Exam (elaborations)
BUS 5115 Unit 5 Discussion Assignemnt
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A guide to Discussion Assignment Unit 5
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If you found a one-of-a-kind prototype of a revolutionary new mobile phone lying on apublic beach, what would you do with it? What would be the consequences of your chosen
action?
The first thing is to look around to see if there is someone who has dropped the phone. If there's
a person I would give them the phone otherwise I would report it to the police station and drop
the phone there. Not reporting the phone to the police station and taking someone's property is an
unethical and illegal activity. Furthermore, since it's a new prototype I should not disclose
information about the phone to others, especially to their competitors. Whoever developed this
product should get all the credits so I will refrain from taking the product and claiming it's mine
or disclosing information about the product.
Does the value of a parcel of land come only from the profits it can generate? If not, what
makes land valuable? Does it ever have any value that is not recognized by the law?
Actively research and address issues of sustainability in this context.
The value of the land depends on various criteria like the location of the land, surrounding
properties, and proximity to noise, air, or other types of pollution. These and other factors will
determine the price of a parcel of land. The development of municipal planning will affect the
value of the land. As land is a scarce and non-renewable natural resource assigning specific land
use, type of infrastructure, and service life will determine the economic value of the land
(Nooten, 2007).
Hence, conscious planning is required to fully utilize the land's value. This should also be seen
from a sustainability perspective. Sustainable land management is wise use of limited resource
specifically land to meet human needs while maintaining long-term socio-economic and
environmental functions of the land.
Sustainable land management tries to develop policies and procedures that integrated technology
to enhance land productivity, minimize deterioration, and create socially acceptable and
economically viable land use alternatives (Nooten, 2007). Most of these activities should be done
on a local level with landowners, farmers, and local administration to achieve the desired result.
Understanding the full potential and value of the land requires further technical and social
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