business policy unit 7 Discuss bribery

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Business Finance

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1. Why should firms formulate and implement strategies from an environmental perspective?

Your response should be 75 words in length.

2.Discuss bribery. Would actions, such as politicians adding earmarks in legislation or pharmaceutical salespersons giving away drugs to physicians, constitute bribery? Identify three business activities that would constitute bribery and three actions that would not.

Your response should be 75 words in length.

3.Why is it important not to view the concept of "whistleblowing" as "tattling" or "ratting" on another employee?

Your response should be 75 words in length

4.How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than ignored?

Your response should be 75 words in length.

5.What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same?

Your response should be 200 words in length.

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Explanation & Answer

Attached.

Answer outline to Business policy






Question 1
Question 2
Question 3
Question 4
Question 5


Surname 1

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Instructor
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Business policy
Firms should formulate and implement strategies with a view of the environment because it is
what makes them exist in the society. Through a focus on the environment, firms ought to
implement strategies that will protect life, in this case, the customers’ life and the society in
general. It also demonstrates that a firm values the society more than its own interests. It also
gives firms a competitive edge as it shows that they are socially responsible.
Bribery is the acceptance of any item that is presented in f...


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