Business Ethics

Business Ethics 33 A

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· Ethics in Local, State, and Federal Regulations for Business

The state of Arizona awarded the contract for indemnity insurance for the state’s 55,000 employees to Intergroup of Arizona. An investigation by the Attorney General’s office found that the Department of Administration, the agency responsible for reviewing bids and awarding contracts, permitted a state employee who is the wife of an Intergroup executive, to make decisions about the insurance bids and process.

By the time the investigation was completed, the contract had been awarded.

Do you see any ethical problems with this process? Why do you think no one said anything until the investigation was conducted?

· Is it ethical to have too much regulation? The cost of ethical compliance gets passed on to the consumers in the cost of the product or service. Can you see how the first three units of this course tie together? Is this starting to look like the beginning of an ethical framework. 

 

Is it ethical to have too much regulation? The cost of ethical compliance gets passed on to the consumers in the cost of the product or service.