Unethical Practice Sources for your Essay

Vioxx Demonstrates the Unethical Practice Perpetuated Within


It is revealed that the sudden pull out of Vioxx from the market resulted to the drastic fall of the company share price and Merck's share price fell $45 to $33 wiping out the $28 billion in market capitalization. (Appleby & Krantz, 2004)

Vioxx Demonstrates the Unethical Practice Perpetuated Within


Robert Ernst, Carol's husband developed cardiovascular complexity for continuously taking Vioxx and six months after he took the drug, Robert developed cardiovascular complexity, which eventually led to his death. (Mancinelli, 2006 )

Vioxx Demonstrates the Unethical Practice Perpetuated Within


Despite a clear warning sign, Merck continued to develop an aggressive marketing campaign for the drug. (Presley, 2005)

Detecting Unethical Practices at Supplier


The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer" (Crystall, 2011)

Detecting Unethical Practices at Supplier


3. Definition of business ethics "The study and philosophy of human conduct, with emphasis on determining right and wrong" (Ferrell, Fraederich and Ferrell, 2009)

Detecting Unethical Practices at Supplier


Ethics is often restricted to rules and norms relating to specific codes for specialized groups, e.g. code of ethics of the accounting profession" (Rahim, 2010)

Unethical Practices and Behavior in Accounting. Review


It is only for the present / this time alone); and distortion are not hurting anyone The effect of the Sarbanes-Oxley Act of 2002 on financial statements Companies were no longer allowed to self-regulate their accounts. Instead, the SOX created the Public Company Accounting Oversight Board (PCAOB,) which was empowered by the Securities Exchange Commission (SEC) to regulate the financial accounts of companies and enforce the accounting regulations (Lasher, 2008)

Unethical Practice in Mortgage Lending


One such company was Ameriquest. "Regulators have charged that Ameriquest has been too aggressive by not fully disclosing loan terms, slipping in hidden loan fees and approving some loans by distorting a person's income or value of their home in order to make the loan, and by pressuring over-extended home owners to refinance loans they could not maintain" (Sanders, 2006, p

Unethical Practice in Mortgage Lending


Add in a handful of "credit" conglomerates such as GMAC and GE Capital, which do almost everything imaginable with money but don't take deposits. These players engage in a dizzying variety of transactions, including "repurchase agreements" whereby one party effectively lends cash to another for a very short period of time, often overnight" (Maggs, 2009)

Casts Light Upon the Unethical Practices Carried


Marketing is considered as the backbone of a business organization which enables it to communicate with the customers. It is an unquestioned fact that business is driven by the customers who are primary revenue generators and no business can survive without customers (Kotler)

Casts Light Upon the Unethical Practices Carried


There was a time when product development cycle was triggered by the need of a particular product. Need identification was the basic step in every business identity and organizations came into existence to meet the needs of the customers (Rosenau)

Casts Light Upon the Unethical Practices Carried


It is only after the customer uses the product that he comes across the real features and performance of the product. The organizations boast of their feedback system that they get feedback from their customers (Self and Roche) and use that feedback for improvement of their products

Casts Light Upon the Unethical Practices Carried


Another tactic to attract customer is promoting the price without tax. In the modern 21st century, globalization has removed trade barriers and duties free trade is promoted (Shaikh), yet no fiscal policy is free of taxes

Casts Light Upon the Unethical Practices Carried


The marketing literature is rich in flattering customers about the importance of their satisfaction level for the organizations. Every business organization claims that its success lies in the satisfaction of customer and it leaves no stone unturned to attain the maximum possible satisfaction level (Szwarc)