MGT491H5 Final: Final Exam Study Notes - Chapter 4-Ethics

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12 Oct 2010
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Mgt491 final exam notes chapter 4: ethics. N ethical issues can arise when doing business in different nations. N often a function of differences in economic development, politics, legal systems, culture. N should be auditing regularly to check labour practices. N ethics accepted principles of right or wrong that govern the conduct of a person, the members of a profession, or the action of an organization. N business ethics accepted principles of right or wrong governing the conduct of businesspeople. N ethical strategy strategy or course of action that does not violate these accepted principles. N political systems, law, economic development, cultures vary significantly: what is considered normal in one may be considered unethical in another. N managers in a multinational firm need to be particularly sensitive to these differences when working. N most common ethical issues in international business: employment practices, human rights, environmental regulations, corruption, moral obligation of multinational corporations.

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