When corruption occurs it damages the reputation of the employees and the business. Society relied upon this firm to assist in making them money but the firm was more concerned with their bottom line. Many of the individuals doing business with these firms lost their life savings and destroyed some of the trust that investors have with the Wall Street firms. It makes people have second thoughts about investing in the stock market. Another effect this unethical behavior had on these organizations been they agreed to pay a penalty of over $1.43 billion dollars as compensation to the victims.
Break Breaker Inc. to some extent obey with some legal rules, but failed to comply with principles of morality and community, contribute to the society by producing honest high quality services, and account the consequence of damaging their reputation. I think that Solomon’s argument is fairly accurate, but everyone’s views are different on this. Some actions may be acceptable to some but unacceptable to others. Ethics provides the bigger picture in the business life and it must be understood. In my opinion, nothing is more dangerous to a business than a bad public image caused by being unethical.
But if the amount left aside isn’t as much as the price of the building the business will have to use money from elsewhere. This will mean that another expense will not be paid. If the expense is not paid it will mean that the business will be in debt and the business will have to find a way to find more money or run the risk of going bankrupt. A way the business can do this is by getting rid of some of their members of staff to cut the amount spend on
There is also the impact on our economy. Because so many businesses have chosen to use illegal aliens, if the United States deported them all at once it could create a negative economic impact due to our dependence on illegal
The offenses are harmful to not only businesses in the United States of America but to the world of business as a whole and are unacceptable. If the law had been in place, many shareholders would have been safeguarded but numerous investors lost their lifetime savings by company insiders. The corporate world is a much more secure place with regards to investing with all of the changes and modifications which are now enforced. I still think there are other actions which can be taken to protect shareholders even though the modifications have significantly improved the procedure. Businesses must develop an ethical balance so as not to take advantage of unknowing shareholders who have invested their lifetime
Would the jobs lost in the closing be the only effect? Explain. The closing of the Coca cola industry would affect the town’s economy because this jobs needs more and more employees so in one way it would affect the people too and another way is that people won’t get the benefit that they were getting, and it would also ruin other business. No the jobs will not be the only problem because of the closing it would also affect people, industries, business, and more.  Give an example, not from the text, of an industry that is likely to locate close to inputs and explain.
Affects of Drug Abuse According to Berger (2008), drug abuse is the ingestion of a drug to the extent that it impairs the user’s biological or psychological well-being. Substance use, misuse, or the enslavement thereof can result in monetary issues not merely for the family and friends of the individual abusing the substance but the company for which the individual works also takes a major hit. The negative consequences that impacts the individual who attempts to perform their job while under the influence of any mind altering drug is staggering. The website for the National Council on Alcoholism and Drug Dependence, Inc. (n.d.)[NCADD] estimates that drug abuse costs employers $81 billion annually. According to the NCADD (n.d.) the following job performance and workplace behaviors may signal possible workplace drug issues: Job Performance •Inconsistent work quality •Poor concentration and lack of focus •Lowered productivity or erratic work patterns •Increased absenteeism or on the job “presenteeism” •Unexplained disappearances from the
P6 There are many different ways people or the environment can be a victim of crime; Businesses can be a victim of crime but the most common crime against businesses is theft, theft can come from a citizen or most of the time it’s someone within the company who steals from them. This effect them because they lose out on profit and some companies have to have set targets to meet at every month or year and if the company report the theft they go through insurance so it cause the amount of money they pay into the insurance and in some cases causes some business to close down. Another type of theft is copyrighting (illegal downloading) a lot of people lose out on profit then artist, producer, shop. Criminal damage is also cause business
Provides facts that addiction treatment promotes economy, not waste. It cost the economy more in the long run to treat the consequences of addiction, because of the problems associated with continued use of drugs or alcohol. This results in major funding loses, which affect our economic status. Addicts or alcoholics who continue to use without receiving treatment cost the government greatly; having to put more money into jails, institutions, and costing damage to major health insures. These are the resulting consequences towards economic status when an alcoholic, or addict goes untreated.
He states that the real problem in our safety net is that people really do cheat on welfare or use their benefits in appropriately. Mostly people have been proven to be financially ineffective at best and irresponsible at worst. It would prove beneficial to our system if there was drug testing of some sort for TANF applicants in order to weed the ones who are scamming our system and as far as something like this being put into place this one isn’t as bad as some possibilities. This program will probably turn out to be just as bad an investment as the other states programs that have cost tax payers millions of dollars with out doing much to reduce the burden of welfare. At least this one encourages participants to get help.