COMMERCE 4SA3 Chapter 4: Chapter 4; ethics in IB
24 Jan 2019
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Document Summary
Mining industry is one of the most critical components of canadian economy. Ethical issues are politicians who expect financial reward for facilitating mining developments and the labour practices on the field. Political, social-cultural, technological, economic and competitive environments all affect ethical situations (i. e. rob ford smoking pot, bids for 2016 pan-american games. Business ethics; accepted right and wrong principles in business (ex. not plagiarizing work, stealing someone"s idea before they patent it) Technology has raised new ethical issues such as the use of embryonic stem cells and. Outsourcing has become more common due to competitive nature of creating low- priced products. Companies should establish minimum acceptable standards that safeguard basic rights and dignity of employees by auditing them and taking corrective action if they"re not. It"s become easier to monitor this with social media: human rights. The analysis as to whether basic human rights are respected in a country influences investment opportunities.
