Chapter 1 : Discussion topic

How we can behave in ethical way?

How we can behave in ethical way?

by Kamrunnher Binti -
Number of replies: 0

Behavioral ethics refers to behavior that is judged according to generally accepted norms of behavior.


In  business an organization or economic system where goods and services are exchanged for one another or for money.

Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit.

Example:

A company called Shady Sunglasses LLC is a company that manufactures and distributes a brand of sunglasses called Radiant. The company is currently going through a difficult financial situation since the costs of its raw materials increased by more than 20% and their gross margins are declining fast.

The company was supposed to pay its employees their salaries at the end of the month but since they had negative cash flow they decided to postpone the payment to the 5th day of the next month. This prompted employees to file a complaint with the government work’s authority of the state and the company was accused of acting unethically towards its employees.

This unethical behavior caused a fine of $15,000 for the company and an interest payment plus additional compensation for the employees as compensation for the late payment.