0
Why do you think that many firms establish ethics policies but do not enforce them?
Wiki User
∙ 14y ago
For greed of money, more profitabilty or quick money returns
Wiki User
∙ 14y ago
Add your answer:
Earn +20 pts
How some government policies can assist and others constrain the growth of small firms?
how government policies can assist or others constrain the growth of small firms in zimbabwe
What are some of the oversight responsibilities that PCAOB has over external auditors?
(1) register public accounting firms; (2) establish, or adopt, by rule, "auditing, quality control, ethics, independence, and other standards relating to the preparation of audit reports for issuers;" (3) conduct inspections of accounting firms
Should a stock exchange enforce some governance standards on the firms listed on the exchange?
Yes and they do enforce rules and guidelines for all firms that are listed in an exchange. Companies that do not meet the standards are first warned and then delisted for inconsistencies.
What are the ramifications of a paralegal dating clients of law firms?
check your law firms policies on dating clients.
Practical problems firms face due to the changing business environment with regards to reward policies?
What are the practical and theoretical problems firms face due to the changing business environment with reguards to reward policies
What ethics apply to an accounting firm that offer other firms with accounting services?
The accountants and CPAs of an accounting should always practice sound moral judgment while delivering accounting services to other firms. Thus, the key ethics apply to an accounting firm are integrity, objectivity and independence and due care.
Should a stock exchange enforce some governance standards on the firm listed on the exchange?
Yes and they do enforce rules and guidelines for all firms that are listed in an exchange. Companies that do not meet the standards are first warned and then delisted for inconsistencies.
What is the purpose of farm management firms?
to establish output goals, determine financial constraints, and monitor production and marketing. Farm management firms often handle the financial business of client farms
Is a balance of trade surplus beneficial for a country?
other countries will enforce protectionist policies to protect domestic firms and control imports from surplus countries also as a surplus increases AD the multiplier effect can increase AD futhur more. if an economy cannot increase output to match this new demand inflationary pressure occurs as prices are increased
C Should firms behave ethically?
Yes offcourse. Executives of most major firms believe that firms do try to maintain high ethical standards in all of their business dealings. Furthermore, most executives believe that there is a positive correlation between ethics and long-run profitability. Conflicts often arise between profits and ethics. Companies must deal with these conflicts on a regular basis, and a failure to handle the situation properly can lead to huge product liability suits and even to bankruptcy. There is no room for unethical behavior in the business world.
What is the relationships among objectives strategies and policies?
Long-term objectives and strategies are products of strategy formulation. Short-term (annual) objectives and policies are products of strategy implementation. Firms should translate long-term objectives into annual objectives. Similarly, strategies should be supported with clear policies.
What is the global impact of business ethics?
Ethics are actually set of moral values that span across the world; however, ethics vary depending on the culture you are dealing with. The concept of Business Ethics has not been around much, until recently corporate realized that only profit is not what matters for survival. As I mentioned about the deep relationship between culture and ethics, Business ethics do have a deep impact on a Global Level. Corporate firms functioning on different spheres and parts of the globe have Business Ethics depending on the culture of their prospective destination. It is based on the ethics and principles followed by the firm that determines their treatment of society and its environmental resources. However, the thing works other way round too as there are several environmental and cultural factors that have a long-term effect on Business Ethics.
