Category: Business and Management : Business

What is the Role of Ethical Behavior in a Free Market?
Conventional wisdom views free markets as places where self-interest, rather than ethical behavior, reigns, but this is a narrow view, keeping in mind that people are also self-interested when they are outside the marketplace as when they are acting in the political arena.
Markets may actually encourage ethical behavior. The only way to make money in a market is to provide a service that other people value enough to pay for. This leads people to be cooperative and friendly and to try to provide a product or service that people want. In contrast, in politics, politeness and cooperation are difficult to achieve.
When corporate leaders act unethically (making false statements about the condition of their stock or illegally using money from their corporation) they generally suffer as a result. Their companies may be forced into bankruptcy or go out of business. In other words, markets themselves punish wrongdoers.
Another way to look at markets and ethical behavior is to argue that markets can operate only if people are ethical. Some say that markets are not themselves either ethical or not ethical. Rather, they are just a system of voluntary trade. Whether the actions are ethical depends on the people involved.
Question: Does business have a special ‘ethical responsibility’ to do good (to go beyond just following the laws and avoiding fraudulent behavior)? Doing good this way is sometimes called ‘corporate social responsibility’.
Economists such as Milton Friedman argue that companies have one responsibility: to make a profit, following laws and acting responsibly but not taking on special charitable tasks. Others, such as John Mackey, CEO of Whole Foods, disagree.
What is your position on this ethical marketing and responsibility issue?

Using the links I have provided as well as additional research articles you must find you will write a final capstone paper encompassing the impact of COVID-19 on the aerospace industry. You need to research the major U.S. airlines (Delta, United, American, Southwest, Alaska…), manufacturers, MRO’s. In your research you should attempt to ascertain the health of the companies pre and post COVID. Financial stability, liquidity, flexibility…
You paper should discuss the aerospace industry. You should make suppositions regarding the aforementioned industry health. I want you to go as far as predicting if you believe certain airlines, MRO’s, manufacturers will not survive the downturn. I want you to also explain specifics as to how COVID has impacted the entire industry, not just the airlines. Remember, this is a fact based paper, so it must be supported by facts not your opinion. You should be able to access stock information and economic viability from corporate reports and research articles. Remember, Wiki sites are not considered credible for the purposes of academic writing. That is not to say the information is incorrect, but avoid them for your academic writing unless otherwise directed. 
Your final paper will be a minimum of 5 pages, 12 font, double spaced. No abstract is required. Title and reference page does not count toward the minimum page count. You may use graphics, but they do not count toward the page count. It must be submitted in a Word document and will be submitted through Turn it In for plagiarism. Your paper must be submitted in APA formatting and you must cite and provide a minimum of 5 references. In order to have a thoroughly researched paper, you will likely have many more than 5 sources. It is very important that you properly format and cite your work. If you do not properly cite your work, you will receive a failing grade. You are encouraged to include charts/graphs, but these do not count toward your 5 page minimum length. https://aviationweek.com/business-aviation/marketplace/planemakers-cut-jobs-bizav-flight-activity-recovers?elq2=63d4d96003e94d05aeffda5129ec189b
https://www.icao.int/sustainability/Pages/Economic-Impacts-of-COVID-19.aspx
https://aviationweek.com/mro/analysts-predict-tough-year-mro?NL=SPD-01&Issue=SPD-01_20200622_SPD-01_178&sfvc4enews=42&cl=article_6_b&elq2=34a8dc63f3f54256b929a1b91c4ba42d
https://www.icao.int/sustainability/Documents/COVID-19/ICAO_Coronavirus_Econ_Impact.pdf
https://thehill.com/opinion/finance/488219-lessons-from-9-11-for-the-post-covid-19-airline-industry

Thoroughly read case study (attachment below) and fully answer questions 1, 3 and 4 at the end of the case study.   
No more than two (2) pages single-spaced.

Your job is to find as much data as possible to articulate your position intelligently with facts to back up your position. The assignment is required to be uploaded in a Word document. You should research the 737 Max using only legitimate resources. Wiki sites are not considered legitimate sources and cannot be used. You will have access to NTSB reports for the crashes. There is at least one NTSB report for the Lion Air crash of the Boeing 737 Max, but there are multiple articles regarding the issues. You can look up media reports, but ensure the sources you are using are credible experts from the aerospace industry. Did Boeing have any indications of the problems that existed prior to accidents? Please pay special attention to the certifying process. Keep in mind, the FAA certified this aircraft as airworthy. Do you see any problems with how the FAA certifies aircraft? Does the manufacturer have too much influence over the certifying process? Was the grounding premature or not quick enough? You are allowed to use deductive reasoning, but you are not allowed to input your opinion into this assignment. Please ensure you are doing your own work, using your own words, and citing sources. You must use APA formatting for this assignment. If you fail to cite your work it will be considered plagiarism and may result in failing grade. I will be grading content as well as properly written papers. Length required is 2 pages minimum, with no more than 3 maximum. Any over or under will have points deducted. Do not feel the need to fluff your papers. Any charts and graphs are welcome, but do not count toward page minimum. No abstract is required. Make very certain you properly cite your papers both in text and with a Bibliography. PurdueOwl is a very helpful site for help in proper formatting and referencing for your papers. 
https://www.boeing.com/commercial/737max/737-max-update.page?gclid=EAIaIQobChMIwufst5_i4QIVzLrACh3x0wE_EAAYASAAEgJV8fD_BwE

The advertising industry operates within strict federal regulations and is monitored by the Federal Trade Commission.  Even with truth-in-advertising laws in place, advertisers have significant leeway to violate the ethical standards of a wide range of consumers. Please comment on the importance of ethical advertising strategy with respect to:
Truth in Advertising
Advertising to Children
Advertising Harmful Products

Thoroughly read case study (attachment below)) and fully answer questions 1, 2, and 5 at the end of the case study. You should use concepts and theories presented in the chapter as you analyze the case by responding to the questions asked.
No more than two (2) pages single-spaced.

