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Explain how the business managers could act ethically

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Reference no: EM133139197

Questions -

1. What does business ethics mean?

2. What is the main objective of observing ethical behavior in business?

3. What is the scope of business ethics?

4. Explain how the business managers could act ethically

5. Describe the inherent conflict between ethics and pursuit of profit?

6. What are the two most common types of unethical practices of business establishments as far as the products or customers are concerned?

7. Give and explain briefly at least three ways of directly misrepresenting products

8. How is indirect misrepresentation of a product undertaken?

9. What does "Caveat emptor mean?"

10. When does over-persuasion become unethical?

11. What is "interlocking directorship" and why could it lead to unethical actions of a member od the board of directors?

12. Insider trading is considered an unethical practice. Why?

13. What are some of the unethical practices that executive officers may be guilty for?

14. Cite some unethical practices of employees to their employers.

15. Distinguish between direct misrepresentation and indirect misrepresentation

16. Describe an ethical dilemma

17. How does a person resolve an ethical dilemma?

18. Why is there a special need for ethical behavior by professionals?

19. Explain what corruption is

20. Give examples of how corruption can take place

21. What are some factors that contribute to the commission of corruption?

22. Explain the characteristics of corruption

23. Describe some ill effects of corruption

24. What are some of the means by which corruption be reduced if not totally eliminated in the Philippines?

25. Why is there a need to improve business ethics?

26. Why should business organizations adopt a Code of Conduct?

Reference no: EM133139197

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