ANSWER BOOKLET Fill in the information required below. MATRIC NO PROGRAMME COURSE CODE COURSE TITLE SEMESTER SECTION DATE MC230522649 BBA BAGB2033 Corporate Social Policy 6 023 28/4/24 INSTRUCTIONS TO CANDIDATES: 1. Your answer can be type-written directly onto the ANSWER SHEET provided. 2. If you choose to handwrite, use only blue or black pens. Write legibly and clearly. Scan your completed answer and insert only ONE (1) image per page onto the ANSWER SHEET provided. 3. You have the responsibility to make sure that what you submitted is the complete FINAL version of your answer as no resubmission or correction is allowed. Follow the instructions given on the cover page when submitting your answer. 4. Submit your answers in ONE (1) file. Do NOT submit multiple files. If you have many files, kindly ZIP your files. Submission must ONLY be in Microsoft Word / Excel / PDF format. 5. Begin each question on a fresh page. Write your matric number on top of every page. 6. If you wish to type-write your answers, kindly use ARIAL font and size 10. Write down in the boxes below the questions attempted in sequence. Corporate Social Policy (BAGB2033) January 2025 Final Examination CONFIDENTIAL Matric No:MC230522649 Type or insert your scanned answer on this answer booklet. ------------------------------------------------------------------------------------------------------------------------------- The green and yellow highlighted points are the Examples Question 1: (4) Types of Business Ethics with each Examples a). Metaethics: Interrogate Corporate Ethical Nature Claims Metaethics examines significant definition source, validity & reliability associated with ethical statements. It challenges how ethical requirements such as fairness & sustainability " are fundamental concepts. In business contexts, metaethical inquiry examines the basis underlying (CSR) claims. When, company Ben & Jerry pushed for racially fairness, metaethics asks why their viewpoint is based on objectively moral reality ( such as "inequalities is essentially bad") b). Descriptive Ethics: Analysis On Moral Principles & Practices Within Organisations Page 2 of 8 Corporate Social Policy (BAGB2033) January 2025 Final Examination CONFIDENTIAL Matric No:MC230522649 Descriptive ethics investigates way people and organisations really interact as opposed to dictati ng that they ought to behave. This is based on the empirical approach maps of ethical environment by examining customs, attitudes among staff, including broadbased behaviours. Upon entering emerging markets, firms like Starbucks does descriptive ethical analysis evaluations ensure that regulations & policies were outlined with local norms. Starbucks's Coffee & Farmers Equity in line within regional norms, while including the normal ethical standards. c): Normative Ethics: Moral Conduct Within Organisations Describes as the fundamental principles rules that govern correct inappropriate conduct of behaviour. It offers prescriptives principles for ethical decisions frequently anchored with philosophy frameworks including deontology, outcome-focused ethics, character driven ethics. A deontology approach may compel a corporation to closely follow guidelines for environmental, irrespective of how complying raises expenses. For example, Patagonia institutionalised normative ethics by prioritising environmentally friendly products, whereas contributing early income (1%) to charities, which demonstrates deontology commitment towards the stewardship. An outcome focused ethics viewpoint have justified the short-term monetary loss if social benefits include carbon emission out-weight them D: Applied Ethics: Conducting Ethical Framework Decision Depending on the Context Abstract concepts are translated through practical policy for particular industry sectors in areas li ke governance of environment management, labour rights & data protection/privacy, which links between normative ideas and real-life obstacles, which must have measurable outcomes. For, an instance Starbucks Café & Farmer’s Equity increased income, for coffee growing region for coffee production. This applied framework has yielded the societal advantages. Question 2: (4) Characteristics of Monopolistic Competitions with Examples a. Free of Market Entry & Exit The lack of major entrance or departure restrictions keeps industries competitive, permitting com panies to react quickly with profitable possibilities or as loss. Usually Page 3 of 8 Corporate Social Policy (BAGB2033) January 2025 Final Examination CONFIDENTIAL Matric No:MC230522649 there have not been substantial barriers, such as exorbitant startup expenses, secured via tradema rks, or rigorous regulatory requirements may prohibit fresh rivals from creating a new-start up. Once extraordinary revenue opportunities arise, short run-equilibrium from monopolistic firms, the newcomers rapidly fill the marketplace, ultimately reducing surplus earnings to baseline rate s. In contrast, ongoing loss causes unproductive enterprises to shut down, re-establishing the equilibrium point. Low entry barriers are common in Petaling Jaya's and some other strategic places in Malaysia for food truck business. Anybody who has a considerably adequate number of resources may acquire or rent a vehicle and begin serving meals substantially has little govt intervention than opening a full-service restaurant. When the owner