Business Ethics and Issues of Employment Case Study

Business Ethics and Issues of appointment - Case Study ExampleEthical relativism designates the universal values that apply to everyone in every ancestry across the world. Sometimes, that extent can be reduced to cultural relativism that tastes to cover the accepted values in a narrower scope, say, a company or a country in regards to the existing culture or traditions. Proponents of Ethical (cultural) relativism assert it demonstrates empirical evidence. Conversely, arguments against ethical relativism claim that it is difficult to find values and norms that govern completely businesses universally.Truth-telling refers to honest communication and poses the question as to whether anyone can defend their reason when not telling the true statement in business. Advocates of truth-telling argue that all societies depend on reciprocal bonds of truthfulness to enforce their sustained relationships. Those against the macrocosm honest claim that it is common practice, and everyone shou ld be aw are of the game. They give examples such as the inflating claims used by advertising companies or contracts that go for concealed fine print provided by employers and suppliers.For 35 years, Ken worked for coupled Airlines as a pilot. Typically, he expected to receive his six-figure pension income from the companys retreat trust. At his retirement, United Airlines had been experiencing a tumultuous pecuniary period. However, the airlines maintained that that was not the case despite doubts about their financial position to cater to the companys demands such as Kens approaching retirement plan. True to the growing fears, United funded Kens trust at about 50 pct of the expected amount. The reason provided for this was that the airlines troubled financially, had been allowed by federal rules to skip making cash contributions. The rules allowed United to seek a bankruptcy declaration, and this meant that they could only cater for about half of what Kens was to receive.There are various ethical issues, in this case, chief among them being Uniteds lack of integrity. The company should have in advance disclosed to Ken about their state of bankruptcy and the financial troubles they were undergoing.