The Malaysian Business Code of Ethics - 2442 Words

The Malaysian Business Code of Ethics (Rukuniaga) Introduction The Malaysian Business Code of Ethics is based on the religions, philosophical and cultural values of Malaysian. It was undertaken by national Consumer’s Protection Consultative Council and Ministry of Domestic Trade and Consumer Affairs to develop self regulation among traders in Malaysia. Objective The Malaysian Business Code of Ethics was formulated with the objective of: - * Preparing the main principles to be applied by Malaysian trader for the benefit of themselves and their customers. * Would help archive high ethical standards among traders so that the interests of all parties are safeguard which in turn would bolster national economic growth. *†¦show more content†¦Why it is so, can form a subject matter of a thesis so will not be a debate matter for this particular article. This article though, discusses the various ethical issues in the business that affect all business workplaces, whether they are local or international. Let us have a look at the ethical issues in business, that are listed below in random order of importance. In business ethics, there is hardly a proper line which can be held on to like the bible, for ethics often sacrifice profits and the idea is to find the optimal balance between the two, so that the business conscience is clear and the profits are reasonable. Know more on ethics in workplace. In a Free, Unregulated Self-Ethics Model If business ethics and values are left to the self of business houses and entrepreneurs, society may have many dead weight losses to bear. A few producers can collectively skimp on supply to increase market prices, a few strong buyers may collectively reduce demand till prices fall and a single entity can capture the entire supply chain and refuse its services to the free market and reserve them for the best price. To top it, the labor market can unite and ask for unreasonable increases in wages and the public transport unions can stand up for price hikes. Who decides whether all this is reasonable and hence ethical, or unreasonable and thus unethical? Who says that an earner who earns lower than the minimum wages is entitled to a wage increase even by somewhat unethical measuresShow MoreRelatedA Study On Malaysian Institute Of Accountants1416 Words   |  6 PagesMalaysian Institute of Accountants By-Laws Background The Malaysian Institute of Accountants website offers viewing of the code of ethics for practicing accountants (2010). As per the website and information therein, The Malaysian Institute of Accountants set up the Ethics Standard Board in June 2009 in order to supplement the Malaysian Government’s push to promote greater integrity and ethics. The vision of the Ethics Standard Board is to adopt high quality professional and ethical standards forRead MoreDifferences between American and Chinese Business Values984 Words   |  4 Pagespreferences towards the products, yet, the business strategies and cultural issues are overlapping. Moreover, people possessed several of cultural senses and beliefs in views, opinions, and perhaps in decision making, that there will be more understanding and the ability to cope with different cultures. There are similarities between American and Chinese which is in business ethic values, assimilation of current cultures, punctuality, and consensus: 1. Business ethic values Ethical behavioural is whichRead MoreXmgt/216 Business Ethics Across Culture Article Review1313 Words   |  6 PagesBusiness Ethics Across Culture Article Review Matthew Todd XMGT/216 June 2, 2012 Mike Ishmael Business Ethics Across Culture Article Review The first article I would like to elaborate on would be one about business ethics in Singapore. This country has the reputation of being very strict in nature and sometimes unforgiving in the consequences that they often give to people. Over time they have loosened their grip on social matters but still seem to