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If the majority of companies strive to conduct their business ethically, why is there a need to create laws? How are ethics different from the law? How are ethics and the law the same? Support your
answer with real-world examples.
Ethics are a personal or social standard that other's "should" live by. These are effected by environmental and influential experiences and what one perceives to be ethical. [ Laws differ from ethics because they are a specific set of standards one MUST comply to in order to keep things peaceful and orderly. Laws are set forth because not everyone is ethical and they need some sort of
guideline to prevent chaos. ]
Expert answered|J_ME_|Points 30|
Asked 4/5/2011 4:40:13 PM
Updated 8/30/2013 5:27:17 PM
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If a company does not adhere to business ethics and breaks the laws, they usually end up being fined. Many companies have broken anti-trust, ethical and environmental laws and received fines worth millions. The problem is that the amount of money these companies are making outweighs the fines applied. Billion dollar profits blind the companies to their lack of business ethics, and the dollar sign wins.
A business may be a multi-million seller, but does it use good business ethics and do people care? There are popular soft drinks and fast food restaurants that have been fined time and time again for unethical behavior. Business ethics should eliminate exploitation, from the sweat shop children who are making sneakers to the coffee serving staff who are being ripped off in wages. Business ethics can be applied to everything from the trees cut down to make the paper that a business sells to the ramifications of importing coffee from certain countries.

In the end, it may be up to the public to make sure that a company adheres to correct business ethics. If the company is making large amounts of money, they may not wish to pay too close attention to their ethical behavior. There are many companies that pride themselves in their correct business ethics, but in this competitive world, they are becoming very few and far between.
Added 8/30/2013 5:27:17 PM

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What differentiates the act of grouping people from the act of stereotyping? How can stereotyping affect group relations? Provide an example of a stereotype you find in your everyday life.
Weegy: Grouping implies more of an objective reason for assembling people together. You might place people in a group according to age or race. Those are easily discernable characteristics that can be used to draw group lines. [ Stereotyping usually involves placing people in a group according to characteristics that they might not possess. More often, stereotyping assigns characteristics to groups according to common assumptions about the groups such as black people like watermelon and fried chicken or Mexicans are sneaky and lazy. Stereotyping can have a great impact on group relations if people judge those in other groups based on stereotypes instead of basing their judgements on the reality they experience with a particular person. For example, let's say that I'm a white kid who likes to play baseball but I don't want to play with my neighbor who also likes to play baseball because he is black and I've heard that black kids don't like white kids and they are all in gangs and kill people. Let's say the black kid next door doesn't want to be my friend because he has heard that all white kids don't like black kids and they burn crosses and hang the black kids if they can catch them. That's stereotyping. Grouping and stereotyping can both be legitimate in some instances. Stereotyping more often is not accurate. ] (More)
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Asked 3/29/2011 4:30:27 PM
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Review the following scenario. Deana recently decided to start attending college, but her family is criticizing her decision. They argue that she should focus on working so she can start earning money. When she begins school, they fear she will not have as much time to spend with family. Her family worries that college will change Deana and that she will become too mainstream. As the first person in her family to pursue higher education, Deana thinks her family members have prejudicial attitude ...
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Updated 5/16/2011 3:36:49 PM
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how would you address your familys criticims of and attitudes about higher education?how would you disel their fears and try to convince familt members that going to college is a worthwhile endeavor?
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Asked 3/29/2011 5:07:44 PM
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Write a description of a business scenario, either real or fictional, that depicts each of the following forms of business organization: o Joint-stock company o Limited liability company o Partnership
Weegy: I started my Lemonaide Stand as a sole proprietorship. I bought the lemonade, I made, I sold the Lemonaide. I got all the profits. If I spilled the Lemonaide - I took all the loss. I was very successful and made a lot of Lemonaide - and money. [ But I got tired of selling Lemonaide 10 hours a day. I needed help. I asked my big sister if she would work for me for 75 cents an hour. She said: No way shrimp, if I'm in this deal, it's 50/50, or nothing at all. So, we formed a partnership. But it was 60/40 since it was my idea. I put up 60% of the money, Sis put up 40%. I worked 6 hours a day, she worked 4. I took in 60% of the profit, she got 40%. With this help, my business was growing faster and we were making money like crazy. Mom, Dad, Grandma, and Crazy Uncle Eddy all wanted in on the action. However, none of them wanted to actually work directly on the business. So, we formed a limited liability company. Each of them put up a $1000 investment, and we built Lemonaide stands all over town. We hired the neighborhood rug rats to sell lemonaide. As profits came in, Mom, Dad, Grandma and Crazy Eddy got their share. We were ready to go national, but we needed a loan of $100,000. We went to the bank, but they bank said: "No way! You're just a bunch of snot nosed kids! You've got no assetts!" So, we put our heads together and formed a joint-stock company. We also made the stockholders liable for debts - in other words, we used their houses as collateral. Now when we went back to the bank - they said: "Sure - no problem. If you don't make good - we'll just swoop in and grab your houses!" With $100,000 we were ready to go national. At the last minute, we realized: Most people prefer coffee to lemonaide, so we switched. And that is, more or less, how Starbucks got started. ] (More)
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