Week 1 Individual Assignment-doc - Running head BUSINESS...

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Running head: BUSINESS ETHICS PERSPECTIVE 1 Business Ethics Perspective Krystal Harson MGT216 May 31, 2010 Kenna Fowler
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BUSINESS ETHICS PERSPECTIVE 2 Business Ethics Perspective Business ethics do not only effect internal operations of a business but society as a whole. Members of society are faces with the consequences of unethical business practices every day. Some people are subjected to the "bait and switch" while others are subjected to price gouging or other predatory business practices such as subprime adjustable rate mortgages. Business Ethics Ethics can be defined as the knowledge that one possesses that differentiates between right and wrong (Collier, 2001). According to Jane Collier, "business ethics reflect the variety of normative perspectives to be found in pluralistic societies such as rights, responsibilities, duties, interests, and virtues" (Collier, 2001, Para. 1). Businesses are expected to operate in an ethical
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