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Morally in times of crisis like it happened during the COVID 19 pandemic, business owner are faced with the challenge of laying off staff, not because of poor performance but simply because of shortage of finance to drive the business and this often becomes a moral decision to make on who to sack.
by 7 16 92
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The global economic and financial crisis concerns common ethical standards. ... Not at all, it is also an issue of corporate morality and concerns the global market economy ...
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The major concern is the principle of bankruptcy. If their companies cannot be feasible during the crisis, then it is better for them to close. This is the best option for them to face the challenge. In this pandemic situation, most businesses are affected by it. Sooner or later, some of them will be gone for good.
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