Business ethics are concerned with accepted principles of right or wrong governing the conduct of business people. Identify and discuss the common examples of unethical decisions that business people have made
Unethical behavior often occurs when people decide to put their own interests ahead of those of the firm and its stakeholders. Common examples of unethical behavior include: Self-dealing—pursuing personal enhancements with company funds. Information manipulation—hiding or distorting information (usually negative) that would show how the company is really performing. Information is usually financial but may be nonfinancial (data that a company's products are harmful). Anticompetitive behavior—concerns a broad range of behaviors that limit competition and may harm customers. Opportunistic exploitation—occurs when managers of a company seek to unilaterally rewrite the terms of a contract with suppliers, buyers, or complement providers. Substandard working conditions—paying below market rates or under-investing in working conditions to reduce costs. Important issue in international operations. Environmental degradation—actions that directly result in pollution or other forms of environmental harm. Corruption—paying bribes to gain access to lucrative contracts or personal gain.
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Answer the following statements true (T) or false (F)
One hypothesis of agency theory is that management attempts to maximize its own welfare by minimizing the various agency costs arising from monitoring and contracting.
The order of presentation of activities on the statement of cash flows is
A) operating, investing, financing. B) operating, financing, investing. C) financing, operating, investing. D) financing, investing, operating.
What factor is likely to influence our own social categorization and attitudes toward others?
a. our heritage and family history *b. our own group identification c. the region of the world we grew up in d. our social economic status
As he entered his broker's office for the first time, the young associate professor was dazzled by its tasteful accoutrements and the offer of a double tall split shot skinny hazelnut latte
He knew his lottery winnings would be safe here, thanks to his: A) broker's conformance to specifications. B) broker's fitness for use. C) broker's support. D) own psychological impressions.