Business Ethics

Also called corporate ethics, business ethics is a form of professional ethics or applied ethics that looks at ethical principles and ethical or moral problems arising in a business environment. It is relevant to the conduct of business organizations and individuals.

2,481 Questions
Job Interviews
Fast Food
Business Ethics

Goals in jollibee food corporation?

it is to overwhelmed the customer and also kids who really entertained

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Economics
Business Ethics
Ethics and Morality
The Difference Between

Difference between micro and macro ethics?

Macroethics is a new domain of ethics formulated by analogy with macroeconomics. Rather than addressing the rationale and effects of individual actions, it considers effects of entire social systems of morality, with particular attention to moral ironies and externalities. Most of Western ethics is micro in its approach. Aristotle addresses some macroethical issues; as do Mencius and Confucius, Aquinas and some other Catholic thinkers. Recently there are several contributions in the area, including a systematic framework for doing macroethics in Gowri's The Irony of Insurance (PhD diss, USC 1997, proposes that private insurance tends to reduce risk pooling within communities).

The world's best macroethicist is Joseph Furtenbacher, who says he wishes someone equal or better would show up so he can cut back on his 16/7 work schedule...

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Job Interviews
Job Applications
Business Ethics

How do you answer 'Describe your work ethic' in a job interview?

Describing Work Ethics in an Interview

Here are answers and suggestions from Wiki s contributors:

  • My experience with the phrase is that it describes one's level of commitment to a task/employer/course of study. Ability to go the extra mile, stay the course, persistence to achieve quality, finding resources when stuck, own the problems that arise, etc. Punctuality and showing up fall in there, too.
  • I try to learn the mission statement and vision of the organization that I am working for before I commit my time, my passion, and my energy to it. If I believe in the mission/vision statements and I am reasonably sure that the supervisors abide by most of it, I will give my time, my extra hours, and my positive attitude to the agency. I need to be able to transmit that mission even on the worst days and to remember that you must balance your love for work with your love for health and take time to reflect, relax, and play.
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Marketing Advertising and Sales
Business Ethics

Public and ethical issues in direct marketing?

· Irritation- many people do not like the large number of hard sell, direct marketing solicitations. Especially bothersome are dinnertime or late-night phone calls, poorly trained callers, and computerized calls by auto-dial recorded-message players.

· Unfairness- some direct marketers take advantage of impulsive or less sophisticated buyers or prey on the vulnerable, especially the elderly.

· Deception and fraud- some direct marketers design mailers and write copy intended to mislead. They may exaggerate product size, performance claims, or the retail price.

· Invasion of privacy- It seems that almost every time customers order products by mail or telephone, enter a sweepstakes, apply for a credit card, or take out magazine subscription, their name, address, and purchasing behavior maybe added to several company databases. Critics worry that marketers may know too much about consumer's lives, and they may use this knowledge to take unfair advantage.

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Small Business and Entrepreneurship
Business Plans
Marketing Advertising and Sales
Business Ethics

What is Google's business plan?

to acquire Exxon.

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Affiliate Marketing
Economics
Business Ethics

Dynamic comparative advantage arises from what?

learning-by-doing

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Relationships
Business Ethics

What should be women's social responsibilities in the modern society?

Where I came from good old' Texas women do not have social responsibilities for the simple and correct fact that they do not and should not have time. Women are for cooking, cleaning, and other house chores. Also why would a woman want to have friends and acquaintances when she has your husband and children that she needs to look after and feed and clean. Men have the social responsibilities because they are the ones that are out in the real world. Women are meant to aid the husband and also repay him with gratitude and thanks by giving him sexual desires. WOMEN ARE THE SECRETARIES, AIDS, AND HELPERS OF THIS WORLD.....THE MANS WORLD.

I think that the first contributor thought they were in the humor category. And if he is being serious, he omitted a quarter of the adult population in his 'theory'. He forgot that there are millions and millions of women who don't have husbands, not to mention the ones who have husbands who are useless (or in prison). He's relating a fantasy world that doesn't exist.

Women's social responsibilities in modern society are the same as for every citizen. They are responsible to live in a manner that doesn't infringe on the rights of others and obey the laws of the place where they live. If a person can contribute more than that it can be beneficial to their society and in turn for themselves.

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Celebrities
Business Plans
Business Ethics

How will you handle confidential company matters?

HOW WILL YOU HANDLE CONFIDENTIAL COMPANY MATTERS?

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Business Plans
Business Communication
Business Ethics

What is classical free electron theory of metal?

Classical free electron theory is modeled by drude - Lorentz to explian elctrical conductivity in metals. According to this free electron in a metal (valence electron) move randdomly at room temperature and these free electron are drifted in opposite to the direection of the applied electric field. This is repsonsible for the conduction. Here all the free elctron are are considered as equal in all aspect.

