XMGT 216 Class Notes UOP

Apr 18th, 2015
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Week 1 DQ 1What are business ethics and how are they developed?What do you consider to be the source of ethics?Explain your answer.Business ethics is the behavior that a business adheres to in its daily dealings withthe world. The ethics of a particular business can be diverse. They apply not only tohow the business interacts with the world at large, but also to their one-on-onedealings with a single customerIf a company does not adhere to business ethics and breaks the laws, they usuallyend up being fined. Many companies have broken anti-trust, ethical andenvironmental laws and received fines worth millions. The problem is that theamount of money these companies are making outweighs the fines applied. Billiondollar profits blind the companies to their lack of business ethics, and the dollar signwins.ParticipationMaybe I am old, maybe I have seen too much in life..." its just buisness"..I have learned the hard way, not to put work over family. When it comes right downto it.. Money is the ruler of all. Ethics draws a line as thin as life is to death. Morals,which is a complete different animal, is always so closely related to ethics. Manytimes I hear ethics and morals as if they hard Laurel and Hardy, peanut butter andjelly..The truth is morals are personal convictions. Nothing to do with ethics yet they gettwisted ...I believe that a person should get paid for what the job is worth. If I can do 8 hourjob in 4 hours, then I get paid 8 hours worth of

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