Business Ethics Topics.. 5 questions each have their own title Essay

Business Ethics Topics.. 5 questions each have their own title - Essay Example If the objective is to achieve the greatest good for the greatest number, one must work with estimates. (97) McGee explains that the most important principle that all ethical organizations in all cultures should consider is not to breach or contribute in any way to the breaching of individual contract rights. Rosenthal (2013) says â€Å"Ethics in international business is a very complex issue since ethical standards differ among different countries. Some issues which organizations should establish an ethical standpoint include corporate governance, social responsibility, targeted marketing and corruption.† When trading in international markets, participants should be aware of different ethical standards and business standpoints of various groups around the world. A trader should always ensure that high ethical standards are observed and also be prepared to accept the different standards and expectations of others as well as the reasons for them. Bibliography Frankel, Paul, McG ee, Robert, and Tibor, Machan. Business Ethics in the Global Market. Hoover institution Pr.1999.print Rosenthal, Joel. â€Å"Ethics and International affairs: A primer†. ... al with the help of what is not public knowledge and therefore giving them an advantage over the rest of the market participants who are on the outside (Machan and Chester, 131) The Pros of insider trading includes: it increase the overall efficiency of transactions in the market. McGee (2009) argues that â€Å"those trading from the inside send signals to others whose reactions then help propel the market to its new level of efficiency† (67).Another pro for insider trading according to McGee is that it allows the executives to use inside information to cut the company costs through saving on payroll costs. It is an alternative form of compensation that makes it possible for the organization to pay a lower salary (McGee, 67).The cons of insider trading include; it is morally not right for some individuals to gain from inside information by making huge profits with such little effort. Also business is like level playing field where all individuals should benefit from informatio nal equally and not where others enjoy informational advantages over others. Insider trading is economically beneficial since stocks can trade at prices that reflect more information. Those who are against insider trading base their arguments on emotional appeals and not sound economic analysis. Bibliography Machan,Tibor & Chesher,James. A Primer on Business Ethics.Rowman & Little field. 2003.print McGee, Robert. â€Å"Analyzing Insider Trading from the Perspectives of Utilitarian Ethics and Rights Theory†. Journal of Business Ethics Springer.2009.DOI 10.1007/s10551-009-0068-2 Question#3. Capitalism is the political economic system in which the institution of the right to private property is fully protected. It is an economic arrangement of an organized human community. It is a type of legal order