The failure to uphold high ethical business standards by a few companies can negatively impact the entire U.S.business community.
The textbook provided the example of the failure of mortgage brokers to perform due diligence on their customers.In their quest to capture a large home buying market,they failed to check the credit worthiness of their customers.As interest rates on adjustable rate mortgages increased,some homeowners were unable to pay their mortgages.The ripple effect of these failures led to job loss,which sent many homes into foreclosure.

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The failure of a few companies to uphold high ethical standards can lead to negative consequences for the entire business community as a whole. The example of mortgage brokers failing to perform due diligence led to a ripple effect that resulted in job loss and home foreclosures.

The Failure to Uphold High Ethical Business Standards by a Few