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Ethical Code of Conduct Plan

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An Ethical Code of Conduct Plan

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Legal and Ethical Responsibilities of Companies to their Customers Legal responsibilities to what the society terms as vital with respect to the required corporate behavior. Precisely, this statement means that businesses are required to attain their economic objectives in the framework of the legal demands placed by town councils, nation legislatures, and federal management agencies (Daft & Marcic, 2010). Some of the illegal acts by organizations include doing firm fraud, intentionally supplying defective commodities, doing unnecessary repairs, willing misleading buyers, and billing clients for undone work. Companies that knowingly go against the law are bad performers in this situation (Daft & Marcic, 2010). Ethical responsibilities constitute behaviors that are unnecessary codified within the law and may not be used in the company’s direct economic responsibilities. In order to be ethical, company policy makers ought to serve with balance, fairness and impartiality; honor the rights of the customers; and provide distinct treatment of customers only when appropriate to the company’s objectives and tasks. Unethical behaviors takes place when policies enable a firm to benefit at the expense of customers or the society at large (Daft & Marcic, 2010). Legal Ethics for Conducting Business Globally Quotas and Tariffs. Regulations on the quantity of commodities that are imported is what is referred as quotas. Some time back, the U.S.A. for example, imposed legal quotas on the quantity of automobiles that should be bought from Japan. Currently, “voluntarily” limits its quantity of exports to U.S.A. On the hand, tariffs refer to the

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