Some of costs associated with unethical behavior in organizations are government fines and penalties, legal and investigative costs incurred by the company, customer defections, civil penalties arising from class-action lawsuits and other litigation, the costs of providing remedial education and ethics training to company personnel, lost of reputation, the cost to shareholders in the form of a lower stock price, cost of taking corrective actions, higher employee turnover, administration costs associated with ensuring future compliance, and higher recruiting cost and difficulty in attracting employees
Week 4 Discussion Response- Account for Managment Decision Making
Account for Management Decision Making Week 4 Learning Resources Costs There are many different types of costs that impact a manager’s decision making. Therefore, it is imperative that managers understand what each type is as well as the ones relevant to a specific decision. In these resources, you will examine