What would you like to do?
Are ethical behavior and legal behavior the same?
A business owner who was turned downed for a loan because it was to risky, had his accountant to change his accounting method from cach basis to accrual basis. Which he then applied for a laon with another bank (on the application there was a question that asked if he had been previously rejected for credit and he answered no). Is this business owner displaying ethical behavior or legal behavior and why?
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A lot of time in finance there may be opportunities where you may have ways to take 'shortcuts' in order to make more money or get ahead. Knowing the ethics allows you to deci…de whether these 'shortcuts' are legitimate or legal so that the decisions you make does not end up hurting your career.
Ethics are considered the moral standards by which people judge behavior. Ethical behavior is behavior that conforms to those accepted standards of social or professional beha…vior. Ethics often expressed by what is commonly considered the "golden rule": Do unto others what you would have them do unto you.
No. It resides in the realm of ones conscience. Nearly all people who act unethically first attempt to rationalize their bad behavior in order to salve their conscience for wh…at they realize is really wrong. In fact, whenever one employs rationalization, it is a sign that they know the behavior they are attempting to justify, is questionable at best, and probably dead wrong!
Ethical behavior is acting in a respectful way regarding basic moral principles like: equality, fairness, honesty, integrity, and respecting the dignity, diversity and rights …of other people. In essence, ethical behavior is integrity of actions in any given situation, as much when no one is looking as when the one has an audience.
ethical behavior is behavior that is appropriate for the work place. It is professional behavior. not goofy, or kid play.
Ethical behaviors are morally upstanding, and are generally the right things to do. An example might be when a person helps an elderly individual cross the street, or when… a person rescues a dog from a no kill shelter.
Ethical behaviour is not something which will come quickly if people do not already possess it. But, certain techniques can be applied to encourage ethical behaviour. These i…nclude: - For starters be a good role model as you can be a source of inspiration. If you do something others will also do it. - Give examples of how ethical behaviour has helped or can help others and yourself. - Speak truthfully and honestly about any information you may be providing to those you want to encourage. - Make sure you point out their good deeds and use them as an example to further encourage them or reward them for such deeds.
Answer Would you entrust your money to someone you thought was unethical? Would you risk heavy fines and possible jail time for skimming funds from a client? Peopl…e who work in finance are placed in a fiduciary position of trust; first, by their employers, if they're not self-employed, but more importantly, by members of the general public, over whose assets they are given control. Their daily business is directly working with other people's money, or doing other things that affect the public's investment decisions, and if they are unethical people, their clients, and the public, are at high risk for being cheated. Finance workers are entitled to reasonable fees for their services, but they are not entitled to engage in investment activity solely to generate more commissions for themselves, or engage in any other self-dealing while they are doing their jobs on behalf of their clients. And they have to exercise reasonable care when doing their jobs. Given the many scandals of recent years, many companies have done their best to publicize their codes of ethics, and to acknowledge their responsibility to the public. These firms know that public confidence in their finance people matters a great deal, and unethical behavior (or even the perception of such behavior)on the part of a firm means that people will stay away from that firm, and they may stay away from all the others as well. Here is an example of a firm's publication of its code of ethics: http://www.altruistfa.com/codeofethics.htm If your work in finance requires a license, such as a Series 7 or CPA license, you will find that you will be tested on professional ethics. Once you're licensed, you will be expected to abide by those rules. And God help you if, once you get your license, you are caught violating the rules (people get caught because smart customers complain). You could lose your license. Ethical lapses took down a major public accounting firm (Arthur Andersen). If those lapses are even perceived as widespread, that perception can potentially destroy an entire industry. That is why ethics are not merely relevant. On the contrary, they're vital to the existence of the industry. They're not optional.
he should be the one who looks for the interest of the others. values employees as people, respect is given for the whole person. doesn't play psychological games w…ith others. who focuses on the ultimate objective. should be committed to honesty, fair play and quality work.
The psyche of the person affects ethical behavior. Depending on how the person was raised their idea of ethical behavior could be different from the norm. It really just depen…ds on what types of ethics you are talking about.
Three general sets of factors do appear to influence the standards of behavior in an organization , the sets consist of individual factors , social factors, opportunities.
No. Ethics is the knowledge of what is right and wrong. The law is what your government tells you to do and not do. Many things, such as abortion, are legal, but are considere…d unethical by some. Added: Or persons who find 'loopholes' in the law that, although may make make their actions 'legal,' they are far from 'ethical.'
That depends on what a certain group considers unethical behavior. Some examples of illegal and unethical behaviors are murder, prostitution, embezzlement, identity theft, and… selling illegal drugs.
The washing of hands
The legal environment sets the normative standards of ethical behavior