Do you think ethics is become more or less important in business? Explain it. What is the difference between Ethical Relativism and Ethical absolutism. Explain it by your own words with example

Answers

Answer 1

hics has always been an important aspect of business, but in recent years, its significance has been further highlighted by a growing number of high-profile corporate scandals and increased public scrutiny of corporate behavior. As such, many businesses and organizations are placing a greater emphasis on ethical practices and decision-making.

One of the key reasons for this increased emphasis on ethics is the recognition that ethical behavior is not only the right thing to do, but it also has a positive impact on a company's bottom line. Ethical practices can lead to improved employee morale and productivity, increased customer loyalty, and a better reputation in the community. Additionally, businesses that prioritize ethics are less likely to face legal or financial penalties for unethical behavior.

On the other hand, ethical absolutism and ethical relativism are two theories that help to explain the perspective of ethics.

Ethical absolutism is the belief that there are certain moral rules that are universally and always right or wrong, regardless of the situation or the person's culture. For example, an ethical absolutist would say that it is always wrong to lie, cheat, or steal. This theory holds that there is an objective, universal standard of morality that applies to everyone.

On the other hand, Ethical relativism holds that morality is relative to the individual or the culture, and what is considered right or wrong can vary from person to person or culture to culture. The ethical relativist would argue that lying, cheating, or stealing could be morally acceptable in certain situations or cultures. For example, a relativist would say that something that is considered right in one culture may not be right in another culture.

In conclusion, businesses and organizations are increasingly recognizing the importance of ethics, both from a moral and a business perspective. Ethical absolutism and ethical relativism are theories that help to explain different perspectives on ethics, with the former holding that there are objective moral standards that apply to everyone and the latter believing that morality is relative to individual or culture.


Related Questions

Communication which occurs via small
group discussion would fall under which
category?
A. synchronous
C. horizontal
B. a synchronous
D. vertical

Answers

Answer: A. synchronous

Explanation: Communication that occurs via small group discussion would fall under the category of synchronous communication. Synchronous communication refers to a type of communication that occurs in real-time, such as a conversation or a meeting. It involves people interacting with each other at the same time, rather than asynchronously, where people communicate at different times.

Would the date of the duplicate payments usually be the same or different?

Answers

The identical document date will frequently appear on the duplicate invoice. When it's not, though, the difference probably won't be greater than double your usual payment periods.

What does a duplicate payment mean?

An additional sum has already been paid to the service provider. When the accounts payable systems fail to identify earlier payments, such transactions are performed. The error suggests that a transaction request was sent shortly after an earlier attempt with identical data.

By comparing the information included with the transaction, Authorize.net may spot duplicate transactions. The "Duplicate Window" setting in RaiseDonors has to be changed. If a consumer reloads your checkout page or repeatedly hits your buy button, double transactions may result.

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The wide range of different social and ethnic backgrounds of people from varied cultures, genders, sexual orientation, religion, and other unique life perspectives is called

cultural sensitivity
diversity
inclusivity
variety

Answers

Answer:

cultural sensitivity

Explanation:

A

Answer:

Explanation: DIVERSITY

Diversity refers to the condition of having people varying in social and ethnic backgrounds, genders, sexual orientations, etc

Suppose you have a credit card bill of $1,275 for the month of October. If you pay the full balance before your bill is due, how much will you pay in interest?

Answers

Note that according to the above prompt, no interest will be paid on the credit card bill.

What is the rationale for the above response?

You will not be charged interest if you pay the entire balance before the payment is due.

Because interest is usually imposed on outstanding balances, if the entire debt is paid before the due date, there will be no unpaid balance and hence no interest to pay. Pay the balance before the due date to prevent interest charges and late penalties. If the balance is not paid in full, interest will be levied on the unpaid balance, which may rapidly pile up and make the credit card debt more expensive.

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How do deductions affect the amount of a paycheck?

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Deductions are amounts that are subtracted from an employee's gross pay (their total earnings before any deductions or taxes are taken out) to determine their net pay.

Several types of deductions may be taken out of a paycheck, including taxes, insurance premiums, and retirement plan contributions.

Additionally, some deductions, such as those for 401(k) contributions, are made on a pre-tax basis, which means that they are taken out of an employee's gross pay before taxes are calculated. Other deductions, such as taxes and insurance premiums, are taken out of an employee's gross pay after taxes have been calculated.

