Some acts, such as cheating on taxes, clearly shows that it violates the integrity and ethics.

Salim, an entrepreneur who owned a flooring sales business often sold sheets of linoleum at first-quality prices, even though they were graded as “seconds” by the factory. To hide his deception, he developed an ink roller that changed the factory stamp from “SECONDS” to read “SECONDS TO NONE!”

This shows that Salim has a highly ethical attitude.

Money is important, and it can be the only goal of interest. Violating all the laws and good attitudes and showing a lack of integrity just to gain more profits for the business is the best way to have a successful business.

What is ethics?

An individual’s culture, demographics, and the social context in which it occurs, determine whether a particular behavior is seen as being ethical or unethical.

Ethical behavior is behavior that conforms to individual beliefs and socials norms about what is right and good.

Unethical behavior is behavior that individual beliefs and social norms define as being wrong and bad.

Business ethics is a term often used to refer to ethical or unethical behaviors by a manager or employee of an organization.

Ethics are vary from one person to person, from situation to situation, and from culture to culture.

The following statements are an example of where the firms have taken steps to encourage ethical behavior in the workplace. Which one of the statements is untrue?

Johnson’s and Johnson, McDonald, and Burger King, have adopted written codes of ethics that formally acknowledge their intent to do business in an ethical manner.

The functions of a written code of ethics are:

i. To increase public confidence in a firm or its industry.

ii. To improve external operations.

iii. To respond to problems that arise as a result of unethical or illegal behavior.

iv. To aid in self-regulation – follow the government regulation

WXL Co ordered several thousand dollars of spare parts from its suppliers just as it was filing for bankruptcy, knowing that it would probably not have to pay for the merchandise because of this legal protection.

This can cause unfair and harmful to others.

To act with integrity, an individual must not consider the welfare of others.

Trust is one of the seven principles of business integrity, and it is at the core of a company.

Follow-through also means being transparent about potential problems that might affect the timing or the end result.

The overall way in which a business attempts to balance its commitment to relevant groups and individuals in its social environment including customers, employees, investors, suppliers, and local and international communities – these individuals and groups are known as stakeholders.

The business is responsible to treats its stakeholders fairly and honestly. which of the following are the stakeholders of the business?

Corporate Social responsibility is the injection of harmful substances into the environment.

Many companies must now install special devices to limit the pollutants they expel into the air. This is one of the ways to control ...

The responsibilities to customers fall into two categories. There are ...

“.... is the form of social activism dedicated to protect the rights of consumers in their dealings with businesses.

A company can refuse to hire someone because of ethnicity or pay someone a lower salary than someone else on the basis of gender.

A business should be accurate in assessing future growth and profitability and should avoid sensitive areas such as ....

A/an ...... is an approach to social responsibility by which a company if especially asked to do so, exceeds legal minimums in its commitments to groups and individuals in its social environment.

Obstructionist Stance is an approach to social responsibility that involves doing as little as possible and may involve attempts to deny or cover up the violation/wrongdoing.

Defensive Stance is an approach to social responsibility by which the company actively seeks opportunities to contribute to the well-being of groups and individuals in its social environment