Illustrates about Business Ethics

Question

Illustrates about Business Ethics?

Answer 1

1. Business ethics is the application of universal ethical standards and standards to business behavior.

2. Business ethics does not really engage a special group of ethical standards applicable only to business circumstances.
3. Ethical principles in business are not significantly different from ethical standards in general.

KEY CONCEPT:

By business ethics, we mean the application of universal ethical standards and standards to business behavior.

4. Business must illustrate its plans of “the correct thing to do” and “the incorrect thing to do” from the equal sources as anyone else. A business should not