doesn't prove successful, the owner may sell their vehicle then shutdown the operation. b. Setting Up Price & Elasticity of Demand: Monopolistic companies/firms don’t have 100% rights to set up their own price for products, because the product remains existing in the market, but differentiated products that have no perfect substitutes gives little freedom for regulating pricing beyond marginal expense. For instance, telecommunications include, Maxis, Digi, U-Mobile etc. They try to operate on price behalf on the data plans & phone calls, which also use the non-pricing competition distinct offers, to lure clients, such as ads campaign promote network accessibility, bundle plans & loyal programs. c. Lacking Knowledge of Specific Products Inadequate intelligence of the specific product leads to market inefficiencies. Individuals can take poor decisions by choosing more expensive or poorquality items merely due to their lack of comprehensive knowledge regarding their options. The monopolistic market, customers are possibly not aware about the goods qualities, price, plus substitutes due to asymmetry of information for the specific goods & services. This weakness encourages businesses to maintain difference using promotional activities narration instead of making genuine changes. Fast food chains frequently emphasize "deluxe" products or healthy food options, notwithstanding the nutritional information identical with rivals. Example. There is a strong knowledge disparity involving medical firms & customers. Corporations make investments extensively in R&D with marketing advertising, as they have in-depth understanding of their goods. Users, only opposing hand, frequently count on little knowledge via appearance of packaging, ads, or short consultant services with pharmacy Page 4 of 8 Corporate Social Policy (BAGB2033) January 2025 Final Examination CONFIDENTIAL Matric No:MC230522649 D. The Demand Curve Downward-Sloping. The distinctive products & dominance in market and some market dominance, any business in a market where competition is monopolistic confronts of demand curve that's downward sloping. This suggests it that in order to make money more by selling larger quantities of the goods, companies must cut prices. So, the demand curve is very elastic, because there's several near replacements accessible. A certain sports/athletics footwear may generate sales extra pairs, only when the price is reduced as demanded by the consumers. Nevertheless, when a company increases costs dramatically, buyers may simply transfer to alternative labels such as from Nike to Mizuno, New Balance, Addidas, Under Armour & etc. So, the demand for the specific brand is very responsive to the price shifts Question 3: The impacts of advertising ethics supported by an example a. Promoting & Supporting Sustainability in the Long-Run Responsible & ethical advertising helps to create a better environment through supporting ethical purchasing & business conduct. Corporations, who's forthcoming about their initiatives to promote sustainability & principles of ethics will draw ecological & culturally conscientious customers, supporting sustained expansion & robustness. Example, A company named Allbirds focuses on shoes and clothing, emphasizes its dedication to environmentally responsible operations along with sustainable development in marketing. As the company engages those who care about the environment by emphasizing incorporation with long lasting renewable materials, that attempts to reduce its ecological footprint, resulting in establishing more loyal customers and sustainable business in long-term. b. Give Support & Care for Clients Within Communities Ethical ads promotion protects customers from becoming deceived by fraudulent or deceitful promises. Additionally, it means refraining from promoting damaging prejudices, discriminating against written material, or items that may jeopardize community safety and well-being. In society accountable ads address the larger socioeconomic consequences that arise from messages that have been derived. In, 2017 the laundry soap advertising published in China by Qiaobi Page 5 of 8 Corporate Social Policy (BAGB2033) January 2025 Final Examination CONFIDENTIAL Matric No:MC230522649 brand depicted dark skin man placed in the washing machine along with appearing as a lighter in complexion Asian young guy. So, the commercial been extensively denounced for supporting racism, resulting in serious outrage towards the brand, illustrating the tremendous detrimental effect of unethical act and derogatory advertising. c. Improving Company's Brand Reputation & Name: Corporations that frequently employ ethical practices of their marketing & promotional materials may inclined forge favorable brand reputation. The result is improved client retention, favorable referrals from peers, giving a greater advantage over rivals. Individuals have a greater incentive to subsidize firms whose connection alongside what they hold & exhibit behavior that is ethical. An ethical approach, Lush, a skincare retail, founded its identity on a stringent anti-animal experimentation policy & dedication of utilizing ethical produced, natural ingredients for every product. Lush ads emphasis ideals for cruel-free procedure for the components, this shows the Lush has developed a good brand reputation & customer loyalty d. Risk Management & Law