Category: Ethics
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The Evolution of Business Ethics
Abstract The case study contains the answers to the questions based on the book of Daniel Terris. In his book, Terris deliberates the history of commercial ethics in the United States since the late 1800s with admiration “to anti-competitive practices, seeking unfair advantage through immoral arrangements with suppliers and public officials, failing to adhere to…
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Business Ethics and Corporate Social Responsibility: When Corporate Values Must Be Upgraded a Few Notches
The business realm has always been famous for its competitive and uncompromising environment, as well as the unethical avenues that some businessmen undertake in order to profit within the shortest amount of time. However, in the XXI century, with the advent of corporate social responsibility (Hanson, 2010, October 1), the emphasis seems to have been…
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Financial Reform Ethics: Dodd-Frank Wall Street Reform
Table of Contents Introduction Historical background of the legislation Political effects of the legislation Social and ethical effects of the legislation on business Conclusion Works Cited Introduction Passed by the Congress on June 30, 2010, Dodd-Frank Wall Street reform is a landmark legislative alteration to financial supervision which was signed into law by President Barack…
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Importance of Corporate Responsibility and Ethics
Table of Contents Introduction Main body Conclusion Work Cited Introduction Corporate social responsibility (CSR) allows the society or its participants to account financially when there is a certain involvement of the monetary values or assets of organization. Financial accountancy provides us with many dimensions to identify and communicate issues of public interest to both internal…
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PharmaCARE: Ethical and Legal Issues
Ethical Issues Just like other products, marketing of pharmaceutical products requires adherence to ethical principles, as indeed, it directly influences human health (George & Stephen, 2008). The case of PharmaCARE entails improper and unethical drug marketing and advertising techniques that predispose patients to critical health complications. PharmaCARE implemented poor packaging and substandard recycling to introduce…
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Ethics at Workplace and in Professional Life
Ethics: Definition Ethics has been explored from a range of perspectives and, therefore, has a number of definitions. The concept of ethics can be viewed through the lens of numerous ethical theories, including Utilitarianism, Deontology, Relativism, to name just a few (Butts, 2015). However, most theories agree that the essence of ethics can be summarized…
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Companies Ethics: Concepts and Cases
Table of Contents The Problem of Exploitation The Issue of Bribery The Issue of Nepotism Professional and Ethical Issues Works Cited The Problem of Exploitation Many companies exploit their employees by paying them poorly. Some companies also fail to provide their employees with the best working conditions. The problems of exploitation and child labor are…
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Volkswagen Emissions Scandal and Business Ethics
Summary of the Situation On September 18, 2015, the U.S. Environmental Protection Agency made a notice of violation addressed to the company of Volkswagen (Environmental Protection Agency, “Notices of Violations: Volkswagen” par. 1). The Agency accused the German car manufacturer of breaking the American car emission standards. It was found out that the diesel vehicles…
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The Necessity of Standards: Ethics and Integrity
Table of Contents Introduction The Necessity of Standards in Corporate Ethics Program Implementation Conclusion Reference Introduction As the company moves forward in expanding its reach into various markets through merger and acquisition it is important to take note of the necessity of integrating a standard set of ethics and integrity into daily operations. The reason…
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Business Questions: Ethical Conduct
Good morals are very crucial to the success of any organization. No individual, society or organization will attain its goals and objective if they do not adopt good behaviors. Most organizations have their code of conduct that defines ethical and unethical behaviors. However, it is important to note that there is a difference between codes…