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k0ka [10]
3 years ago
15

Why might legal rules be insufficient for fulfilling one’s ethical responsibilities? Research current events to identify and bri

efly describe a case in which a business person has done something legally right, but ethically wrong. Also, identify and describe a situation in which a business person might have acted in a way that was legally wrong but ethically right.
Business
1 answer:
Sidana [21]3 years ago
4 0

Legal norms and ethical norms are not same and sometimes not agreeable also. Some ethical norms may be wrong legally but some legal norms may be wrong ethically.

<u>Explanation:</u>

The law is set of rules that guide our conduct in society and enforceable through public agencies. For business environment, law provides important guide to make ethical decision making. But sometimes the norms which are ethically right are illegal and sometimes legal norms are unethical.

The example of cases which are ethically right but legally wrong are cheating in taxes or driving over the speed limit or spitting by the road side. The example of cases which are ethically wrong but legal right are falsifying financials, misleading markets and many more.

You might be interested in
A good’s price elasticity of demand depends in part on how necessary it is relative to other goods. If the following goods are p
Katena32 [7]

Answer:  option A

Explanation: Price elasticity can be defined as the relative change in the quantity demanded for goods or services with respect to change in price. There are several factors affecting price elasticity and one of them is the the nature of that good or service , that is, whether it is necessity or a luxury.

Consumers demand with respect to necessary goods do not change much when price rises as compared to luxury goods as necessary goods like daily bread and medicines are essential for life.

In above two options amputation procedure is a necessity whereas yacht is a luxury.

8 0
4 years ago
By definition, imports are Group of answer choices people who work in foreign countries. limits placed on the quantity of goods
Naddik [55]

Answer:

goods produced abroad and sold domestically.

Explanation:

Exports are goods produced in the domestic economy and sold abroad.

Quotas limits placed on the quantity of goods leaving a country.

Countries trade goods for which they have comparative advantage and not absolute advantage.

I hope my answer helps you

5 0
3 years ago
Which idea is inconsistent with perfect competition?.
kupik [55]

The idea that is not consistent with perfect competition is product differentiation.

<h3>What is a perfect competition?</h3>

A perfect competition is a market where there are many buyers and sellers of identical goods and services. Market prices are set by the forces of demand and supply.  This, they are price takers. There are no barriers to entry or exit of firms into the industry.

Here are the opti0ns to this question:

product differentiation

freedom of entry or exit for firms

a large number of buyers and sellers

price-taking behavior

To learn more about perfect competition, please check: brainly.com/question/17110476s

7 0
2 years ago
Southern Corp. has a debt-to-equity ratio of 1.75 and total assets of $275 million. Southern is considering issuing another $20
liberstina [14]

Answer:

1.625

Explanation:

Debt to equity ratio = Debt ÷ Equity

or

1.75 = Debt ÷ Equity

or

Debt = 1.75 × Equity

also,

Total assets = Debt + Equity

or

$275 million = 1.75 × Equity + Equity

or

$275 million = 2.75 × Equity

or

Equity = $100 million

Therefore,

Debt = $275 million - Equity

= $275 million -  $100 million

= $175 million

Now,

after issuance,

Total debt = $175 million + $20 million

= $195 million

and,

Equity = $100 million + $20 million

= $120 million

Therefore,

Southern’s debt-to-equity ratio after the issuance

= $195 million ÷ $120 million

= 1.625

7 0
3 years ago
Companies use esg integration to create new forms of
jek_recluse [69]

Answer:

(Hope this helps can I pls have brainlist (crown)☺️)

Explanation:

Environmental, Social, and Governance (ESG) is an acronym that stands for Environmental, Social, and Governance. These non-financial aspects are increasingly being used by investors in their analytical process to identify major dangers and growth prospects.

The goal of this research is to use ESG integration to produce new types of competitive advantage, not only ESG ratings. It can't be left exclusively to the investor relations team or the sustainability department since it includes key strategic and operational decisions.

6 0
2 years ago
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