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Instructions:
BUS 624 Timko Legal and Ethical
This Final Paper is comprehensive reflection of the knowledge you have learned in this course. Thus, prior to beginning work on this assignment, review each of the chapters of the course textbook. Then, review the following case study:
For this class, The Timko Case Study Final Paper will apply toward Port folium. Be sure to upload your paper to Port folium once you have completed it and share a link in your submission in addition to uploading it to Waypoint to be graded. Learn more about Port folium by viewing the Port folium Introduction (Links to an external site.) video and the Port folium Quick-Start Guide (Links to an external site.).
Timko Case Study
Timko, Inc. is a publicly traded corporation located in Denton, Texas that makes and sells high pressure industrial spraying equipment used in all sorts of commercial liquid spraying applications. It prides itself on top quality and promotes its products as “100% made in the USA”.
Sales have been declining recently due to competition from lower priced competitors and Timko is looking for ways to reduce costs. One option under consideration is to find a new source for the high-pressure valves used in its products.
These valves are complicated mechanisms that operate under very high internal pressure. If the valve was to burst, it would spray pieces of metal in all directions and pose a significant hazard to anyone standing nearby including the operator of the equipment. Timko currently has a contract to purchase 1,000 valves a year at $2,500 per valve from Blaga Industries, a small privately owned business located in Boone, North Carolina. The contract has been in place for three years and has two more years to run.
Blaga Industries has a dozen employees. Timko is its primary customer. If Blaga Industries loses Timko’s business, it will have to lay off employees and might even go out of business.
Timko is considering outsourcing the valves from Sanco, an overseas supplier in the country of Saravia, instead of buying valves from Blaga Industries. The Sanco valves only cost $1,000 each, but are known to be of lower quality than the Blaga Industries valves and are more likely to burst. Sanco can supply these valves at such low cost because they pay their workers, including children, less than the equivalent of $5 per day and work them long hours in hot, dangerous conditions.
Saravia is a poor country, but it has a large government bureaucracy and there is a lot of red tape involved in getting approval to export manufactured goods to other countries. In fact, it might take more than a year for Sanco and Timko to obtain the necessary approvals for Sanco to export the valves to Timko. Fortunately, the CEO of Sanco is related to the Saravia Minister of Commerce and has told Timko that the necessary approvals can be obtained in less than a week if Timko makes a $20,000 “gift” to the Saravia Minister of Commerce.
In addition to finding a new, low-cost valve supplier, Timko plans to increase sales by running a new marketing campaign that focuses on their commitment to American made quality. The tagline will be “Made in the USA by Americans, for Americans.”
You are a high-level executive at Timko. Analyze the legal and ethical issues presented by the Timko scenario. Your legal and ethical analysis should include breach of contract and remedies, negligent torts, product liability, the Foreign Corrupt Practices Act, and deceptive advertising and should incorporate a discussion and application of one or more of the ethical theories from Chapter 4 of the course textbook Business law: The Ethical, Global, and E-Commerce Environment.
Your legal and ethical analysis should,
Analyze breach of contract and remedies
Analyze negligent torts
Analyze product liability
Analyze the Foreign Corrupt Practices Act
Analyze deceptive advertising
Incorporate a discussion and application of one or more of the ethical theories from Chapter 4 of the course textbook Business Law: The Ethical, Global, and E-Commerce Environment.
The Timko Case Study Final Paper
The Theories from Chapter 4
Rights theory, Justice Theory, Utilitarianism theory, shareholder theory, and virtue theory.
Must be eight to ten double-spaced pages in length (not including title and references pages and formatted according to APA style as outlined in the Ashford Writing Center’s APA Style (Links to an external site.) resource.
Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
For further assistance with the formatting and the title page, refer to APA Formatting for Word 2013 (Links to an external site.).
Must utilize academic voice. See the Academic Voice (Links to an external site.) resource for additional guidance.
Must include an introduction and conclusion paragraph. Your introduction paragraph needs to end with a clear thesis statement that indicates the purpose of your paper.
For assistance on writing Introductions & Conclusions (Links to an external site.) as well as Writing a Thesis Statement (Links to an external site.), refer to the Ashford Writing Center resources.
Your legal analysis should follow the IRAC method introduced in Week 1.
Must use at least seven credible sources in addition to the course text.
The Scholarly, Peer-Reviewed, and Other Credible Sources (Links to an external site.) table offers additional guidance on appropriate source types. If you have questions about whether a specific source is appropriate for this assignment, please contact your instructor. Your instructor has the final say about the appropriateness of a specific source for a particular assignment.
Must document any information used from sources in APA style as outlined in the Ashford Writing Center’s Citing Within Your Paper (Links to an external site.) guide.
Utilize correct APA formatting for legal sources include case law and legislation. See the Citing Legal Sources (Links to an external site.) resource from the Ashford University Library as well as the Citing Legal Materials in APA Style (Links to an external site.) from the University Library of California State University, Stanislaus for assistance.
Avoid over-dependence on direct quotes. Direct quotes are a great way to strengthen our assertions and provide support. However, be sure to avoid using excessive direct quotes in lieu of original thought. Direct quotes will not meet the requirement for analysis, application, and critical thinking. Please ensure to not overuse direct quote so that you can avoid losing points for this.
Must include a separate references page that is formatted according to APA style as outlined in the Ashford Writing Center. See the Formatting Your References List (Links to an external site.) resource in the Ashford Writing Center for specifications.
BUS 624 Timko Legal and Ethical
RUBRIC |
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Excellent Quality 95-100%
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Introduction
45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Literature Support 91-84 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned. |
Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met. |
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Average Score 50-85% |
40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided. |
83-76 points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration. |
52-49 points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met. |
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Poor Quality 0-45% |
37-1 points The background and/or significance are missing. No search history information is provided. |
75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration. |
48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met |
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BUS 624 Timko Legal and Ethical |
BUS 624 Timko Legal and Ethical