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Standard of Ethical Behavior

Do you think business is held to a different standard of ethical behavior than the average citizen? If yes (no), why do you believe there are differences and what supports these differences?

Note: The sources should be cited.

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Hi,

Interesting questions about business and ethical expectations! Let's take a closer look.

RESPONSE:

1. Do you think business is held to a different standard of ethical behavior than the average citizen? If yes (no), why do you believe there are differences and what supports these differences?

By definition, business is (and perhaps needs to be) held to a different standard of ethical behavior than the average citizen. In part, this is why business and commerce are regulated through laws and regulations. (1) In other words, if I made a mistake in my personal accounting, it is not the same as when a business makes a mistake in its accounting records. The stakes are not as high for the average citizen. Thus, laws regulate commerce to protect citizens and all stakeholders, and in fact, commerce is part ...

Solution Summary

This solution explores the questions: Do you think business is held to a different standard of ethical behavior than the average citizen? If yes (no), why do you believe there are differences and what supports these differences? References provided.

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