Exploring+Business-Chapters+2+and+3

**__ Monday, September 27: __**
1. Read Section 2-1 2. Complete the assignment //Copy all work onto a Word document. Once you have answered all questions using complete sentences, send as an e-mail attachment to jgrams@hlv.k12.ia.us Use "Section 2-1" as the Subject.//

1. What is business ethics? 2. What is needed to act ethically in business?
 * Reviewing What You Read:**

1. Though the terms //business ethics// and //corporate responsiblity// as often used interchangeably, they don't mean the same thing. Define each term and explain how the following events could have happened: Fannie Mae, the largest buyer of U.S. home mortgages, was named one of the "100 Best Corporate Citizens" by Business Ethics magazine five years in a row, making it to the top spot in 2004. Shortly after the announcement of the award, news of a massive accounting scandal involving several Fannie Mae executives hit the news. Recently, the business judgment of its management has been questioned as their role in the subprime mortgage mess unfolds. **How can a company be recognized as a good corporate citizen and still experience serious ethical failure?** 2. Use the following websites to identify if each company shows evidence of having good ethical and socially responsible practices: nordstrom.com mayoclinic.org ritzcarlton.com
 * Exercises:**

Cite examples to justify your answer.

**__ Tuesday, September 28: __**
1. Class discussion over Section 2-1 2. Read Section 2-2 3. Complete the assignment //Copy all work onto a Word document. Once you have answered all questions using complete sentences, send as an e-mail attachment to// //jgrams@hlv.k12.ia.us// //Use "Section 2-2" as the Subject.// 1. If you are facing an ethical decision, what questions should you ask yourself?
 * Reviewing What You Read:**

- ethical decision - ethical dilemma
 * Define:**

1. In September 2003, a court in the US threw out a law suit filed by two teenagers from the Bronx in New York that alleged McDonald's had contributed to their obesity and health problems. A spokesperson for McDonald's said that the judgement was a victory for common sense and that McDonald's food can "fit into a healthy, well balanced diet based upon the choice and variety in our menu" (Source of quote: Walt Riker, Spokesperson, McDonald's Corporation). Morgan Spurlock, a budding film maker from West Virginia also saw the comments from McDonald's and decided to test out the theory that the food was indeed healthy. He filmed a documentary reflecting the views of Americans on fast food, obesity and corporate responsibility in his first film 'Super Size Me'. The film is more than just a run of the mill documentary however. At the heart of the film is a record of Spurlock's health and state of mind as he exists on a diet of nothing but McDonald's menu items, three meals a day for 30 days. Images reproduced by kind permission of [|Super Size Me]. Spurlock put on weight, suffered stomach pains, mood swings, vomiting, a reduced sex drive, headaches, palpitations and liver problems. Hardly surprising you might suggest if that is all he eats! Certainly the McDonald's Corporation looks at it that way. Walt Riker suggests exactly that, pointing out that it proves nothing other than "if you stuff yourself with food and stop exercising it's probably not a good idea" (Source of quote: The Daily Telegraph, Friday March 19th 2004). However, later, McDonald's announced that it was phasing out its supersized drinks and fries portions in an attempt to give customers choices and support a balanced lifestyle. //How does McDonald's view its role in social responsibility?// 2. IN YOUR OPINION: The Gulf Oil Spill -- //What is BP's social responsibility?//
 * Exercise:**

**__ Wednesday, September 29: __**
1. Class discussion over Section 2-2 2. Read Section 2-3 3. Complete assignment //Copy all work onto a Word document. Once you have answered all questions using complete sentences, send as an e-mail attachment to// //jgrams@hlv.k12.ia.us// //Use "Section 2-3" as the Subject.// - whistle-blower - conflict of interest - insider trading
 * Define:**

Each December, Time magazine devotes its cover to the person who has made the biggest impact on the world that year. Time's 2002 pick was not one person, but three: Cynthia Cooper (WorldCom), Coleen Rowley (the FBI), and Sherron Watkins (Enron). All three were whilstle-blowers. Go to [|Time.com]and read the story about Rowley, visit [|Time.com]and read the story about Watkins, or visit [|Time.com] and read the story about Cooper. 1. What wrongdoing did the whistle-blower expose? 2. What happened to her when she blew the whistle? Did she experience retaliation? 3. Did she do the right thing? Would you have blown the whistle? Why or why not?
 * Exercise:**

**__ Thursday, September 30: __**
1. Class discussion over assignment 2. Review for Chapter 1 Re-Test 3. Time for WSJ articles

**__ Friday, October 1: __**
1. Test over Chapter 1 2. Time for WSJ articles - articles due by 3:15 today

**__ Wednesday, October 6: __**
1. Read Section 3-1 2. Complete the assignment //Copy all work onto a Word document. Once you have answered all questions using complete sentences, send as an e-mail attachment to// //jgrams@hlv.k12.ia.us// //Use "Section 3-1" as the Subject.//

1. Why do nations trade?
 * Reviewing What You Read:**

- balance of trade - trade surplus - trade deficit
 * Define:**

1. Use this[| site]to identify the pros and cons of globalization. Do not copy each effect word-for-word; use your own words. 2. Using the following websites research the history of McDonalds. //Where was the first McDonald's located?// //When did McDonald's go global? In which country did McDonald's locate?// [|McDonald's History] [|More McDonald's History] [|McDonalds Around the World]
 * Exercise:**

**__ Thursday, October 7: __**
1. Read Section 3-2 2. Complete the assignment //Copy all work onto a Word document. Once you have answered all questions using complete sentences, send as an e-mail attachment to// //jgrams@hlv.k12.ia.us// //Use "Section 3-2" as the Subject.//

- importing - exporting
 * Define:**

1. You're the CEO of a multinational corporation and one-fourth of your wokforce is infected with AIDS. If you had the means to help your workers and their families, would you do it? This is not strictly a hy pothetical question; it's one that's faced by CEOs of multinational corporations with operations in Africa, parts of China, and India. To find out what some of them have decided, go to the //BusinessWeek// Web site [] and read the article //"Why Business Should Make AIDS Its Business".// Then answer the following questions: //a. Why have some multinationals decided to help control AIDS in the workforce?// //b. Why have others failed to help?// //c. From a humanitarian perspective, what's the right thing to do? From a business perspective?// //d. What would you do if you conducted operations ina nation whose government was unwilling or unable to control the spread of AIDS?//
 * Exercise:**

**__ Friday, October 8: __**
1. Review Sections 3-1 and 3-2 2. Read Section 3-3 3. Complete the assignment //Copy all work onto a Word document. Once you have answered all questions using complete sentences, send as an e-mail attachment to jgrams@hlv.k12.ia.us Use "Section 3-3" as the Subject.// - tariffs - quotas - embargo - dumping
 * Define:**

Post two questions from Chapter 2 and/or Chapter 3 that could be used on the test that will be given next week. **Do not post any terms.** Make your questions relate to the readings.
 * 4. Go to [|www.wallwisher.com/wall/intro2bus]**

__Monday, October 11:__
1. Review Section 3-3 2. Review for test over Chapters 2 and 3

__Tuesday, October 12:__
1. Test over Chapters 2 and 3