Chapter 3, Problem 14PI

Summary Introduction

To determine:

The level of agreement with the statement "The only moral of business is making money".

Introduction:

The main purpose of doing business is making money but a business also has some fiduciary responsibilities. It is true that today there is a huge competition in the business world but a company should not forget its ethical and social responsibilities. A company can still make money while adhering to an ethical code of business operations. A moral company gains advantage of its reputation and faith of the society. Good business ethics reduces employee turnover and increases employee productivity which finally results in increased profits.