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Cja 1404 Ethics And Social Responsibility Essay

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PHIL 1404 Unit 1 Written Assignment XXX University of the People PHIL 1404: Ethics and Social Responsibility Instructor Dan Johnson June 14, 2023 Introduction A company establishes a social contract with society (that permits and facilitates a firm’s existence), allowing it to operate and conduct business (Byars & Stanberry, 2018). In exchange for this permission, the company is obligated to act in the best interests of society as a whole, not just its shareholders (Byars & Stanberry, 2018). This means that, according to the principles of the social contract, a company should contribute to the betterment of the community that enables its existence, benefiting both society and itself. This is especially important when focusing …show more content…

If the executives sold their stock based on non-public information about the breach, it may be legal under insider trading rules if they did not directly trade on that specific information. However, it can still be seen as unethical since it could be perceived as taking advantage of the situation for personal financial gain while leaving customers and shareholders vulnerable. While providing these services is a positive step towards rectifying the breach's impact, it can be viewed as merely meeting legal requirements or appeasing customers rather than genuinely addressing the harm …show more content…

How do you think this breach will affect Equifax’s position relative to those of its competitors? How might it affect the future success of the company? I think that the Equifax breach had significant implications for the company's position relative to its competitors and its future success. This is due to the loss of trust and reputation due to the poor handling of the whole breach situation. A reputation for treating customers and employees fairly and for engaging in business honestly are few of the many factors that contribute to a company long term success (Byars & Stanberry, 2018). Equifax has created a bad reputation and loss of trust which is detrimental to the future success of the company. Was it sufficient for Equifax to offer online privacy protection to those whose personal information was hacked? What else might it have

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In response to the incident, the company implemented many security measures to protect against future breaches. In addition, the company has experienced a limited amount of internal fraud. Most cases involved employees attempting to steal cash from the company or manipulate the company’s financial

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The film “Do the Right Thing” Directed by Spike Lee takes us through what life is like and what people do in a small town of Brooklyn, New York. According to Sanjek (2000), diversity in the United States has caused major decrease in the white population and has caused increase of the minority population. The neighborhood in which the film revolves around is filled with many different races and ethnical groups such as Koreans, Jews, Whites, Latinos, and Italians but is mainly inhabited by African Americans. And although they all reside in the same community, there still seems to be some struggles and misunderstandings between them from time to time because of ethnical and cultural differences.

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This article on ethics was really interesting and a dilemma that is prevalent within criminal justice. In the article Dr. Steven Davis recognized that students cheating in high school increased by 20% in the 1940 to 75% today. Davis stated, "If students lack ethics in high school and college, then there should be little surprise that they lack ethics in their careers. (2008). " This observation by Davis holds some value, because individuals that is willing to cheat to get ahead, definitely has no problem crossing ethical lines, because in their mind the wrong is acceptable, just as it was when they cheated.

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A socially responsible member of American Society is required to take the actions that can help and affect the society and not just the citizen themselves. The society should be changed and helped in a positive manner and also benefit others more than oneself. The protection of others should always be on top and every other object should be under that so a citizen is actually a socially responsible member of American Society. American Society wants the people to come up with new ideas and in order to do that the society has to be stable and controlled. A decision made by a person who is very socially responsible and respects it will always be reasonable and reliable.

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