ARBUS202 Chapter Notes - Chapter 4: Equilibrium Point, Oligopoly, Late Capitalism
6 Jan 2016
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Textbook: chapter 4: ethics in the marketplace: generosity, competition, and fairness. They do not give up their seats in buses to the infirm. They do not console a colleague who has lost a parent. A reliance on law over ethics in setting standards sends a dangerous message to business. If the conduct is legal, then it is ethical. If the conduct is not illegal, then it is ethical. Therefore, this message suggests that the only effective controls on business behaviour are external. A guide to giving and receiving corporate gifts: must be no influence or expectation of influence, with the giving or receiving of the. Sensitivity: be prepared to explain cultural norms and gift-giving traditions and restrictions within your home culture so as the circumnavigate any possible offence that may be taken. Permission: if any doubt of appropriateness, check with superiors. Gifts that can influence a decision are corrupting and harmful: related to bribe.
