Marika Ashley-Williford
Bus. 206 / Project Two
Professor Erik Hudak, Esq. February 01, 2022
Report
Business law and business ethics exist to establish a level of standards that is essential in
the overall functioning of a corporation. Merriam-Webster dictionary defines ethics as the moral
principles of conduct governing an individual or group (n.d.). It is based on the standard
foundation of right and wrong. Every human being has an obligation to subscribe to the virtue
that has been established within our society. It consists of honesty, loyalty, selflessness,
responsibility, respect, and integrity. Ethics is the standardization of behavior and laws are the
structured rules we use to regulate our conduct. These enforceable rules govern the actions we all
agreed to follow and if they are not followed then a penalty or punishment will occur. For
example, the Foreign Corrupt Practices Act prohibits an individual from making bribery
payments to a foreign official for the sole purpose of retaining business in their country. This law
sets a precedent and alleviates the company's abilities to operate illegally
Corporations also have a social responsibility. It is a self-impose structure of
accountability in areas such as the economy, education, ethics, and the environment. A business
CSR (Corporate Social Responsibility) strategy is implemented to keep the organization socially
accountable. It helps a company to obey the laws and protect society while they are conducting
business. A positive Corporate Social Responsibility is beneficial, and it is an important part of
business ethics. A company that understands and knows the impact their decisions have on
society behaves in a conducive manner. Their actions contribute to a positive economy and a
sustainable environment.
Mountain Top View suffered a data breach, and your customers' information was stolen
This illegal acquisition of confidential material compromised your security and not reporting it
jeopardized your company's integrity. The theft of personal information required you to notify
the individuals involved and the proper authorities. Under Article 33 in the General Data
Protection Regulation (GDPR) the data controller should have notified the appropriate
authorities without delay and no later than 72 hours (about 3 days) after the breach was
discovered. Your organization did not do this and according to the United States accounting law
you can be held personally liable because Moutain Top View is a sole proprietorship. You and
your business are one and there is no separation of your assets or legal liability. Your
stakeholders rely on you to conduct your business in accordance with a principal application of
ethics and your actions directly impact their interests. The fact that your technological
department did not report this issue immediately violates your company's website mission
statement. The potential implications may cause your business to lose credibility, and this will
directly affect your brand.
Due to your use of a cloud base storage system, Moutain View Top became the victim of
a hack. The misconfiguration in the setting made your system vulnerable to attack. To resolve the
issue, your technological department must reinforce your