Unit%206%20-%20Assignment%201[1]

Nonetheless the effects of being morally or ethically

This preview shows page 3 - 5 out of 5 pages.

Nonetheless, the effects of being morally or ethically deficient proves critical in the volatility of the United States and Global markets because of the long term effects associated in the long run of that behavior. William Shaw (2008). “Pressure to conform to the group and to adhere to its norms and beliefs can lead to the surrender of individual moral autonomy. This tendency is enhanced by the fact that group actions frequently involve the participation of many people. As a result, responsibility for what an organization does can become fragmented or diffused throughout the group, with no single individual seeing him-self or herself as responsible for what happens”. For example, the global market or many times the small companies which see the upside in gains within the US market fail to realize that we also have economic downturns. David Ricks (2006)
Image of page 3

Subscribe to view the full document.

expresses that “Since most foreign investors in the United Sates do not have their stock listed on U.S. markets, they seldom make an acquisition through stock swaps. This means that they are usually forced to borrow money.” Unethical business behavior has a longstanding effect on both national and global business markets and its volatility. And the lack of those principles played a key role in the demise of the Great Moderation moving to the wayside. Nowadays it is well known that the United States government stepped in and put forth approximately $11 trillion in stimulus monies. They have committed or invested a sum nearly equivocal to the United States debt of $15 trillion. For example, companies like American International Group (AIG), Citi Group, General Motors, Bank of America, U.S. government bond purchase, the Economic Stimulus Act of 2008, Unemployment benefits, and many more have received bailout funds from the government (Goldman, 2009). In today’s business world the government is overstepping its boundaries by intruding into the financial matters of our economy. If the government had an inkling regarding financial management then it may not prove as detrimental as it has thus far. Conversely, the federal
Image of page 4
Image of page 5

{[ snackBarMessage ]}

Get FREE access by uploading your study materials

Upload your study materials now and get free access to over 25 million documents.

Upload now for FREE access Or pay now for instant access
Christopher Reinemann
"Before using Course Hero my grade was at 78%. By the end of the semester my grade was at 90%. I could not have done it without all the class material I found."
— Christopher R., University of Rhode Island '15, Course Hero Intern

Ask a question for free

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern