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Business Ethics Governance & Risk
DEC 2020 assignments
Question – 1
1. Food plants or crops, which have been genetically altered, are known as genetically modified foods. The genetic alteration is meant to make it commercially competitive, yet it is not without environmental and ethical concerns and dilemmas. What according to you are the Four main short term benefits to the producer/consumer of genetically modified food crop, elaborate? Also identify and explain any Four long term negative impact of genetically modified food crop on the environment as well as human health.
Answer:
Introduction
Genetically modified foods are food plants or crops which have been genetically altered. The sole purpose of genetic alteration is to make the food crop commercial competitive in the market. Another name for these crops is genetically engineered foods or bioengineered foods. These foods are made from organisms that have been changed by DNA using genetic engineering methods. Genetic engineering methods make it easier to introduce new trials and more excellent controls over the practices than
2. Environmental sustainability is an ethical principle. Identify any Three principles /concerns involved in environmental ethics. Elaborate on any Three critical practices /processes adopted by business to showcase that ethical environmental responsibility has been embedded in their over all business strategy
Answer 2
Introduction
Environmental sustainability means taking responsibility for interacting with the planetto maintain natural resources and avoid threatening future generations in meeting their needs. According to the United Nations, environmental sustainability is all about taking responsibility and acting in favor of
3. a. Amrita is a successful Vice President, Finance since last 3 years of a mid size FMCG company, recognized as a highly motivated, committed and capable executive across the organization. When the CEO of the company meets with an accident and is paralyzed the Company Board chooses to elevate Amrita’s junior, Karan, Vice President, Marketing, who is just one year old in the company, as the next CEO. The organization is now largely divided into 2 factions, each favoring either Amrita or Karan. You are the Head of Human Resources thinking of addressing this issue of gender discrimination. According to you, which Five factors influence the attitude of an individual towards gender bias? How can this attitude be changed/overcome? (5 Marks)
3. b. How has study of Business Ethics benefitted YOU as a person or a manager?
Answer-3
Introduction
Gender bias is a widespread character trait found in most people; some people are biased about one gender; some is about another. In the workplace, also gender bias is a common practice, gender bias can be seen in hiring, in promotions, in taking pieces of advice and in many other things.
Concept and
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