Regulation issues. Without being ethical, the tactical ads, which include phoney ads or deceptive contends, may culminate in disciplinary measures, potentially penalties along with lawsuits. Corporations/companies may reduce these dangers while also protecting financial health & image by following ethical standards and advertising restrictions. To support evidence, Redbull previously , charged because of tagline "Redbull Gives You Wings" as ads in TV's & other social platforms. after it was discovered revealed that the drink never provides any special abilities to fly. The, demonstrates legal problem & deceptive assertions of advertisements, emphasising the necessity for sincerity within marketing & sales purposes Question 4: Legislation Strategies on how to prevent sexual harassment The primary legislative measurement linking via (CSR) is the adoption of precise legal terminologies & penalties regarding sexual misconduct & harassment. The revisions to the Employment Act of 1955, which become operational are significant legislative advances to this direction, by expressly describing harassment based on the workplace, the legislation establishes an unambiguous distinction between permitted & improper behaviour. Adherence this type of regulation provides critical component of firm’s social obligation concerning the employees, rather than just an enforceable obligation. A reality illustration of the effects for legislative Page 6 of 8 Corporate Social Policy (BAGB2033) January 2025 Final Examination CONFIDENTIAL Matric No:MC230522649 purposes on scrutiny that corporations undergo when dealing with gender discrimination allegations. The alterations, exist reports in Malaysian medium of information’s (particularly in lacking tailored firm names over confidentiality motives) regarding staff members/employees prevailing in asserts in opposition to superiors or managers/bosses for not sufficiently handling allegations for sexual harassments, resulting in negative publicity and reputations with financial penalties. This highlights the way legal terms require businesses that regard obligation carefully. A critical legislation tactic for preventive is to require businesses to take preventive measures. This modified Employment Act compels businesses to post signs promoting attention against sexual harassments & investigating the complaints. This legal requirement acts as an appropriate benchmark in terms of corporate social responsibility. The social conscious businesses frequently go farther than such fundamental criteria, creating extensive internal organizational anti-sex assault & harassment policies, outlining A critical legislation tactic for preventive is to require businesses to take preventive measures. This modified Employment Act compels the forbidden behaviors, complaints methods, investigations, even repercussions. Companies can provide monthly training & awareness workshops & programs for every staff, promoting an atmosphere of dignity & compassion. An encouraging actual situations instance is the proactive strategy undertaken by some international businesses based in Malaysia. Firms such as Shell Malaysia possess openly published principles & policies outlining the dedication in a courteous workplace. Within the momentary job environment, a larger legislation framework combining into CSR includes tackling by addressing sexual harassments in adjacent areas like distribution networks & business activities. Corporations that are accountable to society are becoming more aware of the need to ensure integrity for a cross chain of values. This involves undertaking efforts to avoid & manage not solely internally among companies, also external among other vendors & collaborators. Since, Malaysian legislation focusses largely about both employers & workers interaction, prominent corporations are including anti-harassment norms within the suppliers conduct code & auditing procedures. For an instance, certain big Malaysian manufacturers with worldwide consumers are now including language throughout agreements with suppliers requiring compliance to appropriate labour standards, particularly sexual harassment prohibition Ultimately, an extended legislation approach that emphasizes socially responsible conscious company cultural values promotes an overall atmosphere for respect & gender parity within Page 7 of 8 Corporate Social Policy (BAGB2033) January 2025 Final Examination CONFIDENTIAL Matric No:MC230522649 legal & regulatory structures. While regulations addressing sexual misconduct at the workplace are critical, a fully preventive strategy necessitates an overall change in attitudes. Companies, as prominent contributors to humanity are responsible for vigorously advocating with core values. These involve backing community awareness campaigns pushing for improved constitutional safeguard against the sexual harassments against all life aspects & enacting regulations with policies to encourage inclusiveness & cultural diversity. Actual situations scenarios involve Malaysian corporations who significantly engage in efforts advancing upon women empowerments with gender equality *** END OF ANSWER SHEET *** Page 8 of 8
0
You can add this document to your study collection(s)
Sign in Available only to authorized usersYou can add this document to your saved list
Sign in Available only to authorized users(For complaints, use another form )