Ethical and legal obligation of business Introduction Business ethics: It is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in business environment. It applies to all aspect of business and is relevant to the conduct of individuals and entire organization. Ethics is mainly concerned with what is good versus bad‚ what is right versus wrong. Deontology is an ethical theory that holds that actions are right or wrong independent
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1. ETHICS‚ VALUES‚ AND ATTITUDES Ethics is a set of beliefs about right and wrong behaviour. Ethical behaviour conforms to generally accept social norms. Ethics is a philosophical study of the moral value of human conduct and of the rules and principles that ought to govern it. A social‚ religious‚ or civil code of behaviour considered correct‚ esp. that of a particular group‚ profession‚ or individual. Under this is: * A virtue is a Habit that inclines people to do what is acceptable.
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Do most companies have an obligation to create and enforce a code of ethics? Explain why or why not. What are some specific code of ethics mentioned in the text and readings? Most companies are not obligated to create and enforce a code of ethics but it is in the best interest of the company that they do. Companies are not obligated simply because it is up to them how they enforce rules of the company. According to the text “Most professional organizations have detailed codes of conduct that specify
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Samantha St.Upery Ethics Essay ETH/316 August 7‚ 2014 Mrs. Mona Ristovv Ethics Essay Utilitarianism ethics accentuates that the activity that should be ethically beneficial to the group. In further terms‚ the outcome of any moral activity ought to be valuable for all by mass offer. This is a universal fundamental theme for ethics in industrialist economies and business as well as in all governments. Virtue Theory is also known as virtue ethics focal point on the person’s character as
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Ethics MGT/498 September 26‚ 2013 Ethics In business there will always be the line to act with integrity or to lie‚ cheat‚ and steal. Famous author Douglas Adams once said‚ “To give real service you must add something which cannot be bought or measured with money‚ and that is sincerity and integrity” (Heathfield‚ n.d). The priority of any business is to serve the needs and wants of the customer and more important his or her stakeholders. Any business decision made in major corporations must
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answer in… (Ans: space below) Then choose if statement is true or false (1pt ea) Total points (3pts) 6. (Blank) at the top levels of an organization report feeling the most pressured to compromise their ethics. Ans: Mangers Response: See page 4. 7. The interest in (blank) ethics is just a fad that has only recently been created by popular scandals (i.e. Enron‚ WorldCom‚ etc.) reported in the news. Ans: business Response: See page 7. 8. According to the authors‚ most people are
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MAURICE A. MCKOY TRIDENT UNIVERSITY CASE STUDY 2 Case Study Business Ethics In the past there have been several cases in the business environment related to the practices of accountants and auditors who have violated the trust and confidence of public. A number of researches have been conducted to find the potential factors resulting in unethical‚ biased or inappropriate decision making and judgments by the professionals. The aim of this paper is to review two academic articles and conclude
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Effective Technical and Human Implementation of Computer-based Systems (ETHICS) ETHICS is an acronym‚ but the name of this approach is meant to imply that it is a methodology that embodies an ethical position. ETHICS‚ is a methodology based on the participative approach to information systems development. In addition‚ it encompasses the socio-technical view that for a system to be effective the technology must fit closely with the social and organisational factors. In particular‚ this means
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Articles on Ethics by Dr. Shiv Gupta Submitted to Dr. Shiv K. Gupta by Ritu Malhotra In partial fulfillment of course requirement for MBA 630 (51) Marketing Management & Planning The University of Findlay 09-03-2013 Summary of the article: Dr. Shiv Gupta’s article published on The Wall Street Journal‚ dated March 8th 2004 highlights
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)‚ Handbook of socialization theory and research. Chicago‚ IL: Rand McNally. * Rest‚ J. (1986). Development in judging moral issues. Minneapolis‚ MN: University of Minnesota Press. * Trevino‚ L. K.‚ & Nelson‚ K. A. (2007). Managing business ethics: Straight talk about how to do it right. New York‚ NY: Wiley. * Jones‚ T. M. (1991). Ethical decision making by individuals in organizations: An issue-contingent model. Academy of Management Review‚ 16‚ 366–395. * Weber‚ J. (1990). Managers’ moral
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