0
What is the term for conducting ourselves ethically and within the law of business practices?
Wiki User
∙ 7y ago
Add your answer:
Earn +20 pts
What are the major reasons behind we study the legal environment of business?
We study the legal environment of business to understand the laws and regulations that govern business activities, ensure compliance with legal requirements, minimize legal risks and liabilities, and protect the rights and interests of all stakeholders involved in business transactions. Understanding the legal environment also helps businesses make informed decisions, mitigate legal conflicts, and operate ethically within the boundaries of the law.
What type of business law deals with general employment practices?
Employment law deals with general employment practices, including issues such as hiring, termination, discrimination, workplace safety, and employee benefits. This area of law governs the relationship between employers and employees and ensures that both parties adhere to their legal rights and obligations.
Did Andrew Carnegie follow the law?
Andrew Carnegie faced criticism for his business practices which were seen as ruthless and exploitative, such as using anti-competitive tactics. While he may have followed the letter of the law, his business practices were often questioned for their ethics and treatment of workers.
What is required if one of the houses of Congress wants to conduct business in a location other than the capitol building?
A resolution passed by both houses of Congress is required for conducting business in a location other than the capitol building. This resolution must outline the details of the alternative location, duration of the session, and any necessary logistical arrangements.
What type of law does a Whistleblower attorney practice?
A Whistleblower attorney practices in the field of employment law, specifically focusing on representing individuals who report illegal activities within their organization, such as fraud, corruption, or safety violations, and protecting them from retaliation. They help whistleblowers navigate the legal process of reporting misconduct and ensure their rights are upheld under whistleblower protection laws.
How would you characterize an ethically effective culture?
An ethical business culture discloses problems with finances. It also ensures that its employees follow business practices on a regular basis.
How do businesses operate in an ethical manner?
A business operates ethically when managers don't put profits over customers. Another way a business can operate ethically is by disclosing all business dealings.
Is it true a business should be managed ethically to reduce employee turnover?
no
If the majority of companies strive to conduct their business ethically?
If most companies acted ethically in business dealings more customers would trust businesses. With more confident customers businesses will see more profits.
What are some of the ways unethical business practices can affect a business?
Unethical business practices can cause a business to lose the respect of other business wanting to do business with said company.
What is another term for a MLM business opportunity?
"MLM" stands for Multi-Level Marketing. Other terms for this are "pyramid selling", "network marketing", and "referral marketing". These forms are technically legal, if a bit ethically dodgy. The most nefarious and illegal forms of MLM business practices are called "pyramid schemes".
Why do regulations for business exist?
To ensure the company complies with the law and also to trade ethically
Should A business should be managed ethically to do the right thing for all stakeholders?
yes
How does ozone effect business practices?
Ozone does affect business practices. As ozone is depleting, the business of CFC's is going down.
Who sets the rules for conducting business in Congress?
The majority party wets the rules for conducting business in Congress.
Social responsibility of a business management to society?
Businesses have a social responsibility to act ethically. When businesses act ethically, they are able to increase their profits because more customers will choose to purchase from them.
The process of conducting business worldwide is a part of?
globalization
