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katrin2010 [14]
4 years ago
11

Do you think business ethics is possible? Sen and Vaidya claim that business ethics are not only possible but a necessary elemen

t for businesses to function. How do they show this? Do you agree or disagree and why?
Business
1 answer:
motikmotik4 years ago
4 0

Business ethics is possible and it can be fully practiced by a person who is hard core  successful businessman.

Explanation:

  • Ethics is a philosophical science of understanding human behavior from all the aspects and differentiating between right and wrong.
  • Business or corporate ethics deals with ethical and moral challenges faced in a business environment. It can be also defined as a set of principles or values decided by the organization's culture.
  • Functioning is an important element in any of the business undertaken. And the functioning of these corporate ethics in a way which are personal, professional and corporate helps one to achieve success in business.
  • It is mandatory to follow business ethics as they have a potential impact on the organization.
  • Following business ethics helps one to achieve their goal in a defined and polished manner
You might be interested in
How does economic factors affect business.
OverLord2011 [107]

Answer:

Economic factors directly impact business and are essential factors that can help or impede the organisation in accomplishing its targets. Financial factors that ordinarily influence organizations to incorporate wages, loan and banking transactions. Overall, micro and macroeconomic both factors play a crucial role in predicting and forecasting business dealings and there long-term stability and growth.

Explanation:

Some of the significant economic factors that influence businesses directly are exchange rate, interest rate, unemployment rate, inflation rate, monetary policy, fiscal policy, taxes and many other micro and macro variables factors undertake a critical job in assessing how the business will perform in long- run and how much profits they will make.

Interest rate directly affects the loan ratio, which is linked with banking transactions. Those businesses which are associated with banks and rely heavenly on taking out large loans are affected by the economic decision regarding interest rate fluctuations. The exchange rate has diverse effects of business; however, they significantly affect business which is linked with import and exports.  Changing exchange rates may influence how a lot of an organization needs to pay to its global partners to fulfil them, which can influence overall revenues.

Taxes are an essential element of fiscal policies of the government which affect business, and usually, organisations make decisions by predicting next year’s fiscal policy. Increase in taxes negatively affects the revenue generation of businesses, and it affects their profitability. On the other hand, an increase in the gross domestic product (GDP) of a country positively affect businesses, and it helps businesses to go domestically, and globally it provides locals with job opportunities and more wealth generation for businesses. Furthermore, economic policy is  also strongly linked with another all factors and play a vital role in overall business growth or decline in a country. In general, economics is an essential factor which can influence organizations. Although they relate to the economy on a broader scale, they significantly affect the inward activities of every business and organization.

8 0
4 years ago
The price elasticity of demand for lightbulbs is likely to be unit elastic because
Montano1993 [528]

Answer:

The correct answer is: is relatively inelastic because there are very few substitutes for lightbulbs.

Explanation:

The demand for unit elasticity is an intermediate situation between an elastic and other inelastic demand curve, so that the price elasticity is equal to one, which means that in the face of variations in price, the total ingrowth (price per cantidad), if it decides, if the price increases, the demanded cantidad will diminish in an amount such that the previous and the present in the same ones. The same would occur in the case that the price had fallen, the song would increase so much that the ingrowth remained constant.

7 0
3 years ago
What kind of a credit card can customers with a bad credit history get?
vladimir1956 [14]

Answer:

it’s c

Explanation:

just took the test

5 0
3 years ago
A client is to be transferred from the coronary care unit to a progressive care unit. The client asks the nurse, "Are you sure I
german

Complete/Correct Question:

A client is to be transferred from the coronary care unit to a progressive care unit. The client asks the nurse, "Are you sure I'm ready for this move?" What should the nurse determine that the client most likely is experiencing based on this statement?

Answer:

Fear

Explanation:

The client is fearful because he/she is being transferred from a high supervised unit to one perceived as less supervised.

This is because the client wants to avoid a recurrence of his condition as a result of the unit change to a lesser supervised area as thought by the client.

In this regard, the nurse is meant to reassure the client about the continuous supervision of his/her situation no matter which unit he/she in in.

Cheers.

7 0
3 years ago
A bank has $50 million in assets, $47 million in liabilities and $3 million in shareholders' equity. If the duration of its liab
Alisiya [41]

Answer: 1.222

Explanation:

The Average duration can be derived from the formula:

Assets * Average Duration = Liabilities * Duration of Liabilities

Average Duration = (Liabilities * Duration of Liabilities) / Assets

= (47,000,000 * 1.3) / 50,000,000

= 61,100,000 / 50,000,000

= 1.222

5 0
3 years ago
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