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.
17,151,617 questions answered
Popular Conversations
3(y+6)>2(y+4)
Weegy: Here are some characteristics of grace and forgiveness: patience, kindness, mercy, unconditional love, empathy, ...
8/26/2014 7:12:17 AM| 4 Answers
Which number is equivalent to the fraction 15/7?
Weegy: 1/100 is equivalent to 1%. 1/100 = 0.01 = 1% User: Find the LCM of 9 and 15. User: what is 180/10 reduced ...
8/26/2014 9:27:35 AM| 3 Answers
(x2 + 3x + 1)(x2 + x + 2) write your answer in descending powers of x ...
Weegy: 15x+2. If you are satisfied with my answer, please click 'Good' on the ratings. Thank you!
8/26/2014 10:57:24 AM| 3 Answers
What is Necrosis?
8/26/2014 12:27:04 PM| 3 Answers
Which of the following is not a group of people who influenced ...
Weegy: The answer is B. Celts. User: The Old English language relied on to communicate relationships between words. ...
8/26/2014 3:51:39 PM| 3 Answers
who is the president of mexico?
Weegy: The current US president is Barack Obama. User: fema Weegy: I will search you for the answer of fema exam if ...
8/26/2014 5:27:45 PM| 3 Answers
One of the most important ideas of “Ozymandias” is the a. ...
Weegy: One of the most important ideas of Ozymandias (a.) permanence of sculpted monuments. User: The question ...
8/27/2014 5:41:56 AM| 3 Answers
credibility
Weegy: Credibility refers to the objective and subjective components of the believability of a source or message. ...
8/26/2014 7:42:27 AM| 2 Answers
Weegy Stuff
S
R
L
1
1
P
C
1
P
1
1
L
P
C
P
C
1
P
C
L
P
C
1
P
C
P
C
Points 2324 [Total 23924]| Ratings 3| Comments 2294| Invitations 0|Offline
S
L
1
L
Points 1990 [Total 5966]| Ratings 7| Comments 1920| Invitations 0|Offline
S
L
C
P
C
1
L
L
Points 1859 [Total 15473]| Ratings 11| Comments 1749| Invitations 0|Offline
S
L
P
C
L
P
C
P
C
L
P
C
P
C
P
C
Points 1704 [Total 16731]| Ratings 5| Comments 1654| Invitations 0|Online
S
L
1
1
1
1
L
1
Points 1700 [Total 9407]| Ratings 2| Comments 1680| Invitations 0|Offline
S
L
P
C
P
C
1
L
P
C
L
P
C
P
C
P
C
P
C
Points 859 [Total 18430]| Ratings 0| Comments 859| Invitations 0|Offline
S
1
L
1
L
P
P
L
Points 503 [Total 11164]| Ratings 1| Comments 493| Invitations 0|Offline
S
1
L
L
Points 479 [Total 5043]| Ratings 0| Comments 479| Invitations 0|Online
S
Points 353 [Total 353]| Ratings 2| Comments 303| Invitations 3|Offline
S
Points 334 [Total 537]| Ratings 1| Comments 324| Invitations 0|Offline
Home | Contact | Blog | About | Terms | Privacy | Social | ©2014 Purple Inc.