Scrutinise Signatures – compare signature on sales ship to that on the card. The following precautions can help reduce credit card fraud: They should have the knowledge and means to discover this type of crime effectively. The use of credit cards has grown tremendously in the recent past and the front-line defence in the small business can be salespeople and cashiers. The entrepreneur should be aware of such crime possibilities and make adequate provision for tackling them as they may lead to bankruptcy.įraud is very common and popular with the use of credit cards. robberies which sometimes may even be in collision with employees. Crime in the business may be internal i.e. The cost of crime has become a major cause of small business failure all over the world. The codes of conduct are normally written and distributed to everyone in the business to read and follow. The codes cover subjects such as misuse of corporate assets, conflict of interest, use of inside information, equal employment practices, falsification of books and records etc. A variety of such codes exist some relate to the business at large and some relate to corporate conduct. 
Shady business practices code#
The code of conduct within a business is a statement of ethical practices or guidelines to which an enterprise adheres. However, some studies on ethical practices have shown that entrepreneurs have different concerns regarding specific business issues. Lack of foundation in the study of ethics etc.Inability to distinguish activities at work and at home.Ethics is simply a matter of compliance with laws and regulationsĭespite these misconceptions, unethical behaviour is inherent in many entrepreneurs.This is a misconception based on the assumption that there is an absolute standard for judging moral conduct. All ethical problems have simple solutions i.e.For instance the pursuit of wealth is a barometer of success yet it is popularly believed that wealth tends to corrupt individuals.
The question of ethical business practice is a widely debatable subject.
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