What are the four key responsibilities of business?
Managers are the people in the organization responsible for developing and carrying out this management process. The four primary functions of managers are planning, organizing, leading, and controlling.
What are business responsibilities?
The first and most important responsibility of a business should be towards the shareholders or the owners who have invested money. They are eligible for a fair return on the money they have invested….Responsibilities
- Shareholders or Owners.
- Customers.
- Employees.
- Government.
- Society and Environment.
What are three business responsibilities?
Typically, most business will have some legal responsibilities relating to:
- business structure and registrations.
- licensing.
- selling goods and services.
- contracts.
- leasing premises.
- employing staff.
- occupational health and safety.
- privacy and information protection.
What are the ethical responsibilities of business?
The ethical responsibility of a business to stakeholders is that the business should be honest about its sales, revenue and profits. Providing stakeholders with a strategic plan for future initiatives also helps to build trust in the organization.
What are the 7 principles of business ethics?
Business Ethics for Executives
- Honesty.
- Integrity.
- Promise-Keeping & Trustworthiness.
- Loyalty.
- Fairness.
- Concern for Others.
- Respect for Others.
- Law Abiding.
What are the ethical responsibilities?
Definition: Ethical responsibility is the ability to recognize, interpret and act upon multiple principles and values according to the standards within a given field and/or context.
What are some examples of ethical business practices?
Examples of ethical behaviors in the workplace includes; obeying the company’s rules, effective communication, taking responsibility, accountability, professionalism, trust and mutual respect for your colleagues at work.
What are the 3 A’s of business ethics?
There are three parts to the discipline of business ethics: personal (on a micro scale), professional (on an intermediate scale), and corporate (on a macro scale). All three are intricately related.
What are the six core ethical values?
The Six Pillars of Character are trustworthiness, respect, responsibility, fairness, caring, and citizenship.
What are five basic principles in professional ethics?
It is divided into three sections, and is underpinned by the five fundamental principles of Integrity, Objectivity, Professional competence and due care, Confidentiality, and Professional behaviour.
How many codes of conduct are there?
The Code of Conduct applies to all members of the U. S. Armed Forces, at all times. There are six (6) articles in the Code of Conduct. The Code of Conduct was established 17 August, 1955 by President Eisenhower.
What are POWS allowed to say?
Explanation: When questioned, a POW is required by the Geneva Conventions and the CoC to only give the name, rank, service number, and date of birth.
Can Pow be tortured?
Like the sick or wounded, prisoners of war (POWs) are protected under the Hague and Geneva laws from any violence, indignity, or biological experimentation. No physical or mental torture, nor any other form of coercion, may be inflicted on prisoners of war to secure from them information of any kind whatever.