Assignment:
Outlined below are five questions which need answered regarding bribery, code of business conduct, business strategies, code of business ethics, and personal/business ethics. The word count for each question is highlighted. Please address each answer separately.
1. Discuss bribery. Would actions, such as politicians adding earmarks in legislation or pharmaceutical salespersons giving away drugs to physicians, constitute bribery? Identify three business activities that would constitute bribery and three actions that would not.
2. If you owned a small business, would you develop a code of business conduct? If yes, what variables would you include? If not, how would you ensure that your employees were following ethical business standards?
3. Why should firms formulate and implement strategies from an environmental perspective?
4. How can firms ensure that their code of business ethics is read, understood, believed, remembered, and acted on rather than ignored?
5. What do you feel is the relationship between personal ethics and business ethics? Are they or should they be the same?