What legal mechanisms protect intellectual property?
Chapter 5: Ethics ● Business Ethics ○ EthicsStandards for right and wrong behaviors ○ Business ethics Same as the above, just for the business world and business persons. Businesses have different duties than a normal person would. ○ Why is studying business ethics so important ■ Profit maximization Makes sure that all resources (materials, money) are properly used and none go to waste. (theory 1) ■ The rise of corporate citizen Not everyone is happy with the current allocation of resources. ● Triple bottom line The performance of a business as rated by three criteria: profits; imp