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Ethics: Choosing Between Right and Wrong

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He was so excited that he went to see his friend Mr. Fox to tell him the good news. ... Fox: I was doing just fine until the farmer realized that someone was stealing ... – PowerPoint PPT presentation

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Title: Ethics: Choosing Between Right and Wrong


1
EthicsChoosing Between Right and Wrong
2
EthicsChoosing Between Right and Wrong
  • Written by Sharon Mwansa
  • Delaware Tech SIFE Team
  • Spring 2003
  • SIFE Students in Free Enterprise

3
EthicsChoosing Between Right and Wrong
  • Two friends want to buy themselves new
    skates. Each friend has a different idea about
    how to raise money to get the skates.
  • In this book, you are to choose which idea is
    the best idea. You should remember that there is
    always an easier way of getting what you want
    however, it may not be the right way!

4
Guidelines
  • To get the most from this lesson, please do
    the pre-test first. Follow by reading the book
    and answering the post-test questions. We hope
    that at the end of the book, you will have
    learned what it means to be ethical, and the
    price that you must pay when you are unethical.

5
Pre-Test
  • What is a contractor?
  • a. A person who writes contracts
  • b. A person who is hired to do a job
  • What is a profit?
  • a. The amount earned above the cost for your
    product or service
  • b. The cost to offer the product or service
  • How do you calculate a profit?
  • a. Profit revenues expenses
  • b. Profit revenues expenses
  • 4. What does it mean to be ethical?
  • a. Being clever
  • b. Doing the right thing

6
MR. FOX LEARNS HIS LESSON
  • Meet Mr. Turtle and Mr. Fox. They have been
    friends for a long time. One day we caught them
    having the following conversation

7
  • Mr. Turtle I want to start a business to raise
    money to buy skates, but I have no money.
  • Mr. Fox What kind of business do you want to do?
  • Mr. Turtle Since I have no money to set it up, I
    thought I would go down the stream and ask the
    farmer if he needs a contactor to help him
    harvest his crops.
  • Mr. Fox Oh no thats a bad idea. I will not work
    to get money when all I have to do is wait for
    the farmer to go to sleep and steal his crops and
    sell them. He will not see me, and I do not have
    to work.
  • What is a contactor?
  • A person who is hired to do a job.
  • Whose idea is the best idea?

8
  • The next day Mr. Turtle went to see the
    farmer. The farmer was very excited about the
    turtles idea to help him out. I can definitely
    use some help, said the farmer. I will pay you
    9 for every acre of crop you harvest, and I want
    you to help me harvest 20 acres of the crop.
  • Mr. Turtle could not believe his luck,
    but he had one problem. How could he harvest the
    crop by himself? He decided to ask his friend
    Fox to help him, but Fox did not want to help him
    because he was making easy money stealing.
  • How much will Mr. Turtle make for
    harvesting 20 acres at 9 per acre?

9
  • I know what I am going to do, said Mr.
    Turtle. I will ask the elephant to help me do
    the harvest. He is stronger and bigger, so
    harvesting will be easier for him. So Mr. Turtle
    went to see the elephant.
  • Mr. Turtle Hi elephant, I have a contract to
    harvest crops for the farmer. I will pay you 3
    for every acre you help me harvest.
  • Elephant Work is hard to come by. I will help
    you, but only if you pay me 4 per acre.
  • Mr. Turtle That is great! We can start tomorrow.

I know what I am going to do, said Mr.
Turtle. I will ask the elephant to help me do
the harvest. He is stronger and bigger, so
harvesting will be easier for him. So Mr. Turtle
went to see the elephant. Mr. Turtle Hi
elephant, I have a contract to harvest crops for
the farmer. I will pay you 3 for every acre you
help me harvest. Elephant Work is hard to come
by. I will help you, but only if you pay me 4
per acre. Mr. Turtle That is great! We can start
tomorrow.
10
  • Points to remember when starting a business
  • Starting a business requires planning, setting
    a price for the product or service and finding a
    place from which to operate. At the end, the
    business needs to make a profit
  • Mr. Turtle planned the job and decided it
    would take 20 days to complete. He plans to
    harvest 1 acre per day.
  • He plans to charge the farmer 9 per acre
    and will operate from the farmers place. At the
    end of it all, he expects to make a profit.
  • 1. How much will Mr. Turtle receive at the end
    of the job?
  • 2. How much will he pay the elephant?
  • 3. How much profit will Mr. Turtle make?

11
  • Mr. Turtle and the elephant worked very hard.
    At the end of the month the farmer paid him 180,
    which is his revenue. He gave the elephant 80,
    his expense. He had 100 left for himself, the
    profit. Now he has the money to buy the skates.
    He was so excited that he went to see his friend
    Mr. Fox to tell him the good news.

12
  • When Mr. Turtle reached the foxs home, he
    found him with a broken leg and arm.
  • Turtle What happened to you
  • Fox I was doing just fine until the farmer
    realized that someone was stealing his crops and
    set a trap. I got caught in the trap and hurt
    myself. I am lucky to be alive.
  • Turtle It is not right to steal. I hope that you
    have learned your lesson. I finished doing the
    harvest, and I made 100 profit. Now we can go
    and buy the skates. They cost 40 each. Since you
    are my friend, I will buy skates for you too and
    still have 20 to put in my savings account.
  • Fox I should have listened to you. From now on I
    will be ethical and will not take what is not
    mine.

13
Because of Mr. Turtle's wise decisions, the two
friends are able to enjoy their new equipment.
14
Post-Test
  • What is a contractor?
  • a. A person who writes contracts.
  • b. A person who is hired to do a job.
  • How do you calculate a profit?
  • a. Profit revenues expenses
  • b. Profit revenues expenses
  • What does it mean to be ethical?
  • a. Being clever
  • b. Doing the right thing
  • How much profit did Mr. Turtle make? Calculate by
    using the formula that you chose from Question
    Number 2.
  • Whose idea is the best idea to raise money, and
    why do you think so?
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