What are Common American Business Ethics?

American business ethics are based on the idea that it is possible to maximize
wealth and profit while also being committed to upholding values and laws. Many
commercial ethics concepts used regularly within the United States span a wide range
of business functions and departments. General professional conduct, social values,
anti-discrimination, fair labor standards, financial responsibility, and honest marketing
are among the most common American business ethics.
All types of companies in the United States, whether small businesses or large
corporations are expected to keep accurate financial records and pay taxes that are
due. Financial responsibility is one of the most basic business ethics; sales records and
receipts must be properly accounted for to produce accurate profit or loss statements.
Corporate social responsibility (CSR) is a popular form of American business
ethics. It basically means that a company carefully considers its manufacturing sources.
Social ethics include not supporting child or slave labor. Environmental concerns are
also a common form of CSR; many companies today use packaging from recycled
sources and paper from non-threatened forests. CSR values are often used in many
marketing campaigns in the United States as well as other countries.
A wide variety of professional conduct ethics are common throughout the United
States. Bribery, in which someone in a business is paid personally rather than
professionally to use the company services or put a person ahead to receive something
other customers must wait for, is considered unethical in America. Insider trading is
another of the most common American business ethics. This refers to a stockholder
selling or buying based on the unfair advantage of having inside information rather than
through the way other stockholders are informed.

ETHICAL AND SOCIAL ISSUES

A number of ethical and social issues may apply to toxicogenomic. These issues
include privacy and confidentiality, issues related to socially vulnerable populations,
health insurance discrimination, employment discrimination, individual responsibility,
issues related to race and ethnicity, and implementation.