Business Law Exam Question

BUSINESS LAW AND ETHICS : HOW DIFFERENT ARE THEYWhen talk about commerce and h singlest motive , numerous would needs grab that they do non go flock in hand . After all , the championship world has almost much been described as ruthless , fiercely combative and leave alone always yield to profit-oriented interests . As remark by jam A . Nortz patronagees operate in a marketplace in which behavior is governed by fierce contestation , only the fittest get in , and fewer still lucubrate . He explained that , in much(prenominal) a world , the demands of short-term selection tend to causal agency behavior , even if this schema threatens long-run health only when as hungry lions testament risk death to control down larger forego corporations often sacrifice long-term interests to meet Wall road s quarterly expe ctations . As a consequence of these forces , history has shown that , preoccupied substantial government police and enforcement companies be agree according to the laws of the somatic jungle . They form anticompetitive monopolies or alliances , choke the environment with unbridle pollution , falsify pecuniary results , bribe government officials , and do their employees like dispensable objects (Nortz 2004In compare , good motive is defined as that branch of philosophy that defines what is frank for the individual and for night club and establishes the nature of obligations , or duties , that people owe themselves and one other . The pronounce ethics is derived from the Greek word ethos , which means purpose and from the Latin word mores , which means custom In redbrick society , it defines how individuals , business professionals and corporations choose to interact with one another(prenominal) (Answers .com 2006To place it quite only , ethics connotes moral scr uples and leans more towards the fulfillment! of the divine law . That which does not smack repair is not right . condescension law , on the other , is dependent on statues or that which has been deemed legal by man .

In other actors line , even if it sometimes does not feel right , as long as the law allows it , an act becomes permissible in business lawThe website of Answers .com explained the calculate succinctly when it noted that making ethical decisions in business is often difficult because business ethics is not simply an extension of an individual s personal ethics or a society s standards of right and wrong . fitting being a good person with hi gh ethical standards may not be enough to handle the spoilt choices that frequently rear in the workplaceLaws also permit many actions that will not bear ethical scrutiny . In other words , what the law permits or requires is not necessarily what is ethically right . For instance , laws allow disloyalty toward friends , the breaking of promises that do not have the stature of legal contracts and a vicissitude of deceptionsSince ethics is center into uplifting that which is good for the majority , business interests tend to regard only the powerful and the rich . tho is that really the issue ? Is there really no encounter line in the midst of business law and ethics ? I believe that when one makes a little effort in analyzing the relationship of business law...If you want to get a well(p) essay, order it on our website: OrderCustomPaper.com

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