be strict in their manners of businessRead MoreWhat Is Advertising?1110 Words   |  4 PagesAdvertisement is defined as an act of advertising. It is a medium chosen by business sphere in order to introduce their products or services to the public. For instance, poster, radio advertisement, television advertisement, notices, and other paid advertisement are designed to attract the consumers. Advertisement more concern on images and graphics instead of words. While, advertising is defined as non personal communication of information usually paid for attract the buyers. Advertising is essentiallyRead MoreFiddle or Not to Fiddle2003 Words   |  9 Pagesreporting? | | 5 | What are the Accounting standards a Malaysian accountant has to comply with? | | 6 | â€Å"Those  foreign accountants like  to  show an account making a loss, to avoid paying tax†, alleged the Economic Officer. Can it be true? | 6 | 7 | How  and  with what  would you „educate‟ the directors and management staff of the company? | | 8 | References | 7 | * SUMMARY The case is about a financial controller in a Sino – Malaysian joint venture was asked by a director representing theRead MoreJextra Case2919 Words   |  12 Pagesinclude those related to law, culture, and ethics. The report also analyzes anti-bribery corruption enacted by the U.K Bribery Act and the U.S. Foreign Corrupt Practices Act (FCPA). The report concludes with recommendations to Jextra such as seeking proper legal advice, implementing an effective business code of conduct, providing inter-cultural and ethics training to managers, using a geocentrism approach and conducting an internal investigation for the Malaysian category manager. Analysis SocialRead MoreEthics And Morality : Ethics1672 Words   |  7 PagesEthics had the meaning of by showing the moral virtue or showing moral character. Ethics has some connection with rules; which if the behavior of human is well formed and cautiously controlled, it will result the human get approach into desirable way, even if the rules does not stated any things or what to do in particular scenario. There are claims about the equality between ethics and morals in way of definition and the objective but it is not. Actually, morals is a matter of discipline that tellingRead More Business Ethics Essay3290 Words   |  14 Pagesarticle entitled â€Å"Business ethics are set to set to stage a comeback† was published on the 75th page of The Australian Financial Review on the 6th February 1990. Literature Review nbsp;nbsp;nbsp;nbsp;nbsp;Basically, the article discussed several important issues about business ethics. One of the most prominent was the remark she made about business ethics making a comeback. The conclusion was made upon the fact that business ethics are becoming more and more popular among business practitionersRead MoreEthical and Unethical Behavior in Business662 Words   |  3 PagesEthical behaviour in business is essential for the long term survival of both private and public organisations. Do you agree or disagree? Explain. The recent history is littered with organisations that collapsed because of unethical practises .Governments everywhere are increasing concerned with poor business conduct as they affect, not only the organisation but their shareholders and the national economies as a whole. This essay will look at a few recent examples of private companies that collapsedRead MoreHow The Efforts Of Global Accounting Needs Global Standard Ethics? Essay3565 Words   |  15 PagesNeeds Global Standard Ethics? If you were traveling on matter to Mexico City for the first tense, you d be wise to research the local fluency, laws and business etiquette. Similarly, if your audience client operates a greater subsidiary in Mexico and your audit report will be relied upon by users of the principal s bursal statements in Mexico, you need a working notice of international professional standards. You should know approximately the accounting, auditing, ethics and temper control standards