What inspired you to start this business?
How did you come to recognize the gap in the market you could fill with a new business?
What are the biggest challenges you’ve faced as a small business owner?
How do you differentiate your business from others in the market?

In lieu of quizzes, you will post six observations about what you read. These can be things you liked, disliked, or did not understand about the reading or perhaps something that the reading made you think of—or a mixture of all of these. These should be at least 250 words in total and should not merely summarize the reading.
*If there are readings from two or more authors (or items to listen to or watch), please address the writing of all the authors.*
https://nationalhumanitiescenter.org/ows/seminars/tcentury/FeminineMystique.pdf
https://www.poetryfoundation.org/poems/46548/harlem
https://sfponline.org/Uploads/372/sonnysblues.pdf

Touchstone: Did Jim and Laura Buy a Car?
SCENARIO: Jim and Laura Buyer visit the local car dealership because they are interested in buying a new car. The car they currently have is aging and is starting to have mechanical problems. Jim and Laura would share the new car, and use it to go back and forth to work and school. Before going to the dealership, Jim and Laura decide that they can only afford $400.00 a month in car payments.
Once at the car dealership, Jim and Laura meet Stan Salesman. Stan shows them several vehicles and Jim and Laura test-drive several of the cars. Jim and Laura particularly like the blue 4-door sedan. Therefore, they agree to give Stan Salesman a $100.00 deposit to hold the car for a day. Stan Salesman does not give them the receipt but guarantees that the $100.00 is refundable. No documents were signed.
The next day, Stan Salesman calls Jim and Laura to ask them when they would like to take delivery of the car. Jim and Laura, on the way home from the dealership, decided that they were not going to buy the car because they did not want to spend that money each month. Therefore, Jim and Laura tell Stan Salesman that they have decided not to buy the car and request their $100.00 deposit back.
Stan insists that the $100.00 was a deposit on the car and was meant to be part of the contract to buy the car. Stan is very persistent and insistent that Jim and Laura have contracted to buy the car; therefore, the $100.00 will be applied to the purchase price of the car. Jim and Laura are shocked and angry as not only do they not want to spend the money, but now feel as though they are being duped by Stan Salesman.
Jim and Laura have an appointment to see a lawyer in a few days, but know you are a student taking a business law class and come to you for advice. They are very frazzled, and understandably upset that they may have just purchased a car. Since you have been taking business law, you have read and understand the elements of a contract and the defenses to a contract. Therefore, although you are not a lawyer, you provide some basic advice from what you’ve learned in your business law class.
ASSIGNMENT: In three to five (3-5) pages, advise Jim and Laura based on the above facts as presented and the material covered in the lessons. In your paper, be sure to address the following:
Define the elements of a legal contract using examples from the scenario where applicable.
Decide whether or not there was a contract for the purchase of the automobile.
Identify the facts from the scenario which support your decision on whether or not a contract exists for the purchase of the automobile.
Use at least two (2) quality academic resources in this assignment. Note: Wikipedia and other websites do not qualify as quality academic resources.
In order to foster learning and growth, all essays you submit must be newly written specifically for this course. Any recycled work will be sent back with a 0, and you will be given one attempt to redo the touchstone.
A. Assignment Guidelines
DIRECTIONS: Refer to the list below throughout the writing process. Do not submit your Touchstone until it meets these guidelines.
1. Understanding of Contract Law❒ Have you defined the elements of a legal contract?❒ Have you used examples from the scenario to illustrate these elements?
2. Case Judgment and Support❒ Have you provided a judgment on the existence of a contract in this scenario?❒ Have you used specific examples from the scenario to defend your position?
3. Research❒ Have you referenced at least two academic sources in your essay?❒ Have you explained how each source relates to and supports your judgment on the case?
C. Requirements
The following requirements must be met for your submission to be graded:
Composition must be 3-5 pages (approximately 750-1250 words).
Double-space the composition and use one-inch margins.
Use a readable 12-point font.
All writing must be appropriate for an academic context.
Composition must be original and written for this assignment.
Plagiarism of any kind is strictly prohibited.
Submission must include your name, the name of the course, the date, and the title of your composition.
Include all of the assignment components in a single file.
Acceptable file formats include .doc and .docx.
D. Additional Resources
The following resources will be helpful to you as you work on this assignment:
Purdue Online Writing Lab’s APA Formatting and Style Guide
This site includes a comprehensive overview of APA style, as well as individual pages with guidelines for specific citation types.
Frequently Asked Questions About APA Style
This page on the official APA website addresses common questions related to APA formatting. The “References,” “Punctuation,” and “Grammar and Writing Style” sections will be the most useful to your work in this course.
APA Style: Quick Answers—References
This page on the official APA Style website provides numerous examples of reference list formatting for various source types.

Below I have uploaded two things: One is an example paper the professor uploaded as he said this paper’s wording and format makes for a good paper. I also uploaded an essay prompt with his instructions for the paper. The paper does not have to be exactly 950 words but can be anywhere from 750-2000 words, so long as all the criteria are met. A list of literature/Reference page must be included at the end but I do not think there needs to be a specific amount of references listed, just as long as a few are included.
I am not sure if my personal opinions need to be a part of the paper, but if that is the case, I am in favor of the stakeholder theory (please include good reasons as to why stakeholder theory is a fairer and better theory for businesses to practice than the stockholder theory, only if my personal preference is necessary)