BUSI 4705 Chapter 1: Essentials of Business Ethics, chapter 1.docx

• School: Carleton University
• Department: Business
• Course: BUSI 4705
• Professor: Diane Huberman- Arnold

Document Summary

Essentials of business ethics chapter 1: human nature and unethical. Providing goods and services enriches the quality of life and employment, which are very ethical endeavors. Ethics is the set of principles a person uses to determine whether an action is good or bad. Each decision and action is subject to ethical analysis. Action sequence consists of the motivation behind the act, the act itself and the consequences of the act. Managerial challenge: to coordinate the transformation of inputs into products and services in a way that respects the dignity of owners, employees, customers, suppliers, the host community and the natural environment. Dishonesty could be a lie of commission (falsely telling the boss that the work is complete) or a lie of omission (not telling the boss anything about the incomplete work) 52% of respondents observed a misconduct in the last year, of which 55% were reported to management, 48% of which violated the law.