Business 1000 Chapter 4

Business 1000 chapter 4

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Unformatted text preview: • Ethics Business Ethics & Business Social Responsibility Social Social • Social Responsibility- Consequences of Actions Actions business’s • A business’s concern for the welfare of society as a whole society 4- 1 Professor Takada • More than legality • Values/Principles • Standards of moral behavior • Ethics begins with each of us Top U.S. 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 Unfair Treatment of Employees/Customers Securities and/or Bank Fraud Discrimination Producing Low-quality or Unsafe Products 0% Source: CMO Magazine, October 2004 10% 20% 30% 40% 50% 4- 2 60% Professor Takada Ways to Prevent Unethical Behavior Unethical Increasing Penalties for Offenders Employee Education Programs Publicity About Those Being Punished A Code of Conduct Adding Ethics Classes to College...
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This note was uploaded on 12/13/2010 for the course BUS 1000 taught by Professor Schnaars during the Fall '07 term at CUNY Baruch.

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