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unethical practices and the principles

Special Considerations

In a recent National Business Ethics Survey, respondents saw an all-time low in unethical behavior. Around 41% of employees saw misconduct on the job, compared to 45% in 2011.

The survey concluded that possibly an uncertain economic climate led to less risk-taking in for-profit businesses leading more managers and executives to act more ethically. The survey found that 60% of misconduct on the job occurred among managers, and 24% of employees blamed senior-level managers for unethical behavior.

Key Takeaways

  • Business ethics refers to implementing appropriate business policies and practices with regard to arguably controversial subjects.
  • Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities.
  • The law usually sets the tone for business ethics, providing a basic guideline that businesses can choose to follow to gain public approval.

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