To complete the learning activities, please create a new thread for each theme and identify in the subject line the theme for which you are responding. Students are expected to post to each theme by Thursday and to at least two other students (across all themes) by Sunday.
In responding to both the learning activities and to other students, please be sure to use the course material using in-text citations and a reference list to cite the source(s) used. Remember, an in-text citation cannot exist without having a corresponding reference list and a reference list cannot exist without having a corresponding in-text citation. In learning how to use the course material and your own research, avoid using direct quotes and instead paraphrase.
To respond to Learning Activities, click on the blue hyperlink.
Learning Activity #1: Economics
This learning activity focuses on a variety of economic topics that affect the business decisions we make every day (e.g. law of supply and demand).
Part A: Review the table below. Notice the economic categories across the top row. Select one item from two of the economic categories and explain how the topic exemplifies the principle. Be sure to define the principle and how a business can be affected by the principle.
|Balance of Trade||Supply and Demand||New Technology-Obsolesce||Employment||GDP health indicators|
|Made in America product identification||Buying toys at Christmas versus other times of the year||Ceasing to use a landline in favor of a cell phone||Aging population||Rise in Federal Interest Rates|
|Buying a Toyota Tacoma or Dodge Ram||Shovels and generators during a blizzard||New Bio Gasoline Discovery||Length of time it takes to get a job||A downturn in the housing rate|
|Buying products at Walmart or the Dollar Store||Gas prices when OPEC reduces production||An App that controls you home doors, oven etc.||Christmas hires||Christmas Sales|
Part B: Select two recent monetary decisions you have made and explain how they affect the economy (e.g. buying a car).
Learning Activity #2: Ethics
Jan and Juan worked in an up and coming solar panel manufacturing firm. The firm started five years ago, and was making a profit, but needed several bigger contracts to expand the business. The firm put in a bid for a city government contract and was one of two businesses up for the government contract. The presentation for the final decision was due in three weeks.
Juan was preoccupied with a sick child leaving much of the work for Jan to do. Having pulled the entire presentation together Jan went over the final presentation with Juan. Since Juan had better speaking skills, they decided that Juan would present most the work and Jan would supplement information in a few areas.
The presentation was a huge hit. The firm was awarded the contract and brought Juan many accolades. So grateful were the owners of the business that they gave Juan a bonus of $5,000. Juan was torn because the bonus money would help with the medical bills for his son, but Juan knew that Jan was more deserving of the money.
Displaying ethical behavior in the workplace comes from the employee recognizing the conflicting issues between what is good for the business and what is morally uncomfortable for the employee. The conflict between these two ideas is known as an ethical dilemma. Three of the most common ethical dilemmas in a business fall in these categories conflict of interest, conflict of loyalty, and honesty and integrity.
In this learning activity, it is important to recognize the issues in conflict or the dilemma that is at stake and decide which of the three categories the dilemma fits into the best.
Task: Explain the three categories of ethical dilemmas commonly found in business and identify which one best fits Juan’s dilemma. Be sure to explain the actual issues that would be in conflict (business vs. individual) in each of the categories. Then once you have selected the category identify Juan’s dilemma and make suggestions as to how he might resolve the dilemma.