You have new items in your feed. Click to view.
Question and answer
theoretical approaches to business ethics
Business Ethics - the study and evaluation of decision making by businesses according to moral concepts and judgments. [ Ethical questions range from practical, narrowly defined issues, such as a company's obligation to be honest with its customers, to broader social and philosophical questions, such as a company's responsibility to preserve the environment and protect employee rights. Many
ethical conflicts develop from conflicts between the differing interests of company owners and their workers, customers, and surrounding community. Managers must balance the ideal against the practical—the need to produce a reasonable profit for the company's shareholders with honesty in business practices, safety in the workplace, and larger environmental and social issues. Ethical issues in business have become more complicated because of the global and diversified nature of many large corporations and because of the complexity of government regulations that define the limits of criminal behavior. For example, multinational corporations operate in countries where bribery, sexual harassment, racial discrimination, and lack of concern for the environment are neither illegal nor unethical or unusual. The company must decide whether to adhere to constant ethical principles or to adjust to the local rules to maximize profits. As the costs of corporate and white-collar crime can be high, both for society and individual businesses, many business and trade associations have established ethical codes for companies, managers, and employees. Government efforts to encourage companies to adhere to ethical standards include President Clinton's Model Business Principles (1995), in a program overseen by the Dept. of Commerce. ]
Expert answered|gunzstah|Points 0|
Question
Asked 7/22/2012 4:56:26 AM
0 Answers/Comments
Get an answer
New answers
Rating

There are no new answers.

Comments

There are no comments.

Add an answer or comment
Log in or sign up first.
27,219,224 questions answered
Popular Conversations
Add and simplify: 9/16 + 1/2=?
3/26/2017 12:13:00 PM| 3 Answers
Who is the Father of Modern Taxonomy
3/26/2017 5:59:22 AM| 1 Answers
If there is a discrepancy in patient information, a healthcare ...
Weegy: If there is a discrepancy in patient information, a healthcare professional should be sure to DOCUMENT the ...
3/26/2017 8:42:03 AM| 1 Answers
The National Response Framework is:
3/26/2017 10:10:34 AM| 1 Answers
Weegy Stuff
S
Points 602 [Total 703] Ratings 0 Comments 602 Invitations 0 Offline
S
Points 540 [Total 540] Ratings 0 Comments 540 Invitations 0 Offline
S
P
P
L
P
Points 224 [Total 1542] Ratings 1 Comments 214 Invitations 0 Offline
S
R
Points 205 [Total 305] Ratings 1 Comments 145 Invitations 5 Offline
S
P
P
L
P
P
Points 175 [Total 1627] Ratings 1 Comments 165 Invitations 0 Offline
S
Points 30 [Total 40] Ratings 3 Comments 0 Invitations 0 Offline
S
Points 14 [Total 14] Ratings 1 Comments 4 Invitations 0 Offline
S
P
P
Points 14 [Total 744] Ratings 0 Comments 14 Invitations 0 Offline
S
Points 13 [Total 13] Ratings 1 Comments 3 Invitations 0 Offline
S
Points 11 [Total 11] Ratings 0 Comments 11 Invitations 0 Offline
* Excludes moderators and previous
winners (Include)
Home | Contact | Blog | About | Terms | Privacy | © Purple Inc.