BUS 201 Lecture 3: BUS 201- Chapter 3
14 Jan 2016
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Bus 201: chapter 3 conducting business ethically and responsibly. Ethics: what is right and wrong, fall somewhere along a continuum, different people see it differently. Ethical behaviour: behaviour that conforms to individual believes and social norms and what is right and good. Unethical behaviour: behaviour that individual belief and social norms define as wrong or bad. Managerial ethics: referred to as ethical or unethical behaviours by a manager or employee of a business. Ethical and legal guidelines states hiring and firing decisions should be based solely on the ability to perform a job. Ethical issues also arise with respect to employee behaviour toward employers expense of the employer. Conflict of interest occurs when an activity benefits an employee at the. Ethical issues arise with employees stealing supplies, padding expense accounts, and using company phones to male long distance calls. Ethical disputes of ten arise in the relationship between a company, its customers, competitors, stockholders, suppliers, dealers, and employees.
