Chapter 4 notes - Chapter 4 Ethics in International...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4 Ethics in International Business Business ethics - the accepted principles of right or wrong governing the conduct of business people Ethical strategy - a strategy or course of action that does not violate the accepted principles Common ethical issues : employment practices, human rights, environmental regulations, corruption, and the moral obligation of multinational corporations Foreign corrupt Practices Act - US law regulating behavior regarding the conduct of international business in the taking of bribes and other unethical actions Convention on Combating Bribery of Foreign Public Officials in International Business Transactions - Organization for Economic Cooperation and Development convention that obliges member states to make the bribery of foreign public officials a criminal offense Social responsibility - the idea that business people should consider the social consequences of economic actions when making business decisions Ethical dilemma - a situation in which none of the available alternatives seems ethically
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

This note was uploaded on 12/04/2011 for the course MKT 310 taught by Professor Tunga during the Summer '10 term at Michigan State University.

Page1 / 2

Chapter 4 notes - Chapter 4 Ethics in International...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online