Define ethics. Provide examples of unethical behavior exhibited by firms
What will be an ideal response?
Ethics are moral principles and values that govern the behavior of people, firms, and governments, regarding right and wrong.
As examples of unethical behavior, firms may:
? Falsify or misrepresent contracts or financial statements;
? Pay or accept bribes, kickbacks, or inappropriate gifts;
? Tolerate sweatshop conditions or otherwise abuse employees;
? Undertake false advertising and other deceptive marketing practices;
? Engage in pricing that is deceptive, discriminatory, or predatory;
? Deceive or abuse intermediaries in international channels; and
? Engage in activities that harm the natural environment.
You might also like to view...
In the Chapter 16 opening scenario featuring Kim Kardashian, the key lesson is that in the 21st century, a publicity campaign can quickly turn into a crisis management situation
Indicate whether the statement is true or false
With which type of team are you more likely to exploit the benefits of comparative advantage?
a. matrix b. autonomous c. functional d. cross-functional