Employers must abide by the laws and regulations of the state and federal governments when it comes to deductions, and provide their employees with detailed information about the deductions taken out of their paychecks.

In summary, deductions are amounts that are subtracted from an employee's gross pay to determine their net pay and can include taxes, insurance premiums, and retirement plan contributions. Employers must take these deductions legally and should provide employees with detailed information about what deductions are being taken out of their paychecks.

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What entrepreneurial skills do you think would be necessary to start a DJ business?

Answers

Answer:What Skills Do You Need To Make Money As A DJ Entrepreneur? · Ambition · Drive · Discipline · Leadership · Creative Thinking · Strategic Thinking.

Explanation:

A 10-K financial report includes which
of the following financial statements?
A. Statement of Stock Flows
B. Statement of Cash Flows
C. Statement of Debt Flows

Answers

The Statement of Stock Flows and Statement of Debt Flows are not included in a 10-K financial report.

What is Stock Flows?

Stock Flows is an investment strategy that involves buying and selling stocks with the aim of generating profits from short-term price movements. This strategy focuses on technical analysis to identify price trends and momentum, which can be used to predict when to buy and sell stocks. By carefully timing their trades, investors can capitalize on small movements in stock prices to generate returns. Stock Flows takes advantage of short-term market volatility to capture profits, and it is often used by traders and investors who are looking to profit from stock market movements in the short-term.

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Encouraging a customer to buy a product related to the one they were already planning to buy is known as

cross-selling
networking
referring
upselling

Answers

Answer:

Encouraging a customer to buy a product related to the one they were already planning to buy is known as cross-selling

How Goods Market will be in Equilibrium according to saving and investment approach

Answers

This method states that the equilibrium annual income is established at a level where planned saving (S) equals planned investment (I). If there is a difference in revenue from the market equilibrium, i.e., if it was planned.

What is a Market?

A market is made up of various buildings, institutions, institutions, and processes that allow people to exchange goods and services.

The targeted savings graphs meet at the interest income in a satisfactory competitive equilibrium, or the wanted values of saves and investments are similar to both the absolute measurements of savings and investments as reported in the national income as well as product records and also the desired values.

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Which of the following statements is true of the international business strategy of licensing?

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It allows a firm to enter a foreign market with relatively little risk. The following statements are true of the international business strategy of licensing.

What is business?

An innovative company or group that engages in professional activities is referred to as a business. They could be industrial, commercial, or something else. Businesses that are for-profit operate to make a profit, whereas those that are nonprofit do so to further a philanthropic cause.

An international business of licensing refers that the agreement. That has involved the two firms from different countries, The rights or resources are manufactured in foreign countries. The resources and rights may include patents.

Therefore, The statement is absolutely true. About The international business strategy of licensing.

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Choose one of the topics below. Compare and contrast the way in which you would use technology in 2 different scenarios: 1) discussing this topic with a friend and 2) writing an academic paper about this topic.

work-life balance

appropriate screen time for kids

local traffic congestion

a family vacation destination

one of your hobbies

Answers

Answer:

If I were discussing the topic of work-life balance with a friend, I might use technology such as messaging apps or social media to communicate and exchange ideas. I might also use online resources, such as articles or blog posts, to share information and examples to illustrate my points.

Explanation:

If I were writing an academic paper about the topic of work-life balance, I would use technology in a more formal and structured way. I might use a word processor to write and organize my paper, and use online databases or research tools to find and cite credible sources to support my arguments. I might also use software to help me format my paper according to academic standards and create any necessary citations or references. Overall, the use of technology in writing an academic paper would be more focused on research and organization, while the use of technology in discussing the topic with a friend might be more casual and focused on exchange of ideas and information.

3.Let us assume that President Joe Biden of USA has decided to decrease tax to improve investment in US. Discuss the impact of this policy on the real exchange rate and net export of Ethiopian economy and use the appropriate graphical analysis.

Answers

Answer:

Explanation:

The impact of President Joe Biden's decision to decrease taxes in order to improve investment in the United States on the real exchange rate and net export of the Ethiopian economy would depend on a number of factors, including the specific details of the tax policy and the current state of the Ethiopian economy.

In general, a decrease in taxes in the United States could lead to an increase in investment in the country, which could lead to an increase in the demand for goods and services and a corresponding increase in economic growth. This could lead to an appreciation of the U.S. dollar relative to other currencies, including the Ethiopian birr. This means the relative price of US goods and services will be cheaper than the Ethiopian goods and services.

