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There has been a great deal written about managerial mischief, leading many to believe that business ethics is merely a matter of preaching the basics of what is right and wrong. More often, though, business ethics is a matter of dealing with dilemmas that have no clear indication of what is right or wrong.
2. Moral mazes. The other broad area of business ethics is "moral mazes of management" and includes the numerous ethical problems that managers must deal with on a daily basis, such as potential conflicts of interest, wrongful use of resources, mismanagement of contracts and agreements, etc.
Adapted from Complete Guide to Ethics Management: An Ethics Toolkit for Managers by Carter McNamara
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Two broad areas in the study of economics?
microeconomics and macroeconomics
In which two ways do business compete?
location of the business and merchandise
What ethics of two businesses can be .?
The ethics of two businesses can vary significantly based on their values, practices, and impact on society. For example, a company that prioritizes sustainability may implement eco-friendly practices and promote social responsibility, while another focused solely on profit might exploit labor or resources. Ethical considerations can include transparency, fair treatment of employees, and environmental stewardship, which can shape public perception and consumer loyalty. Ultimately, the ethical stance of a business can influence its reputation and long-term success.
What are two ways by which Government regulates business activities in a country?
Two ways the government of a country can regulate business is to enact new laws that influence business and raise or lower taxes.
What is the difference between a business plan and a budget?
A business plan is an overall look at a business that lists areas like product overview, marketing plan, action plan and it includes financial history (if any) and financial predictions; there fore a budget. So in terms of comparing these two in the same context, a budget is a subcategory of a business plan. when talking in general, a business plan gives a comprehensive look at a company and it's objectives, while a budget shows financial planning.
Two broad areas in the study of economics?
microeconomics and macroeconomics
What are the two broad areas of sociology as a science?
The two broad areas of sociology as a science are social structure, which focuses on the patterns of relationships among individuals and groups; and social dynamics, which examines the processes that shape behavior and interactions within society.
How business ethics and business law interact with one another?
Ethics is about what we should or should not do, what is moral or "right." Law tells us what we must or must not do, what is legal. A legal choice is not always a moral choice, and a moral choice may even be an illegal one. So, business law is influenced by business ethics, but the two are often at odds.
Which two areas of business generally attract the most small business?
There are two areas of business that generally attract a large number of small businesses - services and retail industry.
What are the two broad traditonal subject areas of geologic study?
The two broad traditional subject areas of geologic study are physical geology, which focuses on the processes and materials that form the Earth, and historical geology, which examines the Earth's history and how it has changed over time.
How many broad areas is geology divided into?
Geology is typically divided into two broad areas: physical geology, which deals with the materials and processes of the Earth's surface, and historical geology, which focuses on the Earth's history and the processes that have shaped it over time.
What are the two division of ethics?
general and special ethics
What are the functional areas of two different business organisations and how they link together?
sales & marketing
What is business to business transaction?
There are two broad categories of business defined by who the end customer is. Business to consumer - that is a personal customer, not considered in the context of being employed, and Business to Business where you may be selling to an individual who is representing a business. In a business to business context you may have a many to many relationship. But for business to consumer it is classically defined as one to one
What is meant by business?
There are two broad categories of business defined by who the end customer is. Business to consumer - that is a personal customer, not considered in the context of being employed, and Business to Business where you may be selling to an individual who is representing a business. In a business to business context you may have a many to many relationship. But for business to consumer it is classically defined as one to one
What is the purpose of a business two way radio?
Two-way radios can be a great advantage to a business as it allows staff to efficiently manage communication at work. This allows staff to be in constant contact with all areas of the business.
What is meant by business-to-business transaction?
There are two broad categories of business defined by who the end customer is. Business to consumer - that is a personal customer, not considered in the context of being employed, and Business to Business where you may be selling to an individual who is representing a business. In a business to business context you may have a many to many relationship. But for business to consumer it is classically defined as one to one
