Business Ethics ( Business Law)
Business Ethics are a set of moral principles, that are established by corporations for rules and regulations. Ethics is the discipline dealing with what is good and bad and with moral duty and obligations. Such as employee theft and fraud, dishonesty and loafing on the job, substance abuse, absenteeism. Ethics are moral duties that many people use every day, ethics are the rules or standards principal of conduct how people live life and make decisions.
Understanding ethics is observing what you accept as true and then think about how you would alter those beliefs when tested. Ethics aids us in establishing between what is right and what is wrong. Many times people are tested every day and struggle with
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Alcohol can also impair people’s ability from establishing between what is right and what is wrong. When committing adultery theft ,fraud
,dishonesty ,substance abuse and absenteeism. Would all play a part in the ethical violation of adultery. The code of business ethics is a combination of ethics and business. Business Ethics are a set of moral principles, that are established by corporations for rules and regulations. Such as employee theft and fraud. Fraud and theft have a lot in common. Both are criminal acts, and both are forcibly taking something from others without asking permission. However; business have come up with ethical values to maintain structure and integrity of the corporation. Theft means to take someone else’s property, either secretively or by force. In business, theft is to take or keep more than what is due such as salary, fines or payments or taking excessive benefits. Fraud occurs in the workplace when deceit or scam by one or more employees causes or ,may cause the employer or employee to lose property, money, or a valuable security or any service. This generally happens when employees steal merchandise or products from the company.
Ethics or rather morals entail mechanisms that defend, systematize as well as recommend conceptions of right or wrong. Many organizations develop ethical codes to ensure employees and employers understand the difference in doing good or bad. In that respect, ethics are an essential aspect of successfully running of any organization or government. Ethics ensure employee’s productivity levels are up to the required standards. It also assists them to know their rights and responsibilities. Additionally, employers, as well as any persons in management, are guided by them to ensure they provide transparent leadership. Ethics also defines how customers should be handled. Ethical codes govern the relationship between customers and an
The first being what I believe is one of the important that have been displayed. The company works on a honesty policy when it comes to filling out timecards. Each employee is to hand write in their own hours each day they work then sign and date the timecard at the end of each time period. I noticed on my first day at the company that almost every employee had signed their timesheet and dated it the last day of the pay period even though they had not completed their timecards or worked the hours. Some of the employees even went as far as completing their hours with their scheduled hours instead of the hours worked. Now this may not seem like that big of a deal however, what if the employee ends up missing a day and forgets to adjust their timesheet then allowing them to be paid for hours they did not actually work. Or in the case I witnessed the employee worked more hours and then went into overtime but didn’t want to be paid overtime pay and was trying to figure out how to adjust her timesheet to reflect the extra hour of work. Altering a time sheet, falsifying information, is one of the top examples of not only poor ethics but also lines the illegal column of the
When running a business ethics plays an important role in the success of the business. “Ethics is the study of those values that relate to our moral conduct, including questions of good and evil, right and wrong, and moral responsibility” (pg. 2). Every individual will have a different set of moral codes. Moral codes are shaped by your personality, environment and religion. In this scenario and throughout this paper you will come to understand how our moral code of ethics plays a role in our daily decisions.
information it not only causes financial damage but also impacts the victim's reputation. In order
Ethics is a doing and learning experience which causes us as humans to keep an open mind to change. Generally, ethics ask us to live mindfully, to think how we act and even how we feel or do things, which can change the outcome. Sometimes we go down certain roads, which may be harder or make things more complicated or complex instead of making an easier option we just take the easier way out, usually the way that calls for
Ethics deals with actions with adequate standard of attitudes, behavior that is pleasing to the people or organizations. Every job has a code of ethical conduct that is supposed to be is followed. It is very necessary to understand that ethical rules must apply and obey with basis of what is right and wrong which is written in the law. That is why there are professions that have organizations or associations which have the method of ethical conducts or standard.
Theft is a broad category but there are other charges that are listed as separate charges, but are under the “Theft” umbrella. Some of the other
Employee Theft Employee theft is something that is dimensional, and many people a number of times have failed to appreciate this. Whereas some individuals knowingly are involved in this activity, others unconsciously participate in it. There are various degrees of employee theft that is not widely understood. One of the most predominant white-collar crime turns to be when employees steal from their employers (Bassett, 2008). Unsurprisingly, from the viewpoint of employers, such delinquencies are at the center of white-collar crime problem.
Some of the common causes of unethical behavior in the workplace are: 1) extreme emphasis on profits, 2) loss of corporate loyalty, 3) fixation on personal advancement, 4) probability of not getting caught, 5) immoral quality set by top management, 6) indecision about whether act is wrong, and 7) reluctance to stand up for what is right
Ethics are the driving force behind good business. Every ethical choice made by a professional can and will have a much different outcome than any unethical choice. Bad ethics can ruin many aspects of a business and as (Gaye-Anderson, 2007) states how quite easily the lives and professional reputation of the employees can even be severally damaged (para. 3). Everything from morale to motivation can be severely affected by poor ethical choices. Customers will take their business elsewhere. Employees will abandon ship. Other, competing businesses reap the benefits of the bad moral choices. Ultimately, the entire business can be brought down by one poor ethical choice.
In my values and ethics class I learned to recognize the extent to which
In all situations there are three components. One is pressure or a need for money. The second is opportunity and the third is rationalization. When company rules or policies seem unfair, an employee may decide to break them. An employee may defraud the company because he has a huge debt or desires things he can’t affords, while also feeling that the company doesn’t treat him well or fairly. Another example is that a company imposes quotas and an employee turns to unethical or fraudulent activates to meet this quota because her job depends on it. In other cases, am employee is asked to engage in fraudulent behavior by the company owner or manager, and if he doesn’t comply, he loses his
Ethics in the workplace is a very important thing to have. Without a sense of ethicality in the workplace there are many things that could go wrong. You could even end up losing a job because of a lack of ethics, or other consequences could be felt due to a lack of caring or morality. The workplace is a place that you should show respect and dignity, and a deeper sense of ethics is very important in order to uphold these senses of morality. Workplace ethics, which include such things as behavior, integrity, commitment, teamwork, and other things, are important, if not required, in most workplaces and can help to improve performance and morale for workers and employers.
Ethics is a code of thinking and conduct administered by a combination of personal, moral, legal, and social standards of what is
In this situation, it is important to have set ethical standards that everyone abides by, that way everyone and every organization is on the same page. For instance, I worked at a restaurant, The Farmhouse, in high school where I opened and closed the store. This put me in charge of all the money the restaurant made that night while also having access to our restaurant’s safe. They only entrusted this privilege with a few people in order to prevent theft. Although I never stole from the restaurant’s safe, there had been problems in the past with workers leaking the safe’s combination and money being stolen. After this occurrence, the owners held a mandatory meeting where they re-informed every staff member of the restaurants ethical policies. Without standard ethical policies, the theft could have continued and hurt the business even more. If our owners couldn’t trust us to be ethical, they would either need to do everything themselves, or watch over us like hawks. When I was given this new duty, I felt obligated to follow the ethical policies and was motivated to work harder because I knew that they had trust in me to get the job done properly and right. Without standard ethics in the workplace, there will be mistrust and wrongful doings within the company that will only further hurt the