Business Ethics and Social Responsibility

Business Ethics and Social Responsibility

  • Search for the article entitled as You can always get what you want?!? the case of rent-to-own. by Hill, R., (2019). in SAGE Business Cases.
  • Read the article thoroughly alongside Chapter 2 (Deciding What’s Right: A Prescriptive Approach) in your textbook and answer the questions for the assignment.
  • Besides this research paper use other relevant material to support your answers.

 

Assignment Question(s):

 

Part 1 (Case-based Questions) (5 Marks)

1– What ethical issues are present in the case? (Words 100-150).

2– Is it appropriate for Jamal to allow his own self-interests to guide his ethical conduct? For example, charging prices and following procedures that disadvantage customers but put more money in his pocket (and the pockets of his employees) may be viewed as wrong. Do you agree or disagree? Explain your answer (Words 150-200).

3– Are Jamal’s responsibilities to the community different because he shares their history? Explain your answer (Words 100-150).

4. If Jamal truly wants to stay in this community and pursue his career, should he be willing to take a less well-paying job with depressed future options to solve his ethical crisis? Under what circumstance would such extreme measures make sense? (Words 150-200)

 

 

Part 2 (Discussion Questions) (5 Marks)

5– Think about a situation where your values have been in conflict. How have you resolved those conflicts? Now that you have studied the ethical decision-making frameworks in this chapter, what should you have done? (Words 200-300).

6– If you had to choose just one of the philosophical approaches discussed in this chapter to guide your decision making, which would you choose? Why? Or, if you had to rank them from most to least helpful, how would you rank them? (Words 200-300).

 

7– What do you think of the proposed Hippocratic Oath for managers? (Words 100-150).

Answer preview

Like most other RTO businesses, Jamal’s is also plagued by numerous instances of unethical practices and conduct. RTO businesses are invaluable, especially within low-income communities. This is because they offer them a certain level of flexibility and convenience they would otherwise not get (Hill, 2019). RTO business owners take advantage of this by providing such communities essential products at very steep prices. The prices are pretty high relative to those offered by other much larger retailers located away from these communities. Most customers purchase the items they need via a credit system, whereby they take possession of the item they desire but only gain ownership of the item once they complete their small and structured payments (Hill, 2019). Even though this practice might appear beneficial to customers, it is pretty unethical, especially since any single default means that a customer losses possession of the item. In addition to this, RTO’s use very crude and inhuman tactics to repossess these products, and once this happens, customers have to start making payments all over again from scratch.

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