How Can Failure to Handle Situations Ethically Can Hurt Companies

question 38

Essay

How can failure to handle situations ethically can hurt companies?

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Definitions:

Financial Responsibilities

Obligations related to managing money, assets, and investments, including budgeting, investing, and managing debt.

Corporation

A legal entity separate from its owners, with rights to own assets, incur liabilities, hire employees, enter contracts, and provide protection for its shareholders.

Sole Proprietorship

A type of business ownership where a single individual owns, manages, and is responsible for all aspects of the business.

Limited Liability Corporation

An organizational form that integrates the single-level taxation characteristic of partnerships and sole proprietorships with the protective limited liability feature of corporations.