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Sometimes it is the greed of its owners and executives, but more often it results from declines in sales or increases in costs -- illegal and unethical activities can provide an easier way to maintain a company's profitability, and therefore the salaries of its operators.
The primary goal of any business is to provide revenue, as the profit is what enables the business to stay in operation and pay its bills and its employees. However, a company is expected to observe laws and regulations, and its customers further expect to be treated fairly.
In ideal economic conditions, a business can prosper with less difficulty, providing money to its owners and even to expand its operations. Stock companies can pay dividends to their shareholders.
But many things can work against a company, including increased competition, product obsolescence, legal costs, higher expenses, new taxes, and higher labor costs. To cover these costs, a business may find that certain shortcuts are more attractive than dealing with difficulties in a forthright manner. Some of these methods include doctoring its accounting data, overcharging or cheating its customers, failing to fund retirement plans, using cheaper labor, using inferior materials, or falsifying safety documents. These and other actions are unethical, and some are illegal. Some may cause further loss of revenue and some may present an actual danger to workers and customers.
Although there are civil and criminal laws to help prevent these abuses, many are not revealed until an incident causes harm, or until the company fails completely.
What else can I help you with?
Why do businesses choose to service international markets?
pickles
What Are The Primary Reasons Small Businesses Ask For Financing?
Small businesses borrow for four principal reasons: 1. Commencing a business 2. Buying inventory 3. Growing the company 4. Strengthening the firm. Businesses choose different types of financing with respect to the intended purpose.
Classes of partnership?
There are numerous different kinds of partnership organizations, or classes, that businesses can choose. Examples include Limited Partnerships and Limited Liability Limited Partnerships.
Why business choose between good ethics and financial benefits?
Businesses choose between good ethics and financial benefits because they fail to recognize that practicing ethically results in financial benefits in the long run. In other words, they make such choices when they are short-sighted.
Is it possible to run an LLC from home?
Yes, it is possible to run a Limited Liability Company (LLC) from home. Many small businesses choose to operate as an LLC from a home office to reduce costs and simplify operations. However, it is important to comply with local zoning laws and regulations regarding home-based businesses.
Why a business might choose to act unethically?
because ther being a hemis
Why does media behave unethically?
Media may behave unethically due to various pressures, including the pursuit of profit, competition for audience attention, and the demand for sensationalism. In some cases, journalists might prioritize speed over accuracy, leading to the dissemination of misinformation. Additionally, biases, conflicts of interest, and the influence of advertisers can compromise editorial integrity. Ultimately, these factors can contribute to a failure to uphold ethical standards in reporting.
Why do managers behave unethically?
Managers may behave unethically due to pressure to meet performance targets, a desire for personal gain, or a lack of accountability within their organization. Additionally, they may rationalize their actions by believing that unethical behavior is commonplace or that it will not have significant consequences. A toxic corporate culture can also contribute, where unethical practices are normalized or overlooked. Ultimately, these factors can lead managers to prioritize short-term success over ethical considerations.
The ability to cause others to behave as they might not otherwise choose to do?
The ability to cause others to behave as they might not otherwise choose to do is manipulation.
An organization that does not fulfill its philanthropic responsibilities is behaving unethically?
An organization that does not fulfill its philanthropic responsibilities is behaving unethically
Can you choose some solids that behave as a liquid and explain why they do this?
Can you choose some solids that behave as a liquid and explain why they do this? Is jelly a solid that behaves as a liquid?? and is it because they arent very strong.
How do you account for the gap that sometimes occurs between knowledge of ethnics and being an ethical person?
It is possible to know what the ethically right thing to do is, and yet out of selfishness to choose to act unethically. This is not unusual.
Why do businesses choose to service international markets?
pickles
What is the importance of cost accounting?
Cost accounting helps businesses manage their product's cost better. With knowledge about how costs behave businesses can respond accordingly, so that they can make a profit.
What is importance of cost accounting?
Cost accounting helps businesses manage their product's cost better. With knowledge about how costs behave businesses can respond accordingly, so that they can make a profit.
How may ethical business practices minimize regulation from government agencies?
Where companies are believed to be acting unethically, the public is more likely to put pressure on legislators and other government officials to regulate those businesses or to enforce existing regulations.
What would cause a broker act unethically?
People may act unethically at times and brokers are not immune. The problem could be financial, personal, or any number of reasons requiring more money.
