Business Law Exam Question

BUSINESS LAW AND ETHICS : HOW DIFFERENT ARE THEYWhen talking about commerce and h onenessst motive , numerous would unavoidably grab that they do non go flock in hand . After all , the craft world has to the highest degree much been described as ruthless , fiercely agonistic and leave alone always yield to profit-oriented interests . As tell by jam A . Nortz tradees operate in a marketplace in which behavior is governed by fierce contest , only the fittest get in , and fewer still win . He explained that , in much(prenominal) a world , the demands of short-term pick tend to causal agency behavior , even if this dodging threatens long-run health only when as hungry lions forget risk death to control down larger work corporations often sacrifice long-term interests to meet Wall passageway s quarterly expecta tions . As a consequence of these forces , history has shown that , listless substantial government police and enforcement companies be pull in according to the laws of the unified jungle . They form anticompetitive monopolies or alliances , choke the environment with unchecked pollution , falsify pecuniary results , bribe government officials , and grapple their employees like dispensable objects (Nortz 2004In compare , good motive is delimit as that branch of philosophy that defines what is frank for the individual and for corporation and establishes the nature of obligations , or duties , that people owe themselves and one some other . The pronounce ethics is derived from the Greek word ethos , which means division and from the Latin word mores , which means custom In youthful society , it defines how individuals , business professionals and corporations choose to interact with one other (Answers .com 2006To place it quite evidently , ethics connotes moral se nse of set and wrong and leans more towards! the fulfillment of the divine law . That which does not incur right is not right . condescension law , on the other , is dependent on statues or that which has been deemed legal by man .

In other nomenclature , 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 storey 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 pe rson with high ethical standards may not be enough to handle the spoilt choices that frequently come on 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 focused into uplifting that which is good for the majority , business interests tend to kick upstairs only the powerful and the rich . tho is that really the cheek ? Is there really no encounter line between 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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