BUS 150 Chapter Notes - Chapter 4: Smog, Scrubbers, Oil Spill
5 Oct 2015
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Ex: volkswagen diesel scandal reward: got better business; risk: lost trust and now full of suspicion & doubt. Ethics: the rules & standards that govern the conduct of a person/group. (ex: accounting can"t play around w/ or make up company numbers to make it look better. ) Transparency: the degree to which affected parties can observe relevant aspects of transactions/decisions. What is ethical behavior: competing fairly & honestly, communicating truthfully, being transparent, being helpful and not causing harm to others. In italy, tipping police officers/security guards looks like briber to u. s. residents: gifts can look like bribery, as well. Q: if company"s policy is to buy within and the company you"ve been trying to strike a deal with for many months sends you a gift worth ,000 instead. You can"t accept it nor can you reject it. A: accept it and then buy them something worth the same price, so you"re both even and it doesn"t look suspicious or anything.
