What is business ethics

Question 1

What is business ethics

Answer 1

• Business ethics is the application of ethical values to business behaviour.
  It applies to any aspects of business conduct.
• Ethics goes beyond the legal requirements for a company.

Question 2

The Ethics of Accounting

Answer 2

Insider trading
Executive compensation
Bribery and kickbacks
Accounting fraud
Examples: Enron

Question 3

The Ethics of Human Resource Management

Answer 3

Discrimination
Privacy of employees
Wages
Occupational safety and health

Question 4

The Ethics of Production

Answer 4

Product testing
Environmental issues
Addictive products
Dangerous products

Question 5

The Ethics of Intellectual Property, Knowledge and Skills

Answer 5

Patent, copyright and trademark infringement
Employment raiding
Industrial espionage
Type of things being patented
Example: Human Genome Project

Question 6

The Ethics of Sales and Marketing

Answer 6

Pricing (price fixing)
Specific marketing strategies (greenwash, bait and switch, shill)
Content of advertisements (attack ads, sex in advertising)

Question 7

How Does Business Ethics Apply to International Business?

Answer 7

• Moral and ethical problems often arise while corporations are conducting business internationally.
• There are varying global standards.
• Globalization and cultural imperialism are examined in business ethics.
• Multinational corporations.