This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: Chapter 2 Alternate Assignment : 1) How does a law come to be an expression of an ethical principle? Ethical practices are not something that should be adhered to at a businesss discretion. Over time, certain laws are established that require that all companies to maintain a set of minimum moral standards. These laws become an expression of ethical principles. The laws send a clear message that any ethical behavior that does not meet the minimum standards will be legally prosecuted. The required level of ethical behavior or the moral minimum, not only protects the clientele, but the businesses as well. For instance, the Enron Corporation had dramatically failed to meet any sort of ethical principles and eventually went bankrupt. Since then, higher standards have been legally mandated by establishing the Sarbanes-Oxley Act of 2002. By setting the right ethical tone, the law can discourage companies from immoral practices....
View Full Document