MGT 216 Week 1 Individual Assignment Ethics Issues

Apr 16th, 2015
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Business EthicsBusiness ethics refers to practices in business which is fair, honest, and just. In an ethical business, executives and shareholders would not profit financially by laying excessive costs of burdens on others. Where personal ethics come down to moral questions such as "right and wrong", business ethics can have much wider and more far-reaching consequences. Business ethics include such issues as treatment of employees, sustainable practices, honest labeling, product safety, fair competitive practices, and management of financial risk. One ethical issue for businesses right now has to do with financial reporting. After the debacle of Enron and Arthur Andersen in the late 90's, companies have been held to higher standards of ethics in their accounting practices. The Sarbanes-Oxley Act of 2002 requires stricter internal controls, defines required independent audits, and in

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