MGT610 - Business Ethics

Dear Students, This is to inform that Graded Discussion Board (GDB) will be opened on June 03, 2020 for discussion and last date of discussion will be June 08, 2020. Note: For acquiring the relevant knowledge, do not rely only on handouts but also watch the course video lectures and read additional material available online or in any other mode. Important Instructions: Your discussion must be based on logical facts. The GDB will open and close on above specified date and time. Please note that no grace day or extra time will be given for posting comments on GDB. Use the font style “Times New Roman” and font size “12”. Your answer should be relevant to the topic i.e. clear and concise. Do not copy or exchange your answer with other students. Two identical/copied comments will be marked Zero (0) and may damage your grade in the course. Books, websites and other reading material may be consulted before posting your comments; but copying or reproducing the text from books, websites and other reading materials is strictly prohibited. Such comments will be marked as Zero (0) even if you provide references. You should post your answer on the Graded Discussion Board (GDB), not on the Moderated Discussion Board (MDB). Both will run parallel to each other during the time specified above. Therefore, due care will be needed. Obnoxious or ignoble answer should be strictly avoided. You cannot participate in the discussion after the due date via email. Questions / queries related to the content of the GDB, which may be posted by the students on MDB or via e-mail, will not be replied till the due date of GDB is over.

SEMESTER FALL 2019 BUSINESS ETHICS (MGT610) ASSIGNMENT NO. 01 DUE DATE: JAN 24, 2020 MARKS: 10 The substance of the internalization of environmental costs is to resolve the external effect in the economic of environment as resources having public goods characteristics. Externality refers to the effect of the producers’ production behavior (or consumers’ consuming behavior) on the welfare of a third party. It is an additional effect of non-market that an economic force does on another, including the positive externality and negative externality. If this resource is scarce, meaning that different subjects are incompatible with each other, then the negative externality will inevitably occur. The environment is just a typical kind of scarce resource, and certain economic entities in the use of the environment will affect the use of other economic entities on the environment. Therefore, environment pollution in the use of environment has the typical negative externality. So the internalization of environmental costs helps to improve the level of welfare effect of the whole society. Thus the internalization of environmental external costs is necessary. Discuss the ways which are helpful to internalize the environmental costs to reduce environmental pollution. Reference: INSTRUCTIONS A 24 hours extra/grace period after the due date is usually available to overcome uploading difficulties which may be faced by the students on last date. This extra time should only be used to meet the emergencies; and above mentioned due date should always be treated as final to avoid any inconvenience. To open the assignment file, you must have Adobe Acrobat Reader/ PDF Reader installed on your computer. For acquiring the relevant knowledge, watch the course video lectures and read additional material available online in the form of related articles and case studies or in any other mode. Long, G., Lei, W., Sijie, C., & Bo, W. (2012). Research on Internalization of environmental costs of Economics. IERI Procedia, 2, 460-466. FORMATTING GUIDELINES: Use the font style “Times New Roman” or “Arial” and font size “12”. It is advised to compose your document in MS-Word format ONLY. You may also compose your assignment in Open Office format. Use black or blue font colors ONLY. “Best of Luck”