1. How important are business ethics to a company and their success?

Explain using your

own words

Business ethics is a fascinating branch of business theory, owing to the fact that it is inherently
fascinating in a market economy. In market economies, people have a high level of distrust for
corporations, and the larger they are, the worse the problem of trust becomes. As a result, business
ethics are politically charged in a variety of situations, and this serves as a benefit.

One of the importance of business ethics is public image. Each company has a distinct
public image that reflects how the general public perceives the company. Wal-Mart, for example,
has a bad reputation. Toyota, on the other hand, has a glowing reputation. These public perceptions
are the result of a variety of factors, but they are primarily the result of how a corporation acts in
relation to various issues.Business ethics, which determine behavior, play a large role in
determining public image because it is largely a result of company behavior. And, in most cases,
public image is critical to success, which is one of the reasons why business ethics are critical to a
company's overall success.

The environmental policy of a company, how they treat their employees, and how they
treat the communities in which they operate are all part of their overall behavior, which is the most
important factor in determining their public image. As evidence, you'll notice that, despite
producing products of reasonable quality at a low price, Wal-Mart still has a negative reputation.

Second importance is when they want to investment. When an individual or a company

considers investing in a specific stock, there are a variety of factors to consider. Aside from the
quantitative factors affecting a company's profit margin and future prospects, the intangible
dimensions of a company's brand image and the goods it sells are also taken into account. All this
things will be considerate before final investment decision is take. As a result, a business that
wishes to encourage more investment is one that values business ethics. This is because companies
with strong reputations in the field of ethical business behavior tend to attract more investment
from newcomers to the market. Investment is unquestionably crucial for the success.
 Third importance is partnerships. Joint ventures are commonplace in the business world.
They occur frequently because they have such a significant impact on businesses' bottom lines. A
joint venture can make or break a company, and one of the reasons joint ventures are successful is
that they occasionally combine the forces of two extremely powerful companies. If you want your
business to succeed in joint ventures, you'll need good partners. The only way to attract good
partners is to have a good track record as well as a good overall reputation for your company.
2. What are the ethical issues in provision shop?

A provision shop is a store that sells food and other necessities like buckets, cups, and detergents.
The environment is being harmed by ethical issues in provision shops. Overconsumption of energy
and water, waste, packaging issues, inappropriate chemical use, genetically modified products, and
other environmental issues are all present. Provision shops are causing more traffic congestion and
pollution in the city.

Second, food safety in provision shop is another ethical issue that has piqued the public's
interest. Provision shop’s food is accused of being unhealthy and obesogenic. Provision shop try
their hardest to promote food products that are high in fat, salt, and sugar in order to increase
profits. The question of whether these foods are good or bad for people's health is purposefully
avoided. Furthermore, some provision shop have been accused of tampering with the products.
Lower prices can be offered to customers in areas where there is a lot of competition. However, in
another area with fewer competitors, the same products can be found at a much higher price in the
same type of provision shop. They always promising their consumers to offer goods with good
quality and low price. It is true with some food or products for daily usage, such as bread, sugar,
battery, etc. But with those that the consumers are not familiar with at all and the price cannot be
judged easily, the prices are always raised a lot.

Third, provision shop are being chastised by the public for stifling the economy in rural
areas by using their big purchasing power to drive down food prices. Meanwhile, the demand for
food product simplification and consistency reduces the variety of agricultural products. Provision
shops, in addition to polluting the environment and harming people's health, are "destroying
agriculture and ruining the countryside, dismantling communities and undermining local
economies, and reducing both biodiversity in the countryside and consumer choice."
3. What does honesty is the best policy mean

The best policy is to be honest means that telling the truth is preferable to lying, regardless of the
consequences. Because of the potential consequences of telling the truth, it can be difficult at times
to tell someone the truth. If you tell the truth, someone may think less of you, you may lose a
business deal, and you may even face a fine or a jail sentence. The adage "honesty is the best
policy" comes to mind. The proverb "honesty is the best policy" means that it is preferable to admit
one's flaws and accept the consequences than to live in authentically or in fear of being discovered.
It is critical to be trustworthy and honest, as well as to demonstrate sincerity and truthfulness. Little
white lies, on the other hand, do not compromise one's integrity. A white lie is a small deception
used to protect another person's feelings. Benjamin Franklin, an American statesman who lived in
the 1700s, is often credited with coining the phrase "honesty is the best policy."
4. What is the difference between Code of Ethics Code of Conduct and Code of Practice

What is the difference between a Code of Conduct and a Code of Practice for some organizations?
A Code of Conduct is essentially a set of guidelines that recommend voluntary actions that
members may or may not follow. The guidelines become mandates, and those who wish to comply
with the Code of Practice must follow exactly what is laid out in the code in order to comply with
it and be covered by it. As a result, when an industry, an association, or a company develops a
Code of Practice, it has more substance and must be followed precisely.

