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Legal and Ethical Issues in Organizations

Legal and ethical issues can arise in any organization. How might these issues be different? What sort of relationship exists between the two? Provide an example of each from current events. What might the organizations involved have done differently to prevent these legal and ethical issues

Solution Preview

The best way to describe this is to remember that just because an act is legal doesn't make it ethical, when we're dealing with businesses and management's decisions. It may be legal for corporations to drain the company of money for capital improvements, but because it temporarily reduces the return on investment for investors, who were likely expecting a return on their money, it's not necessarily ethical. There is a direct relationship between ethical and legal issues, in most cases. Illegal acts are always unethical in a business setting. There is no illegal act that I can even think of that would be considered ethical, even if based on the mere ...

Solution Summary

This solution discusses how legal and ethical issues can arise in any organization and how they can be different. I also explain the relationship that exists between the two and provides examples of each from current events. This solution also discusses steps the organization could have taken to prevent the legal and ethical issues from arising.

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