Student Should't Use Cell Phone in School

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1. Understanding what is meant by business ethics It is indeed a delicate balancing act to ensure that a firm is exhibiting ethical and socially responsible behavior, is not polluting the environment, and is providing appropriate financial returns for its shareholders. What do we mean by business ethics? Well, ethics is the study of right and wrong and the morality of the choices individuals make. So business ethics naturally follows as the application of moral standards to business situations. Ethical situations arise in business every day, wherever two or more parties make transactions or develop relationships. Each party wants and expects certain results from the transaction or relationship. In some situations, the appropriate ethical response is clear, but in many situations, it is less so. (LO 1 ends) 2. Identify the types of ethical concerns that arise in the business world Common ethical issues fall into four broad categories. First, fairness and honesty mean that businesspeople are expected to refrain from knowingly deceiving, misrepresenting, or intimidating others. Second, businesspeople must not put their personal welfare above that of other people or of the organization. Third, businesspeople should avoid real or perceived conflicts of interest. And fourth, businesspeople must be careful that their communications, often in the form of advertisements, do not mislead. (LO 2 ends) 3. Discuss the factors that affect the level of ethical behavior in ethical organizations Several factors affect the level of ethical behavior in organizations. These factors fall into three groups: individual factors, social factors, and opportunity factors. Individual factors include a person’s level of knowledge about an issue and his or her own moral values, attitudes, and personal goals. Social factors include cultural norms as well as the actions and
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