Business Law Exam Question

BUSINESS LAW AND ETHICS : HOW DIFFERENT ARE THEYWhen talking about commerce and honest motive , numerous would necessarily grab that they do not go flock in hand . After all , the business world has most much been described as ruthless , fiercely competitive and leave alone always yield to profit-oriented interests . As noted by jam A . Nortz businesses operate in a marketplace in which behavior is governed by fierce competition , only the fittest get in , and fewer still thrive . He explained that , in much(prenominal) a world , the demands of short-term survival tend to causal agency behavior , even if this strategy threatens long-run health only when as hungry lions will risk death to control down larger prey corporations often sacrifice long-term interests to meet Wall Street s quarterly expectations . As a consequence of these forces , history has shown that , absent substantial government police and enforcement companies behave according to the laws of the corporate jungle . They form anticompetitive monopolies or alliances , choke the environment with unbridled pollution , falsify pecuniary results , bribe government officials , and treat their employees like dispensable objects (Nortz 2004In compare , good motive is defined as that branch of philosophy that defines what is frank for the individual and for society and establishes the nature of obligations , or duties , that people owe themselves and one another . The pronounce ethics is derived from the Greek word ethos , which means character and from the Latin word mores , which means custom In modern society , it defines how individuals , business professionals and corporations choose to interact with one another (Answers .com 2006To place it quite simply , ethics connotes moral conscience and leans more towards the fulfillment of the divine law . That which does not feel right is not right . condescension law , on the other , is dependent on statues or that which has been deemed legal by man .

In other words , even if it sometimes does not feel right , as long as the law allows it , an act becomes permissible in business lawThe website of Answers .com explained the point succinctly when it noted that making ethical decisions in business is often difficult because business ethics is not simply an extension of an individual s personal ethics or a society s standards of right and wrong . fitting being a good person with high ethical standards may not be enough to handle the spoilt choices that frequently arise in the workplaceLaws also permit many actions that will not bear ethical scrutiny . In other words , what the law permits or requires is not necessarily what is ethically right . For instance , laws allow disloyalty toward friends , the breaking of promises that do not have the stature of legal contracts and a vicissitude of deceptionsSince ethics is focused into uplifting that which is good for the majority , business interests tend to favor only the powerful and the rich . tho is that really the case ? Is there really no encounter line between business law and ethics ? I believe that when one makes a little effort in analyzing the relationship of business law...If you want to get a well(p) essay, order it on our website: Orderessay

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