Business Law Exam Question

BUSINESS LAW AND ETHICS : HOW DIFFERENT ARE THEYWhen lecture about commerce and h ist motive , numerous would inescapably grab that they do non go flock in hand . After all , the origin world has just about much been described as ruthless , fiercely agonistic and leave alone always yield to profit-oriented interests . As observe by jam A . Nortz employmentes operate in a marketplace in which behavior is governed by fierce rivalry , only the fittest get in , and fewer still succeed . He explained that , in much(prenominal) a world , the demands of short-term option tend to causal agency behavior , even if this dodging threatens long-run health only when as hungry lions willing risk death to control down larger object corporations often sacrifice long-term interests to meet Wall route s quarterly expectation s . As a consequence of these forces , history has shown that , remove substantial government police and enforcement companies be micturate according to the laws of the corporal jungle . They form anticompetitive monopolies or alliances , choke the environment with ungoverned pollution , falsify pecuniary results , bribe government officials , and shell out their employees like dispensable objects (Nortz 2004In compare , good motive is outlined as that branch of philosophy that defines what is frank for the individual and for clubhouse and establishes the nature of obligations , or duties , that people owe themselves and one another(prenominal)(prenominal) . The pronounce ethics is derived from the Greek word ethos , which means causa and from the Latin word mores , which means custom In mod society , it defines how individuals , business professionals and corporations choose to interact with one another (Answers .com 2006To place it quite just now , ethics connotes moral conscience and leans more towards th! e fulfillment of the divine law . That which does not savor right field is not right . condescension law , on the other , is dependent on statues or that which has been deemed legal by man . In other row , 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 compass point 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 scratch 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 cogitate into uplifting that which is good for the majority , business interests tend to favor only the powerful and the rich . tho is that really the outcome ? Is there really no encounter line surrounded by 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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