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MT220M2-2: Apply an ethical approach to a global business decision. In the Module 2 Assessment, you will read a scenario and then apply an ethical approach to address a business problem. Ethics are typically subtly embedded in various business decisions that you may encounter on the job. Being able to make the right decision in line with personal and company ethics is a critical skill and one that can impact both the individual’s and the company’s legal liability. Scenario: You are the owner of a small U.S. based coffee distributor, and you often source products from other countries where coffee beans are produced. Recently, you received an email from an international labor group alleging that some of the local middlemen you use to purchase coffee beans are unfairly compensating the small bean farmers for their crops. The labor group asks that your company only purchase certified fair-trade coffee beans so that you have assurance that the farmers with smaller operations will receive fair market value for their crops. Members of your management staff are concerned that certified fair-trade certified beans are often more expensive, which could increase your overall import costs. However, you also consider your long-standing relationships with the local middlemen in the coffee market, as they can often access coffee bean crops that other buyers cannot. To aid you in your decision-making process, research the fair trade certification and its implications. You will also want to review the Learning Activity 3 entitled “Ethical Approaches” to learn more about Consequentialism, Non-consequentialism, and Virtue Ethics. Assignment Checklist: · Identify which of the three ethical approaches presented in Learning Activity 3 would be most likely to guide your actions in this situation. Explain your reasoning. · Explain three considerations that will influence your decision as to what to do next. These could be financial, operational, ethical, or legal. · Describe how you will explain to the international labor group your next steps. Include detailed supportive reasoning. · Utilize at least three external sources as part of your research. Sources might include your textbook, an academically credible website, or any other scholarly resource found in the university library. Only sources cited within the body of the paper should be included in the reference list. · Your informative essay should be a minimum of 500 words and include a title page, introduction, main body, conclusion, and APA-formatted reference list. For assistance writing a paper or formatting a reference list in APA format, please see the “Academic Writer” link under “Academic Tools.”