Oriented Article Review The following is a summary of unethical business research conduct by Citigroup Inc. and subsequently resulting in trial proceedings for the unethical conduct. The summary will reveal the specific unethical behavior and who were the injured parties in this misconduct. Additionally, insight into how the unethical behavior affected the organization, the individuals, and society. Finally, evidence will be show how this unethical behavior could have been avoided or at a minimum resolved
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Effect of Unethical Behavior Article Analysis ACC/291-Principles of Accounting II June 24, 2013 Dale Wilson Having the correct accounting information in a financial statement gives a business owner certain advantages, such as information on financial transactions. If a business owner has information on when the sales or expenses are increasing or decreasing, he can make decisions that can benefit the company’s bottom line. The same cannot be true if he does not have accurate, or reliable
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Ethics Reflection STR/581 Ethics Reflection In the last decade ethics has taken an important place in corporate America after some unethical and fraudulent business practices getting uncovered. Few companies’ such as Tyco, Enron, Arthur Anderson, and WorldCom have made their name synonymous with corporate fraud. Unethical behavior of top executives like Bernard Madoff and Martha Stewart can sink the whole company. This paper will explain the role of ethics and social responsibility
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Unethical behavior in the workplace can be defined as any action that does not conform with the standards of conduct established by the organization. Unethical behavior can occur in the relationships between employees, in the way an employee goes about his business or how he uses company resources. Unethical behavior can even break the law in some situations. Inappropriate Computer Use Employees may use company computers to engage in unethical behavior. For example, an employee who is not permitted
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ethical. Using unethical practices to motivate individuals is not only unprofessional and unethical, but can also be emotionally harmful. They can potentially create an environment of distrust and animosity. Applying legal, professional and ethical motivation strategies is a very important rule for every business to follow and healthy for the organization and its employees. Understanding methods which drive employees to work harder and be more committed is very important to business success and unethical
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As per the fortune magazine, Apple Inc. was ranked the number one admired company in the ear followed by Google and Berkshire Hathaway. These score is based on the votes of the business people all around. All of these companies have to make sure that their stakeholders are comfortable in view of their long term goals. And to achieve stakeholder’s satisfaction, companies need to secure and gain trust in the companies. This is done by a company’s governance and code of conduct. Every company
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Competitive Business Laws in the United States that aim to promote fair, balanced, and competitive business practices are known as antitrust laws. According to Bovée & Thill, (2013), “Antitrust laws limit what businesses can and cannot do to ensure that all competitors have an equal chance of succeeding” (p.40). Three such laws are The Sherman Act, The Federal Trade Commission Act, and The Clayton Act. These laws (particularly The Sherman Act) provide general guidelines for business practices, but not
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Business Ethics Beverley Sullivan Introduction to Management and Leadership Walden University February 13, 2015 Introduction Business Ethics is a crucial aspect of any organization, and all successful organizations should adhere to business ethics. Business Ethics emphasizes that organizations adhere to the moral and ethical principles when undertaking day to day operations. I will define ethics and look at what are our moral beliefs. Explain the purpose of ethics and ethics
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used consisted of a list of business names and telephone numbers. This information was retrieved and available for anyone who chose to purchase from list service to use with the intent of telemarketing. Although this appeared to be an unethical business practice, it was legal because if the consumers name and numbers were sold to list services. Something had to be done to prevent unsolicited phone calls and to protect consumers from these unethical business practices. The Telephone Consumer Protection
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increase in revenue and began investing in other businesses. This mass change within the company began the rise and fall of Enron. The rise and fall of the company was because of failure by unethical management decisions and business choice. Enron began borrowing money from to invest in new business projects to maintain its constant growth. To keep the earnings from the eyes of investors, Enron began to create partnership with other businesses that would allow their debts to remain off record
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