Question

Find a business that has participated in unethical behaviors (unfortunately, that should not be hard to find) and summarize what happened. Tell us how would you have handled the problem or what you would have done to prevent this from occurring? Respond to the post of at least 2 others in the class.

Answer 1

Here I am selecting the Tesco company and their unethical behavior. The Tesco is a British multinational groceries company and third largest business in the UK. The major unethical issues against them were they are paying low prices to the suppliers in the UK to maximize their profit. Also, their arguments for creating jobs for local people went the wrong dimension. They given false information on Jobs they are creating in the local community.

Prevent these practices in future

Takes active interest of accounting department on the business finances

The company should have visibility of payment movements

Create E-invoice solutions

The government should create prompt payment code