Legal and Ethical Decision-Making

Running Head : Non-Substance Dependence

Student 's Name

Course Code , Semester , Year

Lecturer

February 4 , 2009

Laws and Ethics in Business

For any business to flourish and achieve its desired goals it must abide by the rules and regulations set both internally and externally . Leaders of any organization need to be sufficiently self aware , cognitive and morally developed in to understand not only how to develop a shared vision within their organizations but also how to effectively communicate and implement it through organizational development and stakeholder engagement processes (Mann

, Roberts Smith , 2005 . Defying laws can make a business or the owner face penalties and punishments

In this case where a business unit where there are allegations of irregular accounting practices , and evidence of bribery of local officials . The accounting provision and the anti-bribery acts have been violated . The firms accounting books should be present the records are suppose to be accurate , detailed and should reflect the various transactions that have taken place (Bragg , 2006 . This is important because it ensures that assets and other business property are properly accounted for and the people in authority have access to the books of account whenever summoned to do so . Moreover , money is used in the areas it has been budgeted for

Accepting bribes means that money is being spent in areas where it is not supposed to be used for creating unnecessary expenses for the business and it may also imply that the business officials are accepting bribes for certain favors and...