Essays on Thoma

Step 1: Develop ethical sensitivity, integrating personal and professional values (Welfer, 2016)

The situation, described in a case study, demands the integration of the best professional and personal values, which in cumulative effect are powerful enough to overcome the toughness of dilemmas.

All the facts of the case are to be clarified with the help of all accessible tools. As regards stakeholders, they include the intern, his/her direct supervisor, current and perspective clients (especially those, whose cases are unique and complex). It also should be emphasized that the sociocultural context of the events also plays a crucial role, as it is new for the intern, who is not duly acquainted with ...

The knowledge in economics encompasses a wide array of topics that involve different economic activities, such as the ones that influence the government in carrying out regulations on gasoline prices as well as imposing a price floor in relation to the minimum wage. In this discussion, different economic scenarios will be presented along with the possible outcomes of each. In addition to the provided situations about the price ceiling for gasoline and price floor for minimum wages, other economic events will be presented, such as the possible gains and losses of international trade and the possible outcome once the ...

Basic Facts of the Case

The Ethical Issues Involved Under utilitarianism, the GM bailout was certainly ethical because it focused on the maximization of the overall good of the company, the people, and the government. However, when one keenly scrutinizes justice and rights issues involved, there is contention with the bailout. The executives of General Motors were allowed to enjoy the organizational profits for the longest period with the taxpayers bearing the losses. Economist Joseph Stiglitz wrote the debate about whether or not to bail out car manufacturers had been mischaracterized, and that the profits were privatized, and the losses socialized. According to him, ...

A free market economy is said to be free because market forces of demand and supply control it. There is little or no government intervention at all levels of the economy. Therefore, the equilibrium price of goods and service market is a mutually agreed price between the sellers and the buyers. The state doesn’t intervene by offering subsidies, imposing taxes or through any form of regulation. The free market is an ideal one that cannot exist in the real world. However, governments can deliberately reduce their influence in the market to shift from a command economy towards the ...

According to Thoma (1), the issue of debts has become a major menace in the country. It is indicated that the national debt has gone beyond the $ 16 trillion mark, which is described as a drain to the economy. This figure trickles down to the individuals where many people tend to be in great debts that are at times quiet hard to clear. There is the need to understand exactly where the problem lies and how it can be resolved. Below is a discussion on this issue, trying to find out who or what is to be blamed when individuals get into ...

Introduction

Foxconn Technology Group is a Taiwanese company that manufactures and assembles many products of Apple, including iPad and iPhone in China (Hays, n.pag.). The number of people employed by the company is over 0.1 million. However, the company has been in news recently for being alleged of unethical human resource practices and inappropriate treatment of employees. The objective of this paper is to understand the pros and cons of Foxconn issue through article review.

The paper is divided into four sections. The first section deals with analysis and evaluation of arguments in favour of the issue through an identified article. ...