COB Notes Chapter 4 - 26 Pay someone off to close a...

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Introduction to Business Chapter 4 Ethics More than legality Standards are fundamental Ethics begin with each of us Top US Ethical Issues Improper Accounting Practices Deceptive Sales/ Marketing Practices Conflicts of Interest Lying on Reports/Falsifying Records Dishonesty with customers Lack of Public Trust in Corporate America Bribes and Kickbacks Ethics of MBA Students Percent of MBA students who would: Buy sock on inside information 52 Reveal Corp. Secrets to Spouse/Family 50 Let a Gift Sway Purchasing Decision
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Unformatted text preview: 26 Pay someone off to close a business deal 13% Codes of Ethics Compliance-Based Integrity-Based Steps to Improve US Business Ethics 1. Top management support 2. Employees’ understanding 3. Managers’ training 4. Ethics office 5. Outsider must be informed 6. Enforcement of ethics code Most Admired Global Companies 1. General electric 2. Toyota 3. Procter & Gambel 4. FedEx 5. Johnson & Johnson 6. Microsoft 7. Dell 8. Berkshire 9. Apple 10.Wal-Mart...
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