Final answer:
Businesses skirting ethical norms may face bad publicity, criminal charges, conflicts of interest, and breaches of contract, with consequences ranging from damaged reputation to legal action.
Step-by-step explanation:
A business that skirts ethical norms may face various serious consequences, including:
- Bad publicity and the potential for widespread condemnation, which can adversely affect customer trust and loyalty.
- Potential criminal charges leading to conviction under the Criminal Code if the unethical behavior violates legal statutes.
- Internal deterioration due to conflicts of interest that compromise decision-making and integrity.
- Legal repercussions stemming from a breach of contract, which may lead to fines or litigation.
Ethical considerations are integral to maintaining a business's reputation and upholding social trust. Violations can result in social and legal sanctions, harming not just a company's image but also its bottom line and societal standing.