Chat with AI
Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins
Edition 5ISBN: 0073526940Cost Management: A Strategic Emphasis 5th Edition by David Stout, Edward Blocher, Gary Cokins
Edition 5ISBN: 0073526940Do you think there is value to the firm and to its shareholders of a strong ethical climate in the firm?
a. Why or why not?
b. A recent survey showed that 29 percent of teenagers in the United States believe that “one has to bend the rules to succeed” in business. Comment on this result and discuss the implications.
Verified
Step 1 of 5
Business environment refers to various situations under which a business operates. These are affected by many factors like economic, social, and geographical. These factors keep on changing on a regular basis posing a threat on the business to adjust to the changing business environment. Thus, study of the factors affecting business environment is very important.
Step 2 of 5
The environment and the ethical values of a business plays a vital role in the market. The ethical behavior of the business will provide a positive atmosphere to the employees so to provide a healthy working environment. The workers and employees will feel motivated and will work more efficiently as a result company will able to satisfy their customers in a better way.
Step 3 of 5
This will lead to increase and growth in the business which ultimately helps to increase the wealth of the business and hence business will be able to grow at a large scale.
Step 4 of 5
Hence, there should be strong ethical climate in the firm for the better growth of the business.
Step 5 of 5
To conclude, it can be said that the ethical environment needs to be maintained for the growth and expansion of the business.
Why don’t you like this exercise?
Other
