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Legal Environment

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The Law and Ethics within a Business

Noel Jones

BUS 670: Legal Environment

Professor Eliza Gordner

January 16, 2012

The Law & Ethics within a Business

In the world of business companies and their employees are bound by both ethics and the law. Ethics is defined as “the philosophical study of what is right and wrong, good and bad” (Liuzzo and Bonnie, 2010; p19). All those are companies are bound by the same code of ethics, they are not all bound by the same laws. Depending on the type of business, they will either be governed by Federal, State, Local, or a combination of the three law governing bodies. This paper will discuss an example of issue and demonstrate where the law, ethics, or both was violated by a company or its employee(s). First, is to discuss a bit about Ethics.

Resisting Acts to Perform Unethically

It is of the utmost importance that not only managers, but all employees, act and perform ethically while carrying out their duties. A manager or employee should try to recognize unethical acts, and also bosses. Although, an employee may not always be able to recognize unethical requests or bosses; therefore it is best to thoroughly consider what is being asked of them. It is possible that a boss may ask an employee to perform the unethical task for them in hopes that the employee does not realize or is just a “team player”. If this occurs, the employee should take action.

An employee may “buy time” in order to fully understand what is being asked of them and if it is ethical or not. During which time the employee may research to find out what is expected of them and what the best outcome would be for all involved. This time also provides the employee with an opportunity to gain all of the facts so they do not make a bad decision. There are severe consequences that may occur if one is to perform an…...

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