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Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
Intellectual honesty has been described as part of integrity in scientific research and includes: ensuring precision in depicting one's contributions to research proposals and reports upholding impartiality in the process of peer review; fostering a collaborative and supportive atmosphere in scientific interactions, encompassing communication ...
After becoming a public company in August 2005, it was revealed that Phillip R. Bennett, the company's CEO and chairman, had concealed $430m of bad debts. Its underwriters were Credit Suisse First Boston, Goldman Sachs, and Bank of America Corp. The company entered Chapter 11 and Bennett was sentenced to 16 years in prison. Bear Stearns: United ...
Unfair business practices (also Unfair Commercial Practices) describes a set of practices by businesses which are considered unfair, and which may be unlawful. It includes practices which are covered by other areas of law, such as fraud , misrepresentation , and oppressive or unconscionable contract terms.
The origin of the term "shill" is uncertain; it may be an abbreviation of "shillaber". The word originally denoted a carnival worker who pretended to be a member of the audience in an attempt to elicit interest in an attraction. Some sources trace the usage back to 1914, [5] [6] or as far back as 1911. [7]
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [ 1 ]
The function of developing and implementing business ethics in an organization is difficult. Due to each organization's culture and atmosphere being different, there is no clear or specific way to implement a code of ethics in an existing business. Business ethics implementation can be categorized into two groups; formal and informal measures.
Many brands have tried to use ethics to make themselves look responsible, often spinning environmental claims which has led to the term "greenwash". In research consumers have shown to have even less trust of ethical claims in ads than ordinary ads. As a result, media attention on ethics has resulted in many top brands suffering consumer boycotts.