An appreciation of the U.S. dollar can lead to a decrease in the competitiveness of Ethiopian exports in the global market, leading to a decrease in the net export of the Ethiopian economy. Graphically this can be represented by a shift of the net export curve to the left, meaning that the net export of the Ethiopian economy will decrease.

On the other hand, this policy could also lead to an increase in the inflow of foreign capital into Ethiopia as well, which could lead to an appreciation of the Ethiopian birr relative to other currencies. This means the relative price of Ethiopian goods and services will be cheaper than the US goods and services. This could increase the competitiveness of Ethiopian exports and lead to an increase in net exports for the Ethiopian economy. However, this increase could be more limited than the decrease in net exports as a result of the appreciation of the US dollar.

It's important to note that these are general impacts and there can be a number of other factors that would come into play that would determine the ultimate impact on the Ethiopian economy, such as the effectiveness of the Ethiopian government's monetary policy, the inflation rate, and the external trade policies.

One half of 1% converted to a decimal is

Answers

To convert one half of 1% to a decimal, you can divide the percentage by 100. One percent is equal to 0.01, so one half of 1% is equal to 0.01/2 = 0.005

Completing market research and determining a target market is part of this section of the marketing plan.
O market analysis
O competitive analysis
O marketing strategies
Ostatement of objectives

Answers

Option A is correct regarding marketing plan.

What is market analysis?

An in-depth analysis of the target market and competitive environment for your company within a given sector is known as a "market." The success you can anticipate when you launch your brand and its products to customers in the market can be projected using this study. Market analysis takes into account both qualitative and quantitative information, such as consumer values, wishes, and purchasing motivations. Quantitative information includes the size of the market you want to target as well as the pricing and revenue estimates that consumers are ready to pay.

What is market research?

In order to effectively advertise products to a specific market, market research is the process of acquiring knowledge about that market, including its customers' wants and behaviors.

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Which of the following provides the best answer to the interview question, "What motivates you?"

"I'm most motivated when I get along well with my co-workers and enjoy a positive, engaging, and entertaining work environment."
"I'm most motivated when I know that the position I hold is secure and the salary and benefits package offered to me are fair for the job."
"I'm most motivated when I'm in a challenging and positive work environment, no matter the task. I like to be part of something bigger than myself."
"I'm most motivated when working under pressure. As a matter of fact, the more stress I'm under the more likely I am to rise to the occasion."

Answers

"I'm most motivated when I get along well with my co-workers and enjoy a positive, engaging, and entertaining work environment." the following provides the best answer to the interview question

What is the environment?

The environment can be defined as a sum absolute of all the realistic and non-living atmospheric condition and their effects that influence human life. While all living or biotic elements are animals, plants, forests, fisheries, and birds, non-living or abiotic weather conditions include water, land, sunshine, rocks, and air.

An interview is an organized dialogue in which one person asks questions and the other responds. The term “interview” is commonly used to refer to a one-on-one talk between an interviewer and an interviewee. Individual and group interviews are the two forms of interviews. Interviews with individuals:

Therefore, Thus option (A) is correct.

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Because of inflation, the $1 you will have in the future will be worth _________. a. less than $1 you have today, b. more than $1 you have today, c. the same as $1 you have today, d. it is impossible to know the answer to the question And the answer b. more than $1 you have today is the wrong answer. I just took the test

Answers

Answer:less than it is toda

Explanation:

less than it is today. Inflation is an increase in the overall price level of goods and services in an economy over a period of time. As prices rise, the purchasing power of a dollar decreases, so a dollar in the future will be worth less than a dollar today. This is why it is important to consider inflation when planning for the future, especially when it comes to saving and investing.

Which of the following generally includes a Tally column? a. bar graph, b. pie chart, c. frequency distribution, d. range

Answers

Answer:

C. frequency distribution is the answer.

Explanation:

there is a complementarity between passenger and freight transport system. with some exceptions, such as busses and pipelines, most transport modes have developed to handle both freight and passenger traffic. in some cases both are carried in the same vehicle and in some cases the different modes join to deliver a complete service. what are the advantages of joint operations?

Answers

Some of the advantages of the joint operations are:

access to new markets and distribution networks.increased capacity.sharing of risks with a partner.access to new knowledge and expertiseaccess to greater resources etc.

What does joint operations means in transportation?