Codes of practice provide detailed information on specific work tasks in terms of safety
and standards. A code of practice provides detailed information on specific work tasks to assist
you in meeting the work health and safety (WHS) laws' requirements. These do not take the place
of WHS laws, but they can make it a little easier to understand what you need to do. A code of
practice is a set of written guidelines established by a professional association to assist its members
in adhering to appropriate ethical standards. OSHA, for example, establishes codes of practice for
a variety of industries and practices, such as safety management and construction (industry)

The differences between code of ethical and code of conduct is the board of directors issues a code
of ethical that includes the organization's core ethical values, principles, and ideals. A code of
conduct is a directive document that outlines specific practices and behaviors that must be followed
or avoided within an organization. A code of ethics is broad in scope, whereas a code of conduct
is more specific.

Codes of Conduct are derived from codes of ethics, and they transform rules into specific
guidelines that must be followed by all members of the organization. A code of ethical is a shorter
document than a code of conduct in terms of length. A code of ethical governs the organization's
judgment, whereas a code of conduct governs its actions. The Code of practice is open to the
public, which means that anyone can read it. The Code of Conduct, on the other hand, is only
addressed to employees. The focus of a code of ethical is on values or principles. Code of Conduct,
on the other hand, is concerned with rules and regulations.
5. How do you expose a coworker who pretends to know their job but copies from you?

First is gather evidence. We should always make a point of gathering some kind of proof that this
mishap occurred. This prevents it from becoming "gossip" or being used as a justification for
dismissal by upper management. It also demonstrates to the other two parties that you are serious
about getting it resolved. People who enjoy complaining will never put in the effort required to
gather evidence, which will demonstrate to your boss and coworkers that you are serious.

Second is confront the person. It is critical to first speak with the coworker and understand
their perspective on the situation. It's highly unlikely that they'll apologies and ask forgiveness,
thereby changing their ways and regaining their position as a valuable employee. It's worth a shot,
though. If someone falls into a rut, they are entitled to a second chance.

Third is approach a direct superior like manager. Your management must be aware of the
situation. A boss must confront someone who is riding on the backs of others in the company. The
most important thing for that manager to do is to start keeping track of everything. This incident
should be documented to show the problematic employee how serious the company is about
integrity, as well as to serve as the beginning of an evidence file if the problem is severe enough
to warrant dismissal.

Finally, follow-up. This is the most crucial part. As time passes, you should check in with
your supervisor and coworker. To maintain a healthy work environment, it is critical to maintain
a stable relationship with your coworker. It's just as important to check in with the supervisor to
make sure this isn't happening again and that the proper steps have been taken to address the
situation.
6. Explain how does culture affect behavior with regard to business ethics and does business
ethics change depending on the country If so please provide an example of a business practice
that?

Not all business ethics are created equal. When a company expands internationally, it may
encounter standards that are not the same as its own. Many people still believe that business is
solely about following basic business principles and making money. They believe that cultural
issues are unimportant. These issues are important in a variety of ways. People do business with
people they like, trust, and understand, even if they are focused on the bottom line. All of these
major issues are influenced by culture.

The first case illustrates how a minor issue, such as local flavor preferences, can have a
significant impact on a multibillion-dollar corporation. Cultural factors have a significant impact
on business. Employees' values and priorities have an impact on how they are managed. It also has
an impact on the marketing, sales, and distribution departments. For example, KFC in India have
vegetarian menu options such as the Veg Zinger, Paneer Zinger, Potato Krisper Burger, and Hot
Veg Snacker but all this item cannot be found in Malaysia.

In a global market, understanding cultural differences can mean the difference between
success and failure. Each country has its own set of customs, history, traditions, and ethical code.
The language barrier is one of them. When communicating with foreign contacts, businesses
frequently rely on translators. Unfortunately, translations do not always convey the same
meanings, resulting in misunderstandings or misinterpretations of ideas, expressions, and feelings.
For example, Malaysia Company receive a new machine and the way to operate a machine is
known by China country person. So the China person will feel hard to explain and teach to
Malaysian as some don’t understand Chinese.

Another issue is that of gender. While there are more women in higher-level business
positions in the United States, this is not the case in other countries. Women do not always receive
the same level of respect and attention as men. When planning meetings or appointing managers
for foreign subsidiaries, international companies must consider the gender hierarchy in other
countries such as Afghanistan.