HonestyTask Description
Select 1 ethical concept relevant to resolving moral issues in business. For the ethical concept, respond
to the following:
? Provide a description of the ethical concept.
? How does the ethical concept impact business?
? Using the library or the Internet, provide an example of the ethical concept being applied in
business.
? Do you think that the ethical concept is important in making business decisions? Why or why not? Answer Preview
.The ethical concept I have chosen is honesty. This concept is defined or described as the state in which one is able to stand for the rightful deeds without indulging in dubious or mischievous actions. This ethical concept impacts business by , Honesty is a virtue that has a myriad of advantages to a business organization in particular. The adoption of honest ways of work enables them firm to get the true face value of its operations. The inculcation of the virtue prevents loss of funds
that would be lost through the employee misappropriation. This means that no employee will be engaged in backdoor deals that will negatively affect the company cash flows and the revenue collections. Good actions rather than degrading ones are very key towards wooing prospective financiers to bring their support to the firm and this will mean having a good capital base to expand and manage the operations of the organization. Moreover, in case of advertisement issues, a firm that chastises honesty and integrity will not lie to the consumers about their products. It is a common practice by most firms to say much about their products when in the real situation they are the worst business partners. Through honest acts, such scenarios would not be witnessed in the business field at all costs. An example of this concept being applied in business is; Well, we all understand all the activities that business
.APA 612 words
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