In transportation, joint operations typically refers to the coordination and cooperation between multiple transportation providers or agencies in order to provide more efficient and comprehensive service to customers.

This can include sharing resources, coordinating scheduling and routing, and cooperating on marketing and fare structures. This operations can take many forms, such as partnerships between bus and rail companies, or between public and private transportation providers.

The main goal of this operation is often to provide more seamless and convenient transportation options for customers, and to make more efficient use of resources.

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The United Nations has never focused on the international rights of consumer
True or false

Answers

Answer:

true they have never focused on rights of consumers

Explanation:

hope this helps!

A 10-K financial report includes which
of the following financial statements?
A. Record Sheet
B. Balance Sheet
C. Employee Sheet

Answers

10-K financial report includes which of the following financial statements: Balance Sheet, Income Statement (also known as Profit and Loss or P&L statement), Cash Flow Statement, Footnotes to the financial statements.

What does a 10-K financial report include?

The balance sheet, sometimes referred to as the statement of financial position, gives an overview of the assets, liabilities, and equity of a corporation at a certain point in time.

The income statement, commonly referred to as the profit and loss statement, details the revenues and expenses incurred by a business during a specific time period and displays the business's net income or loss.

The cash flow statement gives details on a company's cash inflows and outflows and gives a general picture of how a company generates and uses cash over a given time period.

The part called Footnotes to the Financial Statements contains extra information on the Financial Statements that the reader might find useful.

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Select each of the phases in the project-management lifecycle.


project definition

project initiation

project closure

project monitoring

project execution

project planning

Answers

Answer:

PROJECT PLANNING IS YOUR ANSWER

HOPE IT HELPS

MARK AS BRAINLIEST

Unsecured loans are based on ____________.

Answers

UNSECURED LOANS

Unsecured loans are based on the borrower's creditworthiness and financial stability.

Unsecured loans are loans that are not backed by collateral, such as a house or car. Because the lender does not have any collateral to seize if the borrower defaults on the loan, they must rely on the borrower's creditworthiness and financial stability to determine whether to approve the loan and what terms to offer.

To assess a borrower's creditworthiness and financial stability, the lender may consider factors such as the borrower's credit score, income, employment history, and debts. They may also review the borrower's credit report, which provides detailed information about their credit history and financial behavior. Based on this information, the lender will decide whether to approve the loan and, if so, what terms to offer. This may include the interest rate, loan amount, and repayment period.

Hope This Helps You!

Credit report explanation : to see if borrower is worthy by paying off past debts also to see the borrowers income to debt ratio (if they can afford the debt)

Write an essay of about 2,000 words in length critically discussing the issues concerning the new IFRS 15 Revenue from Contracts with Customers standard for both - preparers and users of financial information.
For your essay:
• You must utilise the relevant literature to demonstrate your understanding related to revenue recognition accounting standard.
• Your essay must provide a good synthesis as well as critical analysis.
• Wherever possible, demonstrate your point(s) with brief, but relevant examples

Answers

The central principle of IFRS 15 is revenue is recognized when the goods or services are transferred to the consumer at the contract price.

What do you mean by Revenue?

Revenue is the money earned by the organization from business operations.

To write an essay on issues concerning the new IFRS 15 Revenue from Contracts with Customers standard for both - preparers and users of financial information.

1. First think about the topic given.

2. Outline some primary ideas for your essay.

3. Research the topic.

4. Write an introduction to the topic.

5. Start writing the main body by keeping the outline in mind.

6. Write a conclusion.

Therefore, By this method, you can write an essay.

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standards for all managers ethical responsibillities are covered in a companys

Answers

Standards for all managers' ethical responsibilities are covered in a company's code of ethics.

The ethical responsibilities of managers are typically outlined in a company's code of conduct, which outlines the standards of behavior expected of all employees. This code of conduct may include topics such as respect for others, honesty, integrity, and compliance with laws and regulations. Additionally, many companies have specific policies and procedures related to ethical decision-making and the reporting of unethical behavior.

Different textbooks were grouped in various ways but in general the six main external environments are economy citing culture politics and law competition technology and natural environment yes or no

Answers

It is true that in general, the six main external environments are economy culture, politics and law, competition, technology and natural environment.

What are the factors in external environment?

An external environment is made up of all the outside factors or influences that have an impact on how a business operates. To maintain the flow of operations, the company must act or react.

The external environment is divided into two types: microenvironment and macroenvironment in which the micro environment consists of the factors that directly impact the operation of a company while the macro environment consists of general factors that a business typically has no control over.

