What conflicts may exist between a firm's desire to maximize profits and its ethical obligations?© BrainMass Inc. brainmass.com October 10, 2019, 12:45 am ad1c9bdddf
A firm might want to maximize profits at the expense of their ethics. Ethics are tricky because they are very subjective and sometimes something that is perfectly legal might seem unethical. For example, if the need is to maximize profits, the firm might have an incentive to exploit workers, reduce expenses on work safety ...
The correlation between profits and its ethical obligations is examined in this solution.