Ethical And Legal Issues In Establishing a Business

Question 1

1.The adoption of a Code of Ethics

Answer 1

A Code of Ethics defines proper conduct for businesses, guiding managers and employees to determine acceptable behavior when engaging with customers, suppliers, and external agents. All business or business should have a code of ethics

Question 2

1.The adoption of a Code of Ethics

Answer 2

A Code of Ethics defines proper conduct for businesses, guiding managers and employees to determine acceptable behavior when engaging with customers, suppliers, and external agents. All business or business should have a code of ethics

Question 3

2. Policies on environmental issuea

Answer 3

An environmental policy is a written statement, usually signed by senior management, which outlines a business’ aims and principles in relation to managing the environmental effects and aspects of its operations.

Question 4

3. Handling of person indotmation

Answer 4

In business, handling personal information involves balancing ethical and legal considerations to protect individuals’ privacy and comply with regulations. This includes obtaining consent, minimizing data collection, using personal information only for specified purposes, implementing security measures, notifying individuals of breaches, and following specific procedures for handling and disposing of personal data. By doing so, businesses can maintain public trust and avoid legal consequences.