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Word Count: 784
The interpretation of moral responsibilities of businesses are interchanges day to day from difference points view Moral responsibilities of a foreign business has become a hot topic in the United States and around the global as of late This has resulted in growing interaction between governments businesses and society as a whole In the past businesses primarily concerned themselves with the economic results of their decisions However businesses reflect on the legal ethical moral and social consequences of their decisionsAs Friedman stated there is one and only one social responsibility of business -- to use it resources and engage in activities designed to increase its profits so long as it stays within the rules of the game which is to say engages in open and free competition without deception or fraud Ethics of multi-corporations involves actions that are morally upright Its common knowledge that most of the activities corporations are engaged in may not meet the required ethical standards This is because many businesses tend to focus on profit making rather than any other thing Business ethics is an upcoming issue mainly due to the sheer number of persons involved The actions of a few persons may seem safe on a small scale but on a large scale such actions could be devastating For instances situations that may be considered unethical is the firing or employees to keep the profit margin of a company high In the wake of the financial breakdown many people lost their jobs Majority of individuals who lost their jobs included civil servants who are middle class persons In order to ensure that the corporations save some money most of these workers were laid off Such an action is considered unethical Corporations are based upon the fundamental of increasing profits every fiscal period to survive and compete with others The issue of corporate social responsibility another apart of the financial and societal argumentThere are those who debate moral responsibility
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