Business Ethics Concepts and the Essay

While making false statements about the vehicle's history is certainly deceitful and unfair, those types of statements fall far short of the legal definition of "fraud" because they are not considered material to the sale (Halbert & Ingulli, 2008).

The Toys "R" Us situation unfair and unethical but did not violate any laws; in those cases it is strictly up to the company to establish policies to prohibit conduct that is unfair to customers and to the general public. Generally, the law only establishes standards of conduct that are sufficiently unjust that criminal enforcement is appropriate; it is not a substitute for ethical judgment.Those who conform only to the minimum standards imposed by criminal statutes may often engage in conduct that is extremely immoral but not necessarily illegal. Therefore, it is up to the individual to make ethical decisions in many instances. In that regard, social mores and family values must supplement where the law allows conduct that is decidedly deceitful, unfair, and immoral, but not necessarily illegal.

References

Halbert, T., Ingulli, E. (2008). Law & Ethics in the Business Environment.….....