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Business Ethics
Corruption (Political or Economic)

What are the advantages of bribery?

Well, it can get you something you're not actually entitled to have. But if you get caught you can lose your job or even have to go to jail.

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Law & Legal Issues
Business Ethics

Manager who executed a legally sound decision?

Managers who executed a legally sound decision

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Small Business and Entrepreneurship
Business Ethics

Name some users of accounting information?

All businesses, organizations, and government agencies must use accounting information. These entities cannot run without money to pay for things like overhead, personnel, goods, services, etc. Also important is how much money there is to spend, how the money is spent, if there is profit or reserve, and if so, how much. Accounting information is how these needs are kept track of. This information is provided to the officials and personnel responsible for the money and financial transactions of the company, organization or agency.

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Mobile Phones
Business Ethics
Ethics and Morality

What is ethical behaviour?

Answer

Ethical behaviour is characterized by honesty, fairness and equity in interpersonal, professional and academic relationships and in research and scholarly activities. Ethical behaviour respects the dignity, diversity and rights of individuals and groups of people.

Answer

Ethical behavior is the standards that you hold for yourself of the attributes of honesty, responsibility, and how you treat others in all facets of your life. The same standards are applicable to whatever position you hold in commerce, in your

, and even behind your own doors where only you know what you do. Ethical behavior is applying these standards even when it is inconvenient to do so.

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Academic Writing
Business Ethics
Book Reports
Essays

How would you write a negative report on a customer who has a severely past due balance?

Reporting a customer (be it a person or company) to a credit bureau is often a last line of defense. Some customers need to be reported, there isn't any getting around it. I would suggest these things:

1. Check into your own Accounts Receivable practices.

-Are they in depth enough? Are we doing all we can possibly do to collect this account?

-How long do we wait? Most companies will require a bad debt to be 90 days old before it is written off.

2. Contact the proper Bureau.

-There are Equifax, Trans Union, and Experian. Each have different periods of debt and minimum reportable debt to be requested.

-Sometimes if the customer is a business you will need to contact the Better Business Bureau.

3. Black list the customer.

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Business Ethics

Who determines whether a business activity is ethical?

your conscience

as long as it feels right and not too evil

also if you're really stuck then just ask a REALLY GOOD person that knows whether the business activity is ethical

example : your family, a friend, your boss if he's not evil or just ask a random stranger (p.s. they must be good at knowing what is the right thing to do also)

if you're asking this question to do some business activity requested by your boss that you are unsure of whether it is ethical or not, then in doubt, ask your boss (you know unless he's evil), then ask your boss' boss if you have any

but if your boss requested that you DO so even if it seems unethical, well then that's up to you

Note : doing unethical stuff is NOT illegal but it may and most likely make you feel bad unless you're evil anyway

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Food & Cooking
Business Ethics
Ethics and Morality

What qualities contribute to developing a strong work ethic?

More than all other qualities combined? An adult level of maturity.

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Arizona Diamondbacks
Management and Supervision
Business Ethics

Why was Wally Backman fired as manager?

Wally Backman(sp?) was fired days after becoming the Diamondbacks skipper when issues surrounding his criminal and financial history surfaced in a New York Times article. The article detailed rumors of Backman's tastes for narcotics and fast women.

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Small Business and Entrepreneurship
Business Plans
Business Ethics

How often should a business plan be updated and why is updating a business plan necessary?

Updating a Business Plan

All business plans should be regularly updated - whether weekly, monthly, semi-annually or annually. Every 8-10 months is what the experts recommend, as long as things have remained fairly stable. A business plan should always be updated when there are any major changes taking place. For instance, is there new, formidable competition? Is there heightened merger and acquisition activity in the marketplace? Are there new technologies that need to be accounted for? Another sign it's time for a tune-up is when major changes have or are occurring in the internal situation. The most obvious changes are transfer in ownership, which is usually the result of dissolving partnerships, divorce, deaths and investment; or on a more ominous note, when a company suffers significant declines in sales, profits and financial health. Short-term problems may require immediate revisions.

The reasons for updating a business plan should be pretty obvious. Business plans are full of specific dates, budgets, forecasts and management responsibilities, which all need to be reviewed and measured against actual results. From there, adjustments can be made. If certain projections turn out to be inaccurate, for example, you can modify your objectives and action plans to reflect the new developments. For investors, the business plan is what they buy into. It becomes the benchmark for accountability. They intend to hold management responsible for achieving the goals and objectives that are outlined in the plan.

The key reasons for Mission Statements, Buisness Plans and Budgets (short term as well as long term) are to provide your company direction. The key question to ask is "if you don't know where you want to go, how do you know you are on the right track to get where you want to go?". the Mission Statement provides the overall direction and purpose of your buisness, the Business and Strategic Plans provides specifics as to where you want to go and how you plan to get there, and the Budgets but numbers to paper (for example, how much you expect to make and how much you expect to spend to achieve those revenue goals). The budgets are then used to monitor progress towards your short and long term plans.

