Watch the video (Enron Video:http://www.rtbot.net/Enron_Corporation)included in Module 21. Identify...

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Watch the video (Enron Video:http://www.rtbot.net/Enron_Corporation)included in Module 21. Identify the benefits and the costs of conducting business in an ethical way. Use an example from the video to emphasize a point.2. Identify a business you feel may be acting in an unethical manner. This could be your company or a company with which you do business. Discuss this company’s unethical action(s) in terms of how the unethical behavior may be hurting the company in the long run.

David · Accepted Answer

Business Ethics
 
Business Ethics
ABC 
5/12/2013
1. Identify the benefits and the costs of conducting business in an ethical way. Use an 
example from the video to emphasize a point. 
With the Sarbanes-Oxley act in place, the act talks a lot of how businesses should 
conduct themselves ethically. One such section mentioned in the video is the section four 
of four which discusses internal controls of the organization. This section at length 
discusses that the organizations should be aware of their internal controls and, also if 
they work and are effective or not.  
Internal controls are a very important part of any business. If one wishes to run the 
business ethically, the internal controls need to be effective. Else, it won’t take time for 
the business to run the closing juncture.  
With an effective internal control system in place, poor decision making can be 
eliminated or nullified by the business (Cory, 2001). The business would be legitimate 
and would always follow law and order perfectly. There would be nothing like an 
unforeseeable circumstance as far as the company is concerned. In fact, the management 
can conclude the decision making at the earliest and take action when necessary. It helps 
a lot in assessing the various internal affairs and managing the strategic decisions of the 
management. With internal controls in place, there is no room for illegality or unethical 
business to occur. 
Of course, when one sets out to establish a system,

Watch the video (Enron Video:http://www.rtbot.net/Enron_Corporation)included in Module 21. Identify the benefits and the costs of conducting business in an ethical way. Use an example from the video...

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