Business Its Legal Ethical & Global Environment
10th Edition
ISBN: 9781305224414
Author: JENNINGS
Publisher: Cengage
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How can purchasing managers use their position to defraud the company? What can be done to prevent it?
Why are managers, rather than employees, more likely to engage in unethical behavior in capital and investment processes?
Companies within the Consumer Discretionary sector market their products and services to consumers, not businesses, and what they sell is generally bought with discretionary income; they're not hawking day-to-day necessities.
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- Unethical acts are generally committed by unethical people. What are some things companies can do to help ensure that their employees act ethically?arrow_forwardhow does being unethical in the financial industry affect communication with clients?arrow_forwarda. Do you think it is the same to act in your own self-interest as it is to act in a selfish way? Why or why not?b. Do you think “enlightened self-interest” is a contradiction in terms, or is it a valid basis for all actions? Evaluate whether our laissez-faire, free-market economic system does (or should) operate under this philosophy.arrow_forward
- Explain the problems of adverse selection and moral hazard caused by asymmetricinformation. How can financial intermediaries alleviate those problems?arrow_forwardwhat if your company is being targeted by a SPAC would that be a good thing or a bad thing? What factors would you look at to make that determination? what are the pitfalls in selling a company?arrow_forward
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