PHIL 2330 UW Moral Problems Using an Ethical Decision Making Model Analysis

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University of Winnipeg Department of Philosophy PHIL-2330: Moral Issues in Business Summer 2021 News Assignment Instruc ons Task Select one recent (published in the last 12 months) news ar cle that covers a business ethics issue. Use the ethical decision-making model in your textbook (Appendix A) to determine the right course of ac on. This is not an essay. Simply lling in the ethical decision-making model in Appendix A of your textbook is su cient. Word Limit There is no word limit for this assignment. Your ethical decision-making model can be as long or as short as necessary for you to make the right decision. Cita ons Do not use any resources except the news ar cle you chose, the materials on Nexus, and the textbook. Lecture videos and slides do not need to be cited. When ci ng from the textbook in-text, use the format (Jordan et al., page #). For example, an in-text cita on of the textbook on page 17 would be (Jordan et al., 17). When ci ng the news ar cle, use the format (Author Last Name). For example, a news ar cle wri en by Dr. Correia would be cited as (Correia). When ci ng sources in your bibliography, refer to resources from the Library. Use APA format. Type of Assessment This is an individual assignment. You must work alone. Submission Your assignment must be submi ed through the News Assignment dropbox on Nexus. Your submission must include your student number, course name and number, tle, date, and word count. Files must be .doc or .docx (Microso Word) documents. All students have access to Microso Word for free through the University of Winnipeg. Extensions If you will not be able to hand in your assignment on me for whatever reason, you must send an email to the instructor as soon as possible. Requests for extensions may or may not be granted and are at the sole discre on of the instructor. Requests for extensions will only be considered if they are provided before the assignment deadline, except in extenua ng circumstances. ti ti ft ti ti ti ti ti ti ti ti ti ti tt fi ft ti ti ti tt ffi Late Policy Late assignments will be penalized at a rate of 10% per day unless you have been granted an extension. 100% 90% 80% 70% 60% 50% Facts iden ed are all relevant and per nent to the case. Facts iden ed are all relevant and per nent to the case. Facts iden ed are relevant to the case. Most iden ed facts are relevant to the case. At least one iden ed fact is relevant to the case. No iden ed facts are relevant to the case. Obvious stakeholders are considered appropriately. Some obvious stakeholders are considered. At least one ethical issue is iden ed but may not be clear. At least one ethical issue is iden ed but may not be explained correctly. Very few stakeholder s are considered and they are all obvious. The majority of stakeholders are iden ed. Their interests are reasonable and appropriately considered. The majority of stakeholders are iden ed. Their interests are reasonable and appropriately considered. At least one stakeholder is not obvious. All stakeholders’ interests are reasonable and appropriately considered. At least three ethical issues are iden ed correctly. At least two ethical issues are iden ed correctly. At least one ethical issue is iden ed correctly. Five genuine alterna ves are iden ed with reasonable considera ons for how each would a ect others. Five genuine alterna ves are iden ed with reasonable considera ons for how each would a ect others. Five genuine alterna ves are iden ed with reasonable considera ons for how each would a ect others. Five alterna ves are iden ed but some are not genuine alterna ves. No ethical issue is iden ed or an issue is listed as ethical incorrectly. ti ti ti ti fi fi fi ti ti ti ti ti ti ti ti ti fi ti ti fi ti ti ti ti ti ff ti ti ff ti ff ti ti fi ti ti ti ti ti ti ti ti ti ti fi fi fi fi fi fi fi fi fi fi fi tt ti fi fi fi fi fi fi fi fi fi ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti ti Five alterna ves are iden ed but only one Five or two are alterna ves genuine. are Recommenda iden ed on is made Recommend but none Recommenda on Recommenda on Recommenda o with some a on is made are is made with a is made with a n is made with a reasoning for with li le genuine. cogent defense of reasonable reasonable why it is the defense. why it is the best defense of why it defense of why best solu on. Recommen solu on. is the best it is the best Moral and da on is solu on. solu on. Moral and pruden al simply Moral and pruden al considera o stated with pruden al Moral and Moral and considera ons ns are no defense. considera ons pruden al pruden al are usually some mes are correctly considera ons considera ons classi ed classi ed Moral and classi ed. are correctly are correctly correctly. correctly. pruden al classi ed. classi ed. considera o ns are not classi ed correctly. ti ti News Assignment Holis c Rubric
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1
Running head: SOLVING MORAL PROBLEMS USING ETHICAL DECISION-MAKING
MODEL

Solving Moral Problems Using an Ethical Decision-Making Model
Student Name:
Professors Name:
Institution:
Date

2
SOLVING MORAL PROBLEMS USING ETHICAL DECISION-MAKING MODEL
Solving Moral Problems Using an Ethical Decision-Making Model
Step 1: Identify Relevant Facts.
Factual statement

Morally

Prudentially

relevant

relevant

Yes/No

Yes/No

Employees of Wells Fargo Bank engaged in fraudulent sales practices. Yes

Yes

They opened millions of accounts in the name of the customers by
falsifying legitimate account owners' information (Weinstein).
Executives at Wells Fargo, including Matthew Raphaelson, Kenneth Yes
Zimmerman, and Tracy Kidd, knew about the ongoing employee
misconduct but failed to take necessary action to stop it (Weinstein).
The misconduct went on for more than ten years.

