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What are the guidelines to use in making ethical and socially responsible decisions?
The guidelines for ethical and socially responsible decisions in accounting are as follows:
- Identify ethical and/or social issue[s]
- Analyze options, considering both good and bad consequences for all individuals affected
- Make ethical/socially responsible decision in choosing the best option after weighing all consequences.
What else can I help you with?
Is the second card hold responsible for bill?
if you mean credit card, it is the responsibility of the PRIME (meaning the person in whose name the card is under) card holder, so it is only ethical that the second card holder pays their own charges,
Is evasion of tax ethical?
yes
What are the key reasons that records are important?
they meet legislative and regulatory requirements they protect the rights of the employees and public they provide the basis for effective decision-making they reflect historical significance they prove functional and ethical accountability preserve evidence of the organization, its function, policies, decisions, procedures, & operations serve as the memory of the organization
What is the need for and importance of ethical behavior?
Management should impose ethical standards so that consumers have confidence in their products and their business. When customers lack confidence, the business suffers.
From an ethical point of view big business is always bad business discuss the pros and cons of this statement?
from an ethical point of view big business is always a bad business.discuss the pros and cons of this statements.
Between being ethical and being socially responsible?
There is a huge difference between being ethical and being socially responsible. You do not need to be ethical to be socially responsible for example.
What is the definition of ethical trading?
Ethical trading, also known as ethical investing or socially responsible investing (SRI), involves making investment decisions based on both financial return and ethical considerations. This approach seeks to support companies that adhere to responsible business practices and align with the investor's values.
Why is it important for organisations to be ethical and socially responsible?
Being Ethical and Socially Responsible are extremely important for organizations. An organization that is known to be ethical and display solid socially responsibility to the society in which the company is working. Being Ethical means - doing the right thing and not doing anything illegal. Like not paying any bribe to government officials to get any permit or approval. Being socially responsible means - giving back to the society where we are operating. Like giving donations to charitable organizations around us.
What accuratley describes socially responsible investing?
When investors buy into companys with ethical practices they support
Are bill gates and Microsoft ethical and socially responsible?
Bill gates and Microsoft always do their best to give products and services that meet ethical requirements. Microsoft has initiated several projects that show they are indeed responsible.
Is price fixing fair ethical socially responsible?
Price fixing is when companies that have the same products in common come together to agree to a set price. Price fixing is fair and is in the best interest of being socially responsible by protecting the market from becoming a monopoly.
What term refers to standard of moral conduct?
Ethics refers to the standard of moral conduct that governs individual or group behavior. It involves distinguishing right from wrong and determining the actions that are good or bad. Ethics provide a framework for making ethical decisions and behaving in a socially responsible manner.
What duties might a medical ethicist perform?
A medical ethicist may assist healthcare professionals in making ethical decisions, develop institutional policies and guidelines on ethical issues, educate staff and patients on ethical principles, and conduct research on ethical dilemmas in healthcare.
What is an ethical problem and how can it be identified and addressed in various situations?
An ethical problem is a situation where there is a conflict between what is considered right and wrong. It can be identified by examining the actions and decisions involved to see if they align with ethical principles. To address an ethical problem, one can consider the consequences of different choices, seek advice from others, and adhere to ethical guidelines or codes of conduct.
What is social responsible investing?
Socially responsible investing is when you look to make money, yet with the good of a community, the world, or the environment in mind. It is to invest where you are also able to do some good.
Are Nigerian businessmen socially responsible?
Most Nigeria Companies are socially responsible based on the following categories.1. Obstructionist: These are firm that operates businesses that are illegal and unethical to the society. Robbery, Fraudulent .2. Defensive: These are firms that operates businesses that are legal but unethical to the immediate environment.3. Accommodative Approach: These are legal and ethical in their business4. Proactive Approach: These are business that are legal and ethical to the society by proactivel developing strategy that are use to solve problems.
What is the difference between ethical and moral decision-making?
Ethical decision-making is based on a set of principles or guidelines that are generally accepted by society, while moral decision-making is based on an individual's personal beliefs or values. Ethical decisions are often influenced by external factors such as laws or professional codes of conduct, while moral decisions are more subjective and can vary from person to person.