Businesses should consider the following external environment factors which are political, economic, social and cultural, legal, technological, and environmental/natural.

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In 1999, the population of a country was 273,401,000. Of these, 16 million suffered from diabetes (and hence could not consume regular ice cream) and 30 million were lactose intolerant (and hence could not eat ice-cream). On average, consumption per person is 46.6 pints per year. The average price per pint in 1999 was $3.19. What is the market potential in (a) units and (b) dollars? ($ is used as a general unit of currency)

Answers

The market potential in units was approx 10.59 billion. The market potential in dollars was approx 33.8 billion.

What is the market potential?

The assessment of a market's sales revenue across all of its supply channels is known as its market potential. The population that is engaged in the good or service that a company produces or makes available is known as the market potential. In other terms, a company's market potential is its potential to make money if all of its advantages are capitalized and everything goes according to plan. Typically, it is expressed in terms of sales volume, sales units, or potential income. It is a portion of the whole population, with market potential being the entire number of people who could potentially use the good or service.

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Antonia is a nonresident of California who is under 50 years of age. During the year, she worked temporarily in California. Her California compensation is $1,000, which she reported on Schedule CA (540NR), column E. Her Federal compensation is $10,000. Her allowable IRA deduction on her Federal return is $5,000. Antonia’s allowable California IRA deduction that she reports on Schedule CA (540NR), Part II, line 19, column E, is what amount?

Answers

Antonia’s allowable California IRA deduction that she reports on Schedule CA (540NR), column E is B. $1,000.

What is tax deduction?

An option to lower taxable income is a tax deduction. A standard deduction is a single, predetermined deduction. Higher-income taxpayers frequently have significant deductible expenses, such as state and local taxes paid, mortgage interest, and charitable contributions, which is why itemized deductions are popular.

The amount of the California deduction for IRA is the same as the federal deduction. However, the California deduction may be limited by California compensation or by California self-employment income.

Therefore her deduction would be $1000.

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Antonia is a nonresident of California who is under 50 years of age. During the year, she worked temporarily in California. Her California compensation is $1,000, which she reported on Schedule CA (540NR), column E. Her Federal compensation is $10,000. Her allowable IRA deduction on her Federal return is $5,000. Antonia’s allowable California IRA deduction that she reports on Schedule CA (540NR), column E, is what amount? a) $0 b) $1,000 c) $2,000 d) $4,000

Answer: B

Explanation: As a NR She is able to claim the amount of her CA earned income.

Select the correct answer.
Which verb form best completes the sentence?

¿A qué hora _____ usted a mi casa?

A.
vendrás

B.
vendrá

C.
vendrán

D.
vendré

Reset Next

Answers

Answer:

B

Explanation:

What is an important premise of Adam Smith’s conclusion about economic prosperity

Answers

An important premise of Adam Smith's conclusion on economic prosperity is that individual freedom is necessary for a society to prosper.

What is Adam Smith's thesis?

The philosopher developed ideals about economic liberalism, that is, the reduction of state intervention in the economy, generating the least control over freedom of thought, work and private property.

For the author, the more individuals are motivated and encouraged to exercise their individual freedom, the more benefits society will have from the innovation and creativity of each citizen.

Therefore, economic liberalism is a similar approach to the free market, an issue that is so much discussed in an increasingly globalized society.

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Explain the effect on firms and labor market

Answers

Labor market institutions influence economic dynamism by their impact on the supply of a key factor, skilled workers to new and expanding firms, and the shedding of workers from declining and failing firms.
The effect of a change in the labor market on firms and workers can depend on a variety of factors, including the type of change that is occurring, the size of the firm, and the specific industry in which the firm operates.

For example, if there is an increase in the supply of labor, this can lead to lower wages for workers as firms have a larger pool of candidates to choose from and may not need to offer as high of a wage to attract workers. This can be beneficial for firms as it may lower their labor costs, but it can be detrimental for workers who may see their wages decline.

On the other hand, if there is an increase in the demand for labor, this can lead to higher wages for workers as firms compete for a limited pool of candidates and may need to offer higher wages to attract and retain workers. This can be beneficial for workers, but it can be detrimental for firms as it may increase their labor costs.

Overall, changes in the labor market can have complex and varied effects on both firms and workers, and it is important to consider the specific circumstances and context in which these changes are occurring.
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