Unit 3 Discussion



Unit 3 Discussion

[Name of the Writer]

[Name of the Institution]

Unit 3 Discussion

Should you be concerned about the payments, and if so, why?

Ans. Yes, I should be concerned about the payments because the United States Department of justice passed a law in the year 1977 that prohibits any gifts or bribes to other foreign officials. Other than if these payments arepropely documented then this act doesn’t apply. The companies and firms have to meet Accounting Transparency requirements under united states government (Hill, & Hult, 2018). The firm is working in the United States and has made payments to Brazilian officials. If a person violates this act, he can face a substantial amount of penalties and sanctions. The amount of fine included under this punishment is double the amount of the expected benefits. Violators can face five years of imprisonment under this act.

After reviewing the supplemental Ethical Approaches pdf in the Learning Activities area, choose one of the ethical approaches that best explains the moral principles behind laws prohibiting such payments to government officials, Consequential, 2. Nonconsequential, or Virtue Ethics Theories?

Ans. In the theory of consequentialism, morality is being judged on the basis consequences a person face after his actions. The basis for moral evaluation of acts depends upon the goodness of consequences. Consequentialism in some cases are criticized when implications of work are not known. In this case, the owner would face adverse effects as he would face a longer sentence. Another undesirable consequence can be the fines imposed on the person. The act of corrupt foreign practices has prohibited the payments to the foreign official. The theory of consequentialism applies to the person in this scenario, and his actions would ultimately have negative consequences.

What is your response to the situation, and why?

Ans. According to my opinion when a person is living in a country, he should follow the laws of that country. Late shipment could also have been a better option instead of choosing actions having negative consequences. In the scenario, the Brazilian government didn't impose any laws which prohibit corrupt foreign practices. But these laws are imposed by united states government which means that if I am living in that country, I have to follow all the laws. The person would face penalties and sanctions under this act. In united states, it is illegal to bribe public officials. The businessman can think of other business strategies instead of involving in illegal, corrupt practices.

References

Hill, C. W. L., & Hult, G. T. M. (2018). Global business today. New York: McGraw-Hill Education.