Chapter 11. Ethics in Business and Social Responsibilities

Chapter 11. Ethics in Business and Social Responsibilities. SSC MCQ Question Ans. Ethics in Business and Social Responsibilities. The main objective of the business ethics and social responsibility of businesses, yet the profit Adhere. Businesses and business entrepreneurs in the business community as a member of society and social values and Ethics and keeping a positive attitude and to cherish. In this chapter, we are in the business ethics and social Will learns about the various aspects of accountability.

Chapter 11. Ethics in Business and Social Responsibilities

The values and ethics of the two words are almost inseparable. Jnanabodha and behavior that society considers valuable and exemplary values of the person to be called. Human values and moral values of right and wrong, just wrong, to distinguish between good and evil to come. This man lives, good and gracious to the instruction. From evil, justice, religion, from sin, truth from falsehood, impropriety in the separation or the ability to calculate the moral conscience comes from. A beautiful happy society and for the people of the moral imperative to follow the Code of Conduct.

IMPORTANCE OF BUSINESS ETHICS

According to the American Management Association, 56 percent of surveyed participants ranked ethical behavior as the most important characteristics of effective leaders. Americans have witnessed firsthand the destruction that occurs when corporations do not behave ethically. Businesses who conduct themselves in an ethical manner pass their values, morals, and beliefs down to the employees and customers. The effect can be felt throughout the community, which has a profound impact on local schools, community centers, and other groups. Companies such as Enron, Tyco, Adelphia, and WorldCom are classic examples of what can happen when corporations disregard or neglect the importance of business ethics. A company’s ethical behavior can build or destroy Main Street USA.

ACCOUNTING INFORMATION ETHICS

Accountants are held to a high level of ethical standards that are set by the Public Company Accounting Oversight Board. Accountants, who handle large sums of money, are most vulnerable in scandals such as Enron and are the first line of defense for protecting the public’s interests.

Business and Accounting Ethics – An academic overview of the importance of ethics in the accounting industry.

Role Of Ethics In Accounting – A resource portal for accountants, which outlines the role of ethics in accounting.

Ethics In The Accounting Profession: A Study – An in-depth study of the ethical standards of CPAs.

HUMAN RESOURCE MANAGEMENT ETHICS

Human resource managers play an essential role in applying ethical principles throughout the corporation. Human resource managers set an example for the rest of the company, as ethical behavior trickles down from the managers, supervisors, employees, and customers into the local community.

Ethical Challenges in Human Resources – James O’Toole to the Markkula Center for Applied Ethics Business and Organizational Ethics Partnership discusses the challenges of ethical behavior in HR.

Why ethics is HR’s issue – An article that discusses why Human Resource Managers need to be concerned with ethics in the workplace.

The Ethics of Human Resources and Industrial Relations – A book by John W. Budd, ILR Press (Pub. September 2005)

MARKETING AND SALES ETHICS

The marketing and sales industries are particularly prone to ethical dilemmas due to the fact that companies must utilize an aggressive marketing strategy due to the capitalist nature of our economy. Ethics should be the most important aspect of any marketing campaign as consumers flock to ethical and responsible companies. Additionally, consumers begin to spread the word about said company or service.

Understanding Marketing Ethics – Provides a thorough review of ethics in the marketing industry and how it can be applied to each stage of the selling process.

Ethics in Marketing: A Collection of Articles – A collection of articles about ethics in the sales and marketing industry.

PRODUCTION ETHICS

While the production and manufacturing industries are focused on providing goods, the manner in which they do so can impact the company’s reputation. It is vital that these companies hire legal workers, provide adequate wages, and are community-oriented. The ethical treatment of production workers is essential for companies who strive for social responsibility.

Production Ethics Resources – Provides various resources on ethics throughout the production and manufacturing industry.

Sharon Stoerger’s Business Ethics – A collection of resources relating to the production industry.

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