Since ethics and profit are actually not related, what reasons are Essay - 1

Since ethics and profit be actu ally not related, what reasons are there to apply ethical standards to championship organization at all Is it si - Essay ExampleFor instance, gaining profit out of illicit or prohibited drugs is possible but this does not mean that the entire activity is legitimate as a near(a) act within the society. In fact, the term that something is prohibited justifies further that there is no good about it at all. morals and profit may not be related because creasees may come up with different strategic moves that at some point may compromise what is considered morally good within the society. Thus, specifically there is a defined concept within the society for the preservation of life and that every(prenominal)one is expected to do what is good and right. In line with this, there is a need to understand what ethics is all about. What is ethics? Ethics is concerned about the study of what is to be through with(p) (Kerridge, Lowe and McPhee 1). In other w ords it deals with identifying what is right and wrong (Pojman and Fieser 1). The principles or appraisal of right and wrong are integrated with the world. From the very beginning, humans have already understood what is right for them and everything that will contribute to their survival is good and that what should be done among them. The trial and error process led them to learn and even until forthwith because humans learned a lot from their experiences. Based on these experiences, the idea of what is good and right has remarkably uncovered. ... These rules simply try to protect the lives, rights and privileges of everyone. For example, a politics may set a minimum wage program among private organizations or institutions. This is to be applied in order to set equal privileges among business men and their workers. In this way, workers are also ensured to receive what they deserve and exploitation will be out of the line. Some companies may come up with idea to generate more pro fit and one way of doing so is to cut the budget for those privileges that has been allocated for workers. The main issue in here is the generation of profit of business outside the bound of the social contract. Eventually, under the social contract an employee has the right to receive what is due to him. Thus, ethics may necessary be applicable in this case but there is really a need to apply it in order to emphasize the scope and coverage of the social contract and shake up every business towards its obligations in its employees and vice versa. . Business is associated with the law Under the social contract, business is associated with the law. There are corresponding laws that business should adhere to. For example, every business should adapt a financial reporting standard. One purpose of it is to declare the right figure a company is making in its business in order to pay the right amount due to the government. It cannot be denied that various companies are trying to come up w ith different financial reports depending on their usage for the sole purpose of gaining considerable amount of profit, which is actually the bottom line of all. In some other countries, tax avoidance and evasion are prevalent it is because profit maximization has become a must. Tax evasion is a serious offense and it has