Nobody downloaded yet

Business Ethics and Business Law - Research Paper Example

Comments (0) Cite this document
Summary
The paper contains the discussion on Rule v. Fort Dodge Animal Health, Inc., and Wyeth Corp. which indicates that business ethics and the law have remained elusive to practitioners because of its malleability. Due to the ease with which practitioners can manipulate the law to serve their interests …
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER97.6% of users find it useful
Business Ethics and Business Law
Read TextPreview

Extract of sample "Business Ethics and Business Law"

Download file to see previous pages The law, especially business law, has been established to govern and guide businesses to operate within the acceptable ethical and moral framework. However, this framework does not always address all aspects of business activities, leaving managers and executives to find their own perception of the right path. It is because of gray areas that organizations find it difficult to decide whether its activities are compatible with the moral standards set by the law or ethics. In the following sections the researcher shall explore a case law, Rule v. Fort Dodge Animal Health, to demonstrate that often business ethics and business law counteract each other, making it challenging for the organization (and even the law) to determine which path to follow.
In 2002-03, Jessica Rule, a resident of Massachusetts purchased doses of ProHeart 6, a drug for preventing heartworm in dogs, and administered them to her dog, Luke. ProHeart 6 was considered to be a better improvement from its earlier version ProHeart because it remained effective for six months instead of one. However, it needed to be administered by a veterinarian rather than orally by the owner. Both the ProHeart and ProHeart 6 are manufactured by Fort Dodge Animal Health, a division of Wyeth. The improved version was alleged to generate more profits for Wyeth because it was not easily discounted as it had to be administered by vets. Nevertheless, this fact did not impact its effective use against heartworm in dogs (Excerpt from Rule v. Fort Dodge Animal Health).
In 2004, Wyeth recalled ProHeart 6 upon the request of FDA (Food and Drugs Administration) due to the concerns regarding the initial test results of the product. The results indicated ProHeart 6 was actually harmful to dogs, caused reactions and even deaths upon repeat usage.    ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(Business Ethics and Business Law Research Paper, n.d.)
Business Ethics and Business Law Research Paper. Retrieved from https://studentshare.org/business/1738834-business-ethics-see-instructions
(Business Ethics and Business Law Research Paper)
Business Ethics and Business Law Research Paper. https://studentshare.org/business/1738834-business-ethics-see-instructions.
“Business Ethics and Business Law Research Paper”, n.d. https://studentshare.org/business/1738834-business-ethics-see-instructions.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Business Ethics and Business Law

Business Law and Ethics

...? Business Law and Ethics Introduction Business exists to supply goods and services to s, rather than to supply jobs to workers and managers,or even dividends to stockholders. So basically, businesses exist to serve the needs of customers. If you have no customers, you have no business. So what about profit? Business school teaches us to maximize long-term shareholder value. Doesn't that mean maximize profit? (Philosophy of Business – What is the Purpose of Business?, 2005) Business is an activity which provides goods and services to others who demand it. We can classify...
10 Pages(2500 words)Book Report/Review

Business Law and Ethics

...Business Law and Ethics Qn. 1. Pozen (51) discusses that major global financial institutions had to be salvaged from the risk of insolvency in 2008. The efforts to redeem these institutions entailed the injection of government assistance into the management of the institutions, as organizational boards were blamed of being unable to uphold the oversight of the organizations (Pozen 51). The same case had taken place ten years before, during the time of the failure of the corporate governance of Enron. The failure pushed congress towards the institution of the Sarbanes-Oxley Act, which required constant review of the board’s control capacity, which was to be rechecked by a quasi-government...
17 Pages(4000 words)Assignment

Business Law and Ethics

... Business Law and Ethics PART A I will start by informing Delectables Corp. directors about the issues taking place in the organization ranging from the working condition to the quality assurance problems. I will only consider blowing the whistle only if the Board of Directors will not respond to the problems raised. It is no doubt that a number of questions will be ringing in my mind before making the final move with respect to the situation at hand. I will ask myself about the present state of the organization with respect to the quality assurance, the conduct of subordinates, and the working condition of every member of the organization. The next question will be what should be the ideal state with respect to working condition... , and...
6 Pages(1500 words)Essay

