Legal and Ethical Issues in Business
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If the majority of companies strive to conduct their business ethically, why is there a need to create laws? How are ethics different from the law? How are ethics and the law the same? Support your answer with real-world examples.
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Solution Summary
Corporate America, laws and ethics are examined.
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There is a need to create laws because when a company does act unethically and it costs the stakeholders their jobs and life savings, someone has to be held accountable for the comapny's actions and someone needs to compensate those that have lost it all. For example, when Enron lied on their financial reports and it was found out only when the company went under, someone had to be held accountable. The same applies to ...
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