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Current Ethical Issues in Business
Through time there has been various factors that have affected how business is conducted today. Issues concerning economic conditions, electronic commerce, technology, ethics, and workforce diversity all played a role in altering business operation. In general, how a company conducts itself among its community directly affects its success.
Wal-Mart is the largest retailer in the world and even they are not exempt from performing ethically. In 2008, Wal-Mart lost up to $352 million in settlements across the United States. There were 63 law suits from workers claiming that they were cheated on their pay. By the last settlement, Wal-Mart recognized that they did actually act unethically.
This paper will discuss the ethical issues violated by Wal-Mart, what parties were involved in particular, and the impact of violations. Furthermore, there are discussions of how the issues with Wal-Mart affected society as a whole.