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Introduction

Ethics is the study of morality and honorable behavior, though what is considered ethical can vary between societies based on world views and values. Unethical behaviors in business, as reported by the media, have raised concerns about ethics in organizations. Such behaviors stem from individuals without moral character and can take many forms, some legal and some illegal. This document will examine why businesses may behave unethically in order to increase stock value through fraudulent means and what internal controls can help prevent unethical conduct.

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Emily Ballesteros
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83 views

Introduction

Ethics is the study of morality and honorable behavior, though what is considered ethical can vary between societies based on world views and values. Unethical behaviors in business, as reported by the media, have raised concerns about ethics in organizations. Such behaviors stem from individuals without moral character and can take many forms, some legal and some illegal. This document will examine why businesses may behave unethically in order to increase stock value through fraudulent means and what internal controls can help prevent unethical conduct.

Uploaded by

Emily Ballesteros
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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INTRODUCTION: Ethics is the study of morality. It is the value that is worth pursuing in life. It is honorable behavior. Ethics is relative.

What is honorable in one society may not be honorable in another. It depends on several factors: world views, descriptive values and moral values. It is a function of the environment. What one salesperson may consider being an unethical marketing behavior, another salesperson may perceive it as an aggressive marketing strategy.

The media feeds us with information of unethical behaviors in our environment revealing the unethical social issues that demand our attention. The newspaper accounts of unethical behaviors in business have raised concerns about business ethics which have led to studies on their causes in organizations. These unethical behaviors are from unsavory individuals that have no moral character. It is a sad truth that the employees of just about every business, in every business, will occasionally encounter team members who are taking part in unethical behaviors. Such unethical behaviors include a wide variety of different activities. Though there is sometimes a difference between behaviors that are unethical and activities that are actually illegal, it is up to the business itself to decide how it deals with unethical behavior - legal or not.

The paper explains what is the main reason why businesses behave unethically that encourages them to go to all lengths to have a high stock value. The paper shows how businesses become one of the most powerful companies in the world through fraud. The paper then examines the procedures and internal controls needed in a company to protect against unethical behavior.

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