Question: What Are The Four Areas Of Ethical Business Issues?

What are the major ethical issues in business?

The 5 Biggest Ethical Issues Facing BusinessesAccounting.

“Cooking the books” and otherwise conducting unethical accounting practices is a serious problem, especially in publicly traded companies.

Social Media.

Harassment and Discrimination.

Health and Safety.

Technology/Privacy..

What are the top 5 ethical issues in healthcare?

The major 10 ethical issues, as perceived by the participants in order of their importance, were: (1) Patients’ Rights, (2) Equity of resources, (3) Confidentiality of the patients, (4) Patient Safety, (5) Conflict of Interests, (6) Ethics of privatization, (7) Informed Consent, (8) Dealing with the opposite sex, (9) …

What are the ethical issues in procurement?

Some ethical concepts and principles that relate to the procurement process are:loyalty and respect for rules and regulations.integrity.impartiality and fairness.transparency.confidentiality.avoidance of appearance of impropriety.due diligence.

How can a business avoid ethical issues?

Build a culture of integrity — from the top down.Talk about the importance of ethics.Keep employees adequately informed about issues that impact them.Uphold promises and commitments to employees and stakeholders.Acknowledge and reward ethical conduct.Hold accountable those who violate standards, especially leaders.More items…

What are the different types of ethical issues?

Here are five ethically questionable issues you may face in the workplace and how you can respond.Unethical Leadership. … Toxic Workplace Culture. … Discrimination and Harassment. … Unrealistic and Conflicting Goals. … Questionable Use of Company Technology.

What are the three ethical issues?

Security problems with which an organization may have to deal include: responsible decision-making, confidentiality, privacy, piracy, fraud & misuse, liability, copyright, trade secrets, and sabotage.

How do you identify ethical issues in a business?

When considering an ethical issues it is advised that you follow a stepwise approach in your decision-making process:Recognize there is an issue.Identify the problem and who is involved.Consider the relevant facts, laws and principles.Analyze and determine possible courses of action.Implement the solution.More items…

What are some examples of ethical business practices?

Examples of ethical behaviors in the workplace includes; obeying the company’s rules, effective communication, taking responsibility, accountability, professionalism, trust and mutual respect for your colleagues at work.

What companies have ethical issues?

Examples of business scandals.Equifax. Equifax faced a large ethical scandal when hackers stole data from more than 148 million consumers. … Enron. Enron faced an ethical accounting scandal in 2001 after using “mark-to-market” accounting to fake their profits and misused special purpose entities, or SPEs. … Google.