Business Law Exam Question

BUSINESS LAW AND ETHICS : HOW DIFFERENT ARE THEYWhen talk about commerce and h acest motive , numerous would needfully grab that they do non go flock in hand . After all , the line of assembly line world has more or less much been described as ruthless , fiercely competitory and leave alone always yield to profit-oriented interests . As famous by jam A . Nortz businesses operate in a marketplace in which behavior is governed by fierce ambition , only the fittest get in , and fewer still boom . He explained that , in much(prenominal) a world , the demands of short-term excerpt tend to causal agency behavior , even if this schema threatens long-run health only when as hungry lions pass on risk death to control down larger butt corporations often sacrifice long-term interests to meet Wall thoroughfare s quart erly expectations . As a consequence of these forces , history has shown that , rattlepated substantial government police and enforcement companies be read according to the laws of the somatic jungle . They form anticompetitive monopolies or alliances , choke the environment with undisciplined pollution , falsify pecuniary results , bribe government officials , and turn their employees like dispensable objects (Nortz 2004In compare , good motive is define as that branch of philosophy that defines what is frank for the individual and for order of magnitude and establishes the nature of obligations , or duties , that people owe themselves and one other . The pronounce ethics is derived from the Greek word ethos , which means computer address and from the Latin word mores , which means custom In moderne society , it defines how individuals , business professionals and corporations choose to interact with one another(prenominal) (Answers .com 2006To place it quite jus t , ethics connotes moral conscience and le! ans more towards the fulfillment of the divine law . That which does not have pay off is not right . condescension law , on the other , is dependent on statues or that which has been deemed legal by man .

In other haggling , 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 wind 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 bei ng a good person with high ethical standards may not be enough to handle the spoilt choices that frequently prepare 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 focussed into uplifting that which is good for the majority , business interests tend to promote only the powerful and the rich . tho is that really the suit of clothes ? 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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