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Business Ethics Are Concerned with Accepted Principles of Right or Wrong

question 41

Essay

Business ethics are concerned with accepted principles of right or wrong governing the conduct of businesspeople. Identify and discuss the common examples of unethical decisions that businesspeople have made.


Definitions:

Religious Persecution

This refers to the mistreatment or punishment of individuals because of their religious beliefs or practices.

Economic Immigration

The movement of individuals from one country to another with the intention of seeking employment or better economic prospects.

Standard of Living

The amount of affluence, ease, material items, and basic requirements present for a particular socioeconomic category or geographical zone.

Lower Prices

A reduction in the cost of goods and services which can stimulate demand and increase the quantity sold.

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