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Submitted By three80
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Walter Alston
Midterm Portfolio Assignment
Mr. Simon
February 28, 2011
Logic & Reasoning

Ethical business practices include assuring that the highest legal and moral standards are observed in your relationships with the people in your business community. This includes the most important person in your business and your customer. Ethical decision making in today's business and personal world, ethical decisions are made on a daily basis. Most of these decisions are based on company ground rules. The others are based on personal ground rules. All decisions can have a number of ground rules that help us determine whether our decision is ethical or unethical. In the following paragraphs I will discuss the impacts of ethics on decision making.
Ethics is a standard that tells us how we should behave. It is based on moral duty and includes a code of values that guides our choices and actions. No person with a strong character lives without such a code. A reputation for ethical decisions builds trust in your business among business associates and suppliers. Strong supplier relationships are critical to a successful business. Consider the problems you might have if you could not supply what the customer needs at the time that they need it.
The entrepreneur is the role model for myself in my future success. If your behavior includes lying to customers, taking money out of the cash register, or taking home some of the inventory or supplies, you cannot be surprised if your employees follow your lead. Your family members may see the business as their own and take things that really belong to the business. Employees may see this as being dishonest, or as a conflict with their needs for a raise in pay. The community expects your business to operate in an ethical manner that enhances the image of the community as a whole. A reputation for telling customers anything

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