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Essay / Research Paper Abstract
This 7 page paper answers three questions posed by a student pertinent to ethics in business. The questions involve concepts such as due care theory and whistle-blowing. The case of Dr. Jeffery Wigand is discussed. Bibliography lists 2 sources.
Page Count:
7 pages (~225 words per page)
File: RT13_SA450DrW.rtf
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Unformatted sample text from the term paper:
the main points of this theory and contrast it with either the "contract view theory" or the "social costs theory." List and explain the three objections that Velasquez offers against
the due care theory and list which of the three objections is the weakest. Basically, due care theory is the idea that manufacturers have an obligation to go above
and beyond the scope of their contractual obligation to deliver a product, but also make sure that the product is safe. In other words, because the public is not very
bright, or average, and cannot match wits with corporate executives or the scientists and engineers who design the products they sell, the firms are ethically bound to cater to the
safety of the public. This is true even if there is no specific law to explicitly outline the dictums. For example, there may not have been a law to make
cribs with slots a certain distance until a baby was killed by squeezing his head through a pair, but if a firm knew this could happen, they would be morally
obligated to fix it. In other words, it would be irresponsible for a firm to allow a baby to risk his life simply because the company did not want to
lose money by taking the crib off the market. The social costs theory goes a step further to suggest that not only should a corporation be responsible for something that
goes wrong if it was preventable, but even if the corporation is not at fault, it should pay for damages which occur through the use of their product. There are
criticisms for both theories. Obviously, social costs theory goes too far. Why should a corporation be responsible to the society above and beyond what it could have done? Yet, when
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