
CASE STUDY (20 Marks)
Share price rigging is rampant during bull runs. To see
how it happens, let’s check the modus operandi. The main form which evolved
during Harshad Mehta’s time, involves three participants – promoters, operator
and a broker syndicat There are ancillary participants like fake bill-sellers,
and also perhaps unscrupulous auditors and officials. The promot first finds an
operator or vice versa. The promoter should be interested in bumping up the
share price, the motivation f which could vary from the basic – offloading his
stake at a high price to gullible retail investors – to the more advanced which
comprises complex needs like getting better validation for a GDR issue or in an
M & A. it works like this: t promoters commit to the operator not to sell
the market while the operation is on. He gives about 10% of his stake to t
operator of companies affiliated to the brokrs’ syndicate. The syndicate
normally comprises 6-10 brokers, ofte dispersed in different cities so as not
to arouse suspicion of SEBI or the stock exchange. Their role is to do circu
trading which works like this: say broker A sells to B at Rs. 4.5; will sell to
C at Rs. 4.65 and so on. The trades a designed to generate the impression of
large liquidity. After taking prices to certain level, ‘news flow’ is created.
T news is typically about large orders and capacity expansion. These days it is
often about an acquisition or restructurin Also, financial results need to show
improvement. This is done by buying revenue. There are agents who sell fake bi
at a certain commission, which could be between 0.5% and 10%. ET has learnt
this market tends to boom at the sam time as share markets. After the price
reaches the target, the syndicate exits. The gains are split between the promot
operator and syndicate members. In this artificially created bull run, there is
a new element: people trying to conve black money to white.
Answer the
following question.
Q1. Give an
overview of the case.
Answer : Who was Harshad Mehta?
Harshad Mehta was a well-known stock broker,
alleged to have manipulated the stock market in 1992 by drawing out funds from
banks fraudulently. Some finance experts believe, Harshad Mehta did not commit
any fraud, "he simply
Q2. Discuss
the ethical issues in this case
He exploited trust. Harshad was a bond
broker. Before bonds were traded in dematerialised form, banks exchanged notes
(banker’s receipt) promising delivery of the certificates. The money would go
into the broker's account and the broker would distribute the money to the banks
that provided the bonds. Not an ideal situation, but one bank could not deal
with many banks so the broker played the role of an exchange. Although the
broker played a big role they were not recognised by the regulator and the
practices continued as a
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CASE STUDY (20 Marks)
When
lakhs of people of the quake-hit region in a certain state in India were
braving the biting cold under open skie some 100-odd resident doctors of a
certain hospital went on a flash strike ignoring more than 70 critically
injured qua victims for almost six hour. The hospital didn’t supply blankets or
given medical treatment to the quake-injured and oth seriously ill patients as
the angry doctors assembled in the hospital compound and chanted slogans,
announcing a fla strike that lasted for about six hours. Apparently, a nurse,
after locking the room where blankets for doctors were store had forgotten to
deposit the keys with the hospital matron. On discovering that there might be
no blankets for the night ward off the chill in the special rooms where the
doctors had been put up, the latter reportedly gheraoed the matron a the
assistant matron and heaped on them the choicest of abuses for the mistake
committed by the nurse. When t nurse protested against the abuses, the doctors
reportedly demanded that the matron tender an unconditional apology or else
they would remain on strike. Nevertheless late in the night, on the day of the
strike, the dispute was amicably resolved and the doctors resumed duty. The
issue was too minor for the doctors to lay aside all their responsibilities a
go on a strike. Misbehaviour of the doctors by striking just when they are most
needed is indeed regrettable. A sen. physician associated with the hospital has
condemned the irresponsible behavior of the doctors.
Answer the following question.
Q1. Discuss the above case with respect to
ethics.
Answer: Doctor and
healthcare worker (HCW) strikes are a global phenomenon with the potential to
negatively impact on the quality of healthcare services and the doctor-patient
relationship. Strikes are a legitimate deadlock breaking mechanism employed
when labour negotiations have reached an impasse during collective bargaining.
Striking doctors usually have a moral dilemma between adherence to the
Hippocratic tenets of the medical profession and fiduciary obligation to
patients. In such circumstances the ethical principles of
Q2. Give an overview of the case
Answer:
Hippocrates is considered to be the
father of medicine. Before being taught medicine, his disciples were made to
swear an oath to the Gods of healing of Greek pantheon: Apollo, Asclepius,
Hygeia, and Panacea. This was to help them understand the gravity of their
situation and what is expected from their conduct as healers. The oath has been
in existence from 400 BC.[1] Hippocrates was a philosopher as much as a physician. He
considered healing to be a scientific art. The oath sets the standards of
conduct at
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