Business Ethics: Concepts and Cases‚ 7/e Velasquez ©2012 / ISBN: 9780205017669 Chapter begins on next page > PLEASE NOTE: This sample chapter was prepared in advance of book publication. Additional changes may appear in the published book. To request an examination copy or for additional information‚ please visit us at www.pearsonhighered.com or contact your Pearson representative at www.pearsonhighered.com/replocator. PART ONE Basic Principles BUSINESS ETHICS IS APPLIED ETHICS
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PROGRAMME : DIPLOMA IN MARKETING LECTURER : NOR ZARINA BINTI PITDIN CLASS : DPM 5A COURSE BUSINESS ETHICS COURSE CODE PB503 CREDIT 3 SYNOPSIS BUSINESS ETHICS is about relationships‚ values‚ justice‚ and culture (personal‚ professional‚ corporate‚ national and global). It also provides a basic framework for examining the range of ethical issues arising from a business context. This course also discusses on the issues of right and wrong actions or decisions from all levels
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Business Ethic Business ethic is the study of standard of the business behavior which promote human welfare and the good. It is also the examination of moral and social responsibility in relation to business practice and decision-making in business. Business ethics are often guided by law‚ while other times provide a basic framework that businesses may choose to follow in order to gain public acceptance. The law is the key starting point for any business. Most leading businesses also have
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Chapter 1: Key concepts in business and professional ethics [Unit 1: Introduction to Business Ethics Unit 1: Introduction to Business Ethics Ethics and Values] * Values = what is good and desirable? * People do not share the same values * Values are influenced by……… Moral dilemmas…….. EXAMPLE A brilliant transplant surgeon has five patients‚ each in need of a different organ‚ each of whom will die without that organ. Unfortunately‚ there are no organs available to perform any of
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have unbiased reports is one of the ethical issues that could have been solved by the companies themselves. Auditor independence is another activity that could have been handled voluntarily. According to Jennings (2012) the SOX established code of ethics for public accounting firms. Some of the services that accounting companies that audit public companies are prohibited to do are; provide bookkeeping services for the same public companies that they are auditing‚ appraisal and valuation services
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Business Ethics and Issues Ethics Ethics is a branch of philosophy which seeks to find answers about the moral concepts like bad‚ good‚ evil‚ right‚ wrong‚ etc. According to OEC (2011) ethic is defined as “a moral philosophy which is concerned with what is right or wrong‚ good or bad‚ fair or unfair‚ responsible or irresponsible‚ obligatory or permissible‚ praiseworthy or blameworthy”. Many scholars have associated it with the various feelings and emotions like guilt‚ indignation‚ empathy etc
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Marketing ethics is the area of applied ethics which deals with the moral principles behind the operation and regulation of marketing. Some areas of marketing ethics (ethics of advertising and promotion) overlap with media ethics. Pricing ethics List of unethical pricing practices. Bid rigging is a form of fraud in which a commercial contract is promised to one party even though for the sake of appearance several other parties also present a bid. This form of collusion is illegal in most countries
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itself. For example‚ Starbuck’s is not faced with an ethical dilemma regarding its tax bill (again‚ because Starbucks doesn’t think‚ it doesn’t exist apart from in a legal sense‚ it neither lives‚ reasons or has morals). However‚ Starbuck’s CEO and individuals on the Management team (and importantly it’s PR team!) are grappling with a tax dilemma. People have dilemmas‚ non-living virtual legal entities (i.e. companies) don’t. Make that mistake on the submitted essay and you’re in for a very low mark indeed
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Unit 45: Business Ethics LO 1 – Understand different ethical perspectives in business Introduction – 1.1 Explain the background of theoretical ethical approaches and development of theoretical ethical approaches. Ethical perspectives: Deontological and teleological ethical theory; a. Define Deontology ethical theory Give example of deontology by stating a Philosophical experiences or case laws b. Define Teleology ethical theory‚ Give example of teleology by stating a Philosophical experiences
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What is ethics? Ethics can be defined as a set of principles used by an individual to govern his or her decisions in an effort to ensure fairness and equality. Business ethics‚ as defined by the Stanford Encyclopedia of Philosophy is the applied ethics discipline that addresses the moral features of commercial activity. The same source also gives a history of business ethics which states that the concept as an academic principle is relatively young-only about forty years old; but in general is as
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