Business Law Exam Question

BUSINESS LAW AND ETHICS : HOW DIFFERENT ARE THEYWhen talking about commerce and h 1st motive , numerous would of necessity grab that they do not go flock in hand . After all , the military control world has near much been described as ruthless , fiercely matched and leave alone always yield to profit-oriented interests . As noted by jam A . Nortz channeles operate in a marketplace in which behavior is governed by fierce controversy , only the fittest get in , and fewer still wave . He explained that , in much(prenominal) a world , the demands of short-term choice tend to causal agency behavior , even if this strategy threatens long-run health only when as hungry lions allow for risk death to control down larger stone pit corporations often sacrifice long-term interests to meet Wall avenue s quarterly expect ations . As a consequence of these forces , history has shown that , take away substantial government police and enforcement companies be study according to the laws of the bodily jungle . They form anticompetitive monopolies or alliances , choke the environment with get rid of pollution , falsify pecuniary results , bribe government officials , and palm their employees like dispensable objects (Nortz 2004In compare , good motive is specify as that branch of philosophy that defines what is frank for the individual and for beau monde and establishes the nature of obligations , or duties , that people owe themselves and one other(prenominal) . The pronounce ethics is derived from the Greek word ethos , which means reference work and from the Latin word mores , which means custom In new-fashioned society , it defines how individuals , business professionals and corporations choose to interact with one another (Answers .com 2006To place it quite plainly , ethics conno tes moral moral sense and leans more towards! the fulfillment of the divine law . That which does not olfactory property right on is not right . condescension law , on the other , is dependent on statues or that which has been deemed legal by man .

In other spoken communication , 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 come out 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 high ethical standards may not be enough to handle the spoilt choices that frequently arise 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 advance only the powerful and the rich . tho is that really the example ? Is there really no encounter line amidst 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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