Yes

Yes

The volume of sham sales was used to market the bank to potential Yes

Yes

investors. This means that the employees and managers of the bank
deliberately used false metrics to exaggerate the bank's performance
so as to attract more investors.
What questions did you ask here?

Which scandal is described
in the case?
Who was at the center of the
scandal?
Were

the

perpetrators

capable of preventing it?
When did the scandal take
place?
Where did the scandal take
place?

3
SOLVING MORAL PROBLEMS USING ETHICAL DECISION-MAKING MODEL
Step 2a: Identify Relevant Stakeholders.
Potential stakeholders

Investors.

What they stand to lose or gain.

Has

a Has

proximal

genuine

interest?

interest?

Yes/No

Yes/No

Investors stand to lose their Yes

Yes

financial resources by investing
in the bank without reliable
information

about

its

real

performance.
Customers.

Wells Fargo customers stand to Yes
lose

money

in

form

Yes

of

fraudulent account fees.
Customers also stand to lose
their

reputation

in

society

should the public realize that
accounts registered in their
names

are

being

used

to

perpetrate fraud.
Wells Fargo employees.

The bank's employees would Yes
gain by retaining their jobs.
Wells Fargo's executives had set
unrealistic targets for sales
employees thus piling pressure
on them to register as many
accounts

as

possible

(Weinstein). They also stand to
benefit from job promotion,
commission, and recognition if

No

a

4
SOLVING MORAL PROBLEMS USING ETHICAL DECISION-MAKING MODEL
they meet the unrealistic goals
set by their leaders.
The bank’s executive officers

The executive officers’ image Yes

No

would improve in the short run
as they would take credit for the
perceived increase in the bank’s
performance.
In the long run, however, the
executives lost money as they
ended

up

being

presiding

fined

over

for
fraud

(Weinstein).
The federal regulator.

The federal regulator might lose Yes

Yes

its reputation. Given that the
sham sales went on for more
than a decade (Weinstein), the
federal regulators might be
perceived as being ineffective
by the public for taking so long
to discover and prevent the
fraud.
Shareholders

The values of their shares would Yes
fall

if

Wells

performance

in

Fargo's
the

stock

exchange market decline. Wells
Fargo's

performance

was

destined to fall as soon as the
fake account scandal became
known to the public.

Yes

5
SOLVING MORAL PROBLEMS USING ETHICAL DECISION-MAKING MODEL
What questions did you ask here?
The main question I asked at this stage concerns the main reasons the fraudulent acts were
committed. Asking the 'why' question helps clarify the interests that motivate various
stakeholders to carry out a fraudulent activity (Jordan et al, 67). I also asked how legitimate the
stakeholders’ interests were.

Step 2b: Identify Ethical Issues.
Potential ethical issue

Is this central to the problem?

Why is this a problem

Yes/No
Judiciary duty

Yes

This is a problem because the
bank had a duty to act in the
best interests of customers and
accord them fair treatment.
Instead of fulfilling this duty,
the bank disenfranchised some
customers by creating fake
accounts and charging them
fees

for

those

accounts

(Weinstein).
Conflict of interest

Yes

This is a problem because
employees acted on their own
selfish interests instead of
providing

fair

service

to

customers and the general
public. For example, they had
to create fake accounts and
charge customers so as to
please their bosses and retain
their jobs (Weinstein).

6
SOLVING MORAL PROBLEMS USING ETHICAL DECISION-MAKING MODEL
Fraud

Yes

Employees

used

clients'

information to register fake
accounts

without

their

permission. This is a problem
because

it

constitutes

a

violation of the data security
laws

as

well

as

the

foundational ethical principle
of autonomy.
What question did you ask I asked myself what the moral aspects of the case were. To
here?

identify ethical issues in a given situation, it is important to
consider factors that create moral concerns (Jordan et al, 67). It
also asked how each of the aspects affects stakeholders.

What is the main ethical issue Fraud is the main ethical issue in this case. It is the major issue
and why?

in this case because it has severe impacts (real and perceived)
o...


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