Ethics and Social Responsibility. Chapter 4. Ethics in Business. Ethics – set of moral principles or values that govern behavior Managers must face sometimes difficult ethical decisions in business situations.
Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.
Adherence to the law
Product safety and quality
Health and safety in the workplace
Conflicts of interest
Staffing and marketing practices
Pricing, billing, and contracting
Trading in securities/using confidential information
Acquiring and using information about competitors
Payments to obtain bonuses
Protection of the environmentA Code of Ethics Content May Address the following:
Several laws and agencies were designed to protect consumers against unethical and unsafe business practices:
In th19th and early 20th centuries, business owners in the U.S. believe that their role was simply to maximize profits their companies earned. Social problems were not considered a legitimate business activity.