BE - Chapter One (Edited)
BE - Chapter One (Edited)
BE - Chapter One (Edited)
Government
Customers
Owners
Responsibility towards owners
Run the business efficiently.
Proper utilization of capital and other resources.
Growth and appreciation of capital.
Regular and fair return on capital invested.
1. The society level: which defines ethical behavior and assesses the effect of
business on society.
2. The industry level: which suggests that different industries have their own
set of ethical standards (e.g., chemical industry vs. pharmaceutical
industry)
3. The company level: under which different companies have their own set
of ethical standards
4. The individual manager level: at which each manager and other corporate
participants are responsible for their own ethical behavior
5. The association level: accountants, information technology (IT)
professionals, lawyers, physicians, and management consultants can refer
to their professional association’s charter or code of ethics for guidelines
on conducting business
Cont’d
Thank you!!