The two retail companies picked are Walmart and Costco whose 2017 Financial statement links are provided below: WALMART https://www.nasdaq.com/symbol/ wmt/financials?query=income- statement COSTCO https://www.nasdaq.com/symbol/ cost/financials?query=income- statement Both organizations are well known brands and position themselves well with their customer base. Walmart’s value proposition is “We save people money so they can live better”. On the other hand, Costco’s value proposition is “All-in-one convenience and everyday affordability”. Both retailers focus on cost saving for their customers. Looking at their financial statements and by analyzing them a few key areas are evident when comparing the two organization. Looking at the current ratio and quick ratio we can determine the short-term solvency of each organization. The current ratio can be determined by dividing the assets by the liabilities. Walmart’s current ratio sits at 0.86 while Costco’s sits at 0.99. The quick ratio is c...
“Environmental ethics is a branch of ethics that studies the relation of human beings and the environment and how ethics play a role in this. Environmental ethics believe that humans are a part of society as well as other living creatures, which includes plants and animals. These items are a very important part of the world and are considered to be a functional part of human life. Thus, it is essential that every human being respect and honor this and use morals and ethics when dealing with these creatures.” (Rinkesh, 2018, para. 1).
To answer the first question, we will say
DDT have been banned in the United States because, after studies, they are harmful to human health and the environment.
From what is said above, buying land in Mexico, importing US DDT, growing larger crops, and exporting elsewhere just as in the United States should be discouraged.
Today, several harvests made with pesticides are being exported to poor and developing countries, putting the future of an entire world at risk.
Many studies have shown that these pesticides have adverse effects on people and nursing mothers. On the environmental side, these pesticides are very dangerous and cause enormous damage to young people and children.
It is not enough to say that Mexico allows the use of pesticides, the most important is why this is allowed, and what precautions have been taken in Mexico to deal with the problem that it could cause.
Regarding ethical duties that the corporation should have to the workers in Mexico, the neighboring landowners, and the USA consumers about the potential dangers of using DDT, I think It is the corporations’ ethical responsibility to stop the production of such pesticides that are banned in the United States. The DDT manufactures must introspect and understand its accountabilities and responsibilities towards all its stakeholders. Further, supplying hazardous pesticides would tarnish its image in long run.
Finally, DDT manufacturers must invest more in research and development activities that can create environmentally friendly pesticides, as much as they do in the development of more effective DDTs.
Sources:
Associated Press (2014, Mar 4). Chevron wins US legal battle against Ecuadorian court’s $9bn ruling. The Guardian. Retrieved from: http://www.theguardian.
Donald, A. B. (2018). The Ethical Dimensions of Global Environmental Issues. Retrieved from: https://www.amacad.org/
James, B. (2012). Business Ethics. V.1. Retrieved from: http://2012books.
Rutledge, L. (2006). The Fable of the Bees: American Entomologist. 52(3), 134-136. Retrieved from: http://tinyurl.com/ov2arlb
Keefe, P. (2012, Jan 9). Reversal of Fortune: A crusading lawyer helped Ecuadorans secure a huge environmental judgment against Chevron. But did it go too far? The New Yorker. Retrieved from: http://www.newyorker.
Rapoza, K. (2013, May 28). Activity Shareholders Want Chevron CEO Watson Fired. Forbes. Retrieved from: http://www.forbes.com/sites/
Rinkesh (2018). What are Environmental Ethics? Retrieved from: https://www.conserve-energy-
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