In the current global business world, companies are required to take into account employee's values and follow ethically sound business practices. Companies must utilize business ethics to insure proper business behavior is followed, companies must also be aware of the consequences of their actions. Based on a code of ethics companies must be aware of adhering to the rules, laws and principles of morality, concerns with fairness and needs of others, taking responsibility of the effects to consumers
3.0 One of the most serious allegations of unfair treatment reported by some Wal-Mart employees is that of being asked to work off the clock. This means that employees are pressured to do overtime work for which they do not get paid. Employees are classified into two categories in which they get paid. They are salaried employees and hourly employees. Hourly employees are also known as non-exempt employees and they don’t have a contract. They are typically paid on an hour-by-hour basis for actual
Question 1 Describe the connection between ethics and business. How does an ethic operate in a business context? (10 marks) The relationship between business and ethics is intrinsically entwined. A successful company, which can effectively recognize and cultivate the relationship and exists between the two. Businesses that exhibit and promote strong corporate codes of ethics are more prosperous in the long run because they show a commitment to an expectation of sound moral behavior. This demonstrates