Question

1. Marco Manager supervises three employees at a bank. Several times over the last three months, money has been missing from a specific employee’s till at the end of the shift. Marco Manager has worked with this employee for five years and considers this employee a friend. What ethical dilemmas does this present for Marco Manager?
2. Cash Right Now, LLC provides very high interest loans to people with poor credit scores that have a high probability of defaulting on the loan. Many people do in fact default on these loans; however, Cash Right Now, LLC does make a substantial profit overall, even considering these defaults. The people that borrow from Cash Right Now, LLC are unlikely to obtain credit elsewhere. Discuss if Cash Right Now, LLC’s business practices are ethical considering it charges much higher interest rates than traditional banks.
3. Two (2) high ranking managers of Anrun Corp. know that the company’s revenue is rapidly declining. However, at a recent shareholder meeting, they tell the shareholders to expect record profits in the next quarter. Explain the three Blanchard and Peale questions that these two managers should have asked themselves before the shareholders’ meeting.
4. (All chapter readings are from the assigned text book, Jennings, M. (2018). Business: Its legal, ethical, and global environment (11th Edition). Cengage Learning, Boston, MA.)

Answer 1

Marco manager faces ethical dilemma of maintenance of friendship or either indulging in unethical behaviour which may loose on friendship.

Cash LLC behaviour is not unethical however is highly risky as there is no discrepancies but excessive credit risk and defaults risk which is surehsot unsustainable in future.

The managers of Anrun corporation must ask following 3 questions based on Blanchard and Peale:

1. Is it legal? To see if its ethical
2. Is it balanced? To see if its fair and rational
3. How will it feel about myself? To focus on sense of morality

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