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Chapter 15
Ethics are fundamental to building sustainable financial practices. They ensure that all actions benefit individual clients and the financial industry as ...
Ethics are rules of behavior based on commonly held beliefs about right and wrong. Ethics and legal standards are not always aligned. Some actions may be ...
Ethical decision-making is essential for aligning actions with core principles and maintaining consistent values and professional conduct. This process ...
Ethical growth in financial professionals advances through stages of moral development. Kohlberg's theory of moral development explains the ...
Ethical characteristics such as integrity, accountability, fairness, empathy, and transparency are essential for guiding organizations in handling moral ...
Implicit individual processes are subconscious mental activities that influence business decisions. Factors influencing implicit processes include ...
Social influence is the process of guiding or changing others' behaviors, attitudes, or decisions through communication. Social influence in the ...
Finance professionals usually make decisions as part of groups. Social influences among group members impact these decisions, leading to positive and ...
Power, leadership, and ethics are essential pillars of finance. Power is the capacity to influence or control the actions of others to achieve desired ...
Organizational culture is the set of values, beliefs, and behaviors that guide and shape employees' interactions within an organization. It influences ...
Compensation includes all monetary and non-monetary payments provided to employees for their work, such as salaries, wages, benefits, and bonuses. ...
Ethics training teaches individuals to recognize, assess, and handle ethical dilemmas confidently, guiding them to make conscientious decisions in ...
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