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Unformatted text preview: e-Handout Business & Professional Ethics No. 14 Dr. David E. McClean Three Myths of Business Myth One: Business Ethics is an Oxymoron Business is part of human culture and society. As such, it is obliged to follow norms of conduct. The idea that Business Ethics is an oxymo ron really aids and abets the myth that business and the rest of culture can be separated, with the former carried out in a fictional amoral public space. Myth Two: Business is About Profit The notion that business is about profit is based on a skewed, though apparently plausible assessment of commercial activity. A commercial transaction is an exchange of goods one kind for another, in most cases. One good might be money and the other a commodity or service. The exchange has to do with a need or a want of some kind. The business enterprise exists to satisfy a need or a want. A successful business enterprise will generate repeat patrons, those who customarily return to the business to satisfy a particular need or want. The stability of the business, as well as the growth of the business to satisfy a particular need or want....
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- Spring '08