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Business Plans
Business Ethics
Project Management

What are the disadvantages of indirect production?

high cost.....

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Investing and Financial Markets
Business Plans
Business Ethics
The Difference Between

Accountability and corporate social responsibility are the key concepts in corporate governance discuss?

I did a course on this a while ago, and am too lazy to get my notes, however I'll give some tips on this from what I recall.

Accountablity is a key concept. Accountability of the board, and accountability of the company to key stakeholders.

Key stakeholders range from shareholders and employees, to third parties.

Social responsibilty (a third party) is something the board might consider necessary in terms of strategy.

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Word and Phrase Origins
Business Communication
Business Ethics

What do you mean by grapevine communication?

It means gossip, usually gossip that spreads and covers a lot of ground (a lot of people), much like vines do.

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Business Communication
Business Ethics
Risk Management

What are the Problems of comparative management?

capital intensive

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Business & Finance
Business and Industry
Business Ethics

How important are business ethics?

Answer

- Cheaters never prosper. Eventually dishonesty catches up. Why risk it?

Ethics are also important to shareholders because lack of those ethics endangers the wealth of the investors.

If one is dealing with others one wants to feel that the persons one deals with have a certain degree of scrupels and Honesty. this aplies particularly in relationships developed in small business. Once this was considered important in politics and big business as well however ethical behavior is demonstably miissing in there parts of business relationships.
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Law & Legal Issues
Business Law
Business Ethics

Caveat venditor is a protection against caveat emptor. Discuss?

We are very familiar with the warning, let the buyer beware, but it is also true that vendors face risks as well. Checks can bounce.

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Business and Industry
Management and Supervision
Business Ethics
Project Management

What is the importance of management?

What is the importance of management education in management functions for any organisation?


The answer to this question is simply that supervisors and managers must not only have vocational, technical knowledge about their specialised field of operation in the organisation, but also knowledge about management functions and principles. The work component of any job rests on two pillars, namely technical work and management work.
The importance of management education, management development and management training cannot be over emphasised. Whether the knowledge about management principles is obtained through formal study programs at Universities or internally through on the job training or through external seminars or programs, it is of the utmost importance for any person in any job in life; even for the self-employed, entrepreneurs, Kings, Presidents of Countries, the richest people in life and even the lowest level of jobs.

Essential work environment elements to be managed:
The things or elements, which any person has to manage are:
1. Operations (actions)
2. Finance (money and resources)
3. People (human relations)
4. Information (needed information for wise decisions)
5. Time (your own and that of others)



The Importance of Management can be expressed as follows:-

  1. It helps in Achieving Group Goals - It arranges the factors of production, assembles and organizes the resources, integrates the resources in effective manner to achieve goals. It directs group efforts towards achievement of pre-determined goals. By defining objective of organization clearly there would be no wastage of time, money and effort. Management converts disorganized resources of men, machines, money etc. into useful enterprise. These resources are coordinated, directed and controlled in such a manner that enterprise work towards attainment of goals.
  2. Optimum Utilization of Resources - Management utilizes all the physical & human resources productively. This leads to efficacy in management. Management provides maximum utilization of scarce resources by selecting its best possible alternate use in industry from out of various uses. It makes use of experts, professional and these services leads to use of their skills, knowledge, and proper utilization and avoids wastage. If employees and machines are producing its maximum there is no under employment of any resources.
  3. Reduces Costs - It gets maximum results through minimum input by proper planning and by using minimum input & getting maximum output. Management uses physical, human and financial resources in such a manner which results in best combination. This helps in cost reduction.
  4. Establishes Sound Organization - No overlapping of efforts (smooth and coordinated functions). To establish sound organizational structure is one of the objective of management which is in tune with objective of organization and for fulfillment of this, it establishes effective authority & responsibility relationship i.e. who is accountable to whom, who can give instructions to whom, who are superiors & who are subordinates. Management fills up various positions with right persons, having right skills, training and qualification. All jobs should be cleared to everyone.
  5. Establishes Equilibrium - It enables the organization to survive in changing environment. It keeps in touch with the changing environment. With the change is external environment, the initial co-ordination of organization must be changed. So it adapts organization to changing demand of market / changing needs of societies. It is responsible for growth and survival of organization.
  6. Essentials for Prosperity of Society - Efficient management leads to better economical production which helps in turn to increase the welfare of people. Good management makes a difficult task easier by avoiding wastage of scarce resource. It improves standard of living. It increases the profit which is beneficial to business and society will get maximum output at minimum cost by creating employment opportunities which generate income in hands. Organization comes with new products and researches beneficial for society.
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