Business Law and ethics

...?Child Labour in Developing Countries Introduction This paper is based on the business law and ethics case study on child labour in developing countries and it manly seeks to highlight on the other thoughts of the young labourers who were enrolled for a two-year full time education program that was being sponsored by their employer. Despite being full-time students, the Vietnamese children who were below the statutory age limit for working were still being paid their normal wages by their employer even thou they never reported to work, and their first recorded thought on this was that it was almost impossible to believe that they were being paid to be educated. Child labour in developing...
3 Pages(750 words)Case Study

Business ethics and law

...Business Ethics and Law There are many ethical dilemmas that face persons dealing in sales. These dilemmas arise from interaction with individuals and agencies both within and from outside the organization. Sales personnel are prone to facing more ethical conflicts than individuals dealing in other lines of business. These persons are not as closely supervised as other workers and they play a big role in raising income for the organization. This paper seeks to document the pressures that a sales representative working for a company that provides technical support to customers may face. The paper will delve into the dilemma the individual...
3 Pages(750 words)Assignment

Ethics around Business Law

...ETHICS AROUND BUSINESS LAW Ethics around business law can be explained or ified into a broader horizon. Ethics around business law can be termed as business ethics and it can be defined as an ethics that examines ethical rules and principles within a commercial context. Business ethics should more over confer to economic, legal, social, human, and political context. Business law comes under a parent law which is widely referred as commercial law which governs both commerce and business. Commercial law primarily manages corporate contracts, hiring practices, sales, service and consumer goods. There are sixteen different commercial laws out of which corporate law, employment law, labor law and tax law are the most important laws... ....
2 Pages(500 words)Essay

Business law and ethics

...Business law and ethics Business law and ethics In APA format P.Swarnalatha ID # 5448 Order # 178626 d 6th August 2007 Word count: 2590 ABSTRACT Bert has not violated any business ethics and in this way he has not beached the rules of contract law and hence he should not be punished under court of law. For getting protected under this case he should represent his ground with solid proof that he didn’t involve in any violation of implied contract or quasi contract. Moreover, he should prove that he has not got any information from Williams before he finalized the contract...
10 Pages(2500 words)Essay

Business law and ethics

...Assignment 4: Business Law and Ethics Four Ethical Theories Introduction Ethics, like preference, may be considered a product of values. To some, the suggestion that an orderly and analytical process of decision making, not only on a personal level – but more so in business, should include the discussion of highly controversial ethical issues, about which honest differences of opinion are common and self-deceiving rationalization endless, is repugnant. Ethics, after all, encompass wider perspectives of human concerns ultimately affecting business organizations. Ethics has...
8 Pages(2000 words)Essay

Business, law, and ethics

... ETHICS, LAW AND BUSINESS The case study presents a scenario of the success of the World Com Telecommunication Company which began as a small long distance telephone company. The success of the business was facilitated by the proper managerial techniques that were applied by Bernie Ebbers who worked in partnerships with other business stakeholders. The success of the business in the early 1990’s was later facilitated by the various mergers and buying of shares with Companies such as the AT&T, which was later, renamed the Long Distance Discount Services, the MCI, and the ACI. However, the Company began experiencing several challenges that eventually led to its failure and an ultimate bankruptcy in 2002. The first challenge... that was...
2 Pages(500 words)Essay

Business, law, and ethics

...According to the article en d ‘Understanding Enron: It’s About the Gatekeepers, Stupid,’ it can be d that there are different factors that led to failure of gatekeeper. Basically, “gatekeepers are reputational intermediaries who provide verification and certification services to investors.” Thus, the gatekeeper plays a watchdog role to ensure that corporate are operating within expected ethical standards. In this particular case, it can be noted that the gatekeepers did not perform their professional duty since they did not objectively monitor the performance of Enron. For instance, they let the company adopt the sell recommendation which is detrimental to the investors. Instead of playing their watchdog role, the...
2 Pages(500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Business Ethics and Business Law for FREE!

Contact Us