Dbq - American Revolution - 950 Words

One of the most significant events in the history of America was the American Revolution. It was not so significant because of the number of deaths or the affects it had on Americas relationship with Great Britain, but more because of the changes it caused in society socially, economically, and politically. American society was greatly affected socially by the American Revolution. Compared to women in Europe, women in America already held a slightly greater role in society. That role would grow even larger by the end of the Revolution. The artwork of the time shows that the American soldiers and minutemen often depended on their wives, not only to assist them in their duties at camp but also to run the communities while they were off†¦show more content†¦The greatest effects of the American Revolution lie in the political changes of American society between 1775 and 1800. The changes brought about during these times laid the foundation for the strong government of today. Although their first attempt at a Constitution did not succeed, the Articles of Confederation was a very important document in American history. It was ratified in 1781 and lasted until 1789. It had a weak central government and faced problems such as Shays Rebellion, the Newburgh Conspiracy, a large amount of debt, and other problems with farmers, merchants, artisans, and manufacturers. There were four main reasons the central government faced these problems: 1. They could not tax or make states give them money. 2. They could not control commerce between states. 3. Not only could the nation coin money, the states could coin money as well. 4. They could not make people fight in the military. At the Annapolis Convention, Hamilton and Madison, along with others, realized that changes needed to be made to the Articles of Confederation and made plans to meet later in Philadelphia with representatives from each state. It was there that the Constitution was written after many long months of consideration and compromising. On December 7, 1787 Delaware unanimously voted to ratify, with most states following shortly after. It was ratified early in 1788. AlthoughShow MoreRelatedAmerican Revolution Dbq5241 Words   |  21 PagesAmerican Revolution DBQ AP US History Mr. Hodgson Question From the late 1760s to July 4,1776, American colonists moved from merely protesting the decisions of King and Parliament to a Declaration of Independence and a Revolutionary War to overthrow that authority. Using both your own knowledge and the documents provided, identify and discuss the turning points which marked this changing relationship. Document A Document B SOURCE: George Hewes, 1773 - FirsthandRead MoreDBQ #1 : Political, Social and Economic effects of the American Revolution2546 Words   |  11 PagesThe American Revolution was fought from 1775 to 1783, between [former] colonies and british soldiers. The revolution was fought so that the colonist could get from under the british government which they felt was overbearing and had been misusing their powers. The revolution which ended in seventeen eighty-three with the signing of the treaty of Paris. The former colonies where now their own individual entity, they were now Americans; living in the newly renamed United States. Post- American RevolutionRead MoreTo What Extent Did the American Revolution Fundamentally Change American Society?851 Words   |  4 PagesVieira September 24, 2012 DBQ: To what extent did the American Revolution fundamentally change American society? In your answer, be sure to address the political, social and economic effects of the Revolution in the period from 1775 to 1800. After the American Revolution, Americans, who were free of British control, started to reevaluate politics, the economy and society. After breaking away from what they thought was a corrupt and evil government, Americans changed how they wanted to governRead MoreEssay on Development of the American Identity Between 1750 and 1776919 Words   |  4 PagesKeum Yong (Andrew) Lee DBQ – Score 8/9 (95) In what ways and to what extent did the â€Å"American identity† develop between 1750 and 1776? Though the American colonists had not achieved a true, uniform sense of identity or unity by 1776, on the eve of Revolution, the progress towards unity and the inchoate idea of an â€Å"American† between 1750 and 1776 is inevitable in both existence and significance. Previous to the French and Indian War, America as a whole had been, more or less, loyal mercantile-basedRead MoreWomen Reform Dbq1105 Words   |  5 PagesDBQ During the time period from the end of the American Revolution to the Civil War, American womanhood changed greatly. Due to differing beliefs during the time the American women’s ideals became to change. At the time, main beliefs were the â€Å"republican motherhood†, or the thought that women had power in the country’s politics in the sense that they raised the next generation, and the â€Å"cult of domesticity†, or the thought that women should be submissive, moral, and take care of their husbands andRead MoreDBQ for AP US History Essay2093 Words   |  9 Pagesstill happened 3. How did the treatment of Americans by British officers and the military, during the war, contribute to simmering resentment against the mother country? Do the attitudes and behavior of the colonists during the war suggest that Americans felt less real patriotic loyalty to Britain and that the ties had become largely practical ones? The way the British officers treated the Americans during the revolutionary led to the Americans having even more reason to want to rebel, yes byRead MoreAp Exam Essays1660 Words   |  7 PagesSuburbanization †¢ The growth of the Sun Belt †¢ Immigration to the United States 2009 [pic]AP Exam Essays 1. DBQ: From 1775 to 1830, many African Americans gained fredom from slavery, yet during the same period the institution of slavery expanded. Explain why BOTH of these changes took place. Analyze the ways that BOTH free African Americans and enslaved African Americans responded to the challenges confronting them. 2. Analyze the ways in which British imperial policies between 1763 andRead MoreMath Essay843 Words   |  4 PagesGeneral Information on the DBQ The required DBQ differs from the standard essays in its emphasis on your ability to analyze and synthesize historical data and assess verbal, quantitative, or pictorial materials as historical evidence. Like the standard essays, however, the DBQ is judged on its thesis and argument. Although confined to no single format, the documents are unlikely to be the familiar classics (such as the Emancipation Proclamation or the Declaration of Independence), but theirRead MoreApush Dbqs Essay2248 Words   |  9 Pages2011 DBQ: (Form A) 1. Analyze the international and domestic challenges the United States faced between 1968 and 1974, and evaluate how President Richard Nixon’s administration responded to them. (Form B) 1. Explain the ways that participation in political campaigns and elections in the United States changed between 1815 and 1840, and analyze forces and events that led to these changes. 2010 DBQ: (Form A) 1. In what ways did ideas and values held by Puritans influence the politicalRead MoreDBQ Questions781 Words   |  4 Pagesï » ¿DBQ QUESTIONS Writing the DBQ Civil War Assess the following quote: â€Å"Ultimately, the Civil War reduced sectional antagonism and made the United States truly ‘one nation.’† ____________________________________________________________________________________________________________________________________________________________ The Constitution Using information from the evidence below as well as your knowledge of the period, discuss the development of the United States Constitution as a

My Best Friend Susie Free Essays

My best friend’s name is Susan, however, she prefers to be called Susie. Susie is a petite girl. She has sleek light brown hair that flows across her back, but she usually wears a braid. We will write a custom essay sample on My Best Friend Susie or any similar topic only for you Order Now Her complexion is a fair cream color, with a pair of amber eyes. Susie also has very light brown freckles scattered across her small oval face. She wears a cheerful smile. Susie also has a nice soft, warm voice. Susie can act somewhat shy around people with whom she is not well acquainted with. As a result, her shyness may be mistaken for rudeness, but once you get to know her you will notice that she is a very caring and intelligent person. She is also exceedingly good at sports. She plays basketball, soccer, tennis, does a little bit of golf, but her favorite sport is volleyball. When I first met Susie, I was very surprised too see that she was great at playing so many sports, especially volleyball. When it comes to Susie’s dress style, she likes to wear brilliant colors to express her cheerfulness, particularly colors like light pink, lime green, violet, or teal. On casual days she wears a t-shirt with a pair of light blue denim jeans, and sport shoes. Occasionally she likes to wear long skirts or dresses accompanied with a pair of boots. She also likes to wear a very nice apple scented perfume. Susie is a very talented and intelligent person. Aside from playing sports, Susie has a variety of hobbies. She likes to read, play the flute, practice art, and she also likes to write music and poetry. Susie is really passionate about art and sports. In fact, she always talks to me about how she wants to pursue a career as an artist and a volleyball player when she is older. Some of Susie’s favorite art pieces are the â€Å"Mona Lisa† by Leonardo da Vinci, and â€Å"Sunflowers† by Vincent Van Gogh. Susie’s personality can be described as a mixture of fun, caring, sporty, shy, artistic, and intelligent. My favorite trait about Susie is that she is very caring. She is always willing to stop what she is doing to help others. In conclusion, Susie is my best friend in the whole world, and I’m really happy to have her as a friend. How to cite My Best Friend Susie, Papers

Prior Knowledge and Its Role in Opportunity Evaluation

Question: Describe about the prior knowledge and its role in opportunity evaluation. Answer: Ideas for a business venture that are viable commercially are very rare. The interested person or party needs to have a complete understanding of the sector that is chosen for the venture and for this prior knowledge is crucial. Cashing in on an idea for a business venture could go wrong in many ways and cause immense losses to the investors (Foss, Lyngsie Zahra, 2013). Some of those are lack of insight of the investors in the selected business sector, poor objective evaluation, insufficient financial understanding, and poor management of human resources, incomplete understanding and upgradation of the technical requirements. These problems are, however, scaled down to a form which can be dealt with, should the problem arise, by having prior knowledge while evaluating business opportunities. Having first-hand knowledge and work experience in the chosen field makes the people who are starting a business aware of the uniqueness of the chosen venture, the target markets where their product would best thrive, the expected growth rate and profitability, the regulatory and legal issues associated with the business, the cash flow and resource management (Gupta, Turban Pareek, 2013). The most crucial step in a business start-up is opportunity evaluation and a person with prior knowledge can best do so by identifying the opportunity and analysing it by employing the lateral and vertical thinking techniques, chalking out a business plan, arranging sufficient capital, having a clear organizational structure with proper definition of roles and responsibilities among the employees and managers and an attempt to meet the break-even point without failure (Wang Bansal, 2012). Legal Structures for New Ventures New ventures often get got up in regulatory and legal issues. This problem arises not only because the firms are often unaware of such issues but also when the firms focus so eagerly on amassing profits that they indulge in unethical acts. These ethical dilemmas that the entrepreneurs face often makes them act either for the firm by indulging in cases like bribery, manipulating suppliers and price-fixing (Park Steensma, 2012). In other cases, they act against the firm through cases of embezzlement, false appraisals and import of sub-standard products. The Australian Institute of Criminology in the year 1992 defined such a situation as Punishable acts that are committed by an individual in controlling positions which benefit the entrepreneur personally. The Global Corruption Report ranks countries worldwide on a scale of 0-10 where zero is indicative of a highly corrupt nation and ten is clean. Entrepreneurs need to be well aware of the impact that cases of corruption have on the brand image and consequently on company growth. They affect transaction costs which causes damage on the suppliers end and also diminishes the trust of the customers. Corruption in a new venture usually is a by-product of the political instability in the region. Steps to prevent this include prevention of counterfeiting, IP theft and piracy (Wang Bansal, 2012). Patents, be it commercial, scientific or internet-related, should be in place. Trade secrets should not be exchanged openly and only trusted employees should have access to these. Copyright protection must be presented in a written and recorded form. References Foss, N. J., Lyngsie, J., Zahra, S. A. (2013). The role of external knowledge sources and organizational design in the process of opportunity exploitation.Strategic Management Journal,34(12), 1453-1471. Gupta, V. K., Turban, D. B., Pareek, A. (2013). Differences between men and women in opportunity evaluation as a function of gender stereotypes and stereotype activation.Entrepreneurship Theory and Practice,37(4), 771-788. Park, H. D., Steensma, H. K. (2012). When does corporate venture capital add value for new ventures?.Strategic Management Journal,33(1), 1-22. Wang, T., Bansal, P. (2012). Social responsibility in new ventures: profiting from a long term orientation.Strategic Management Journal,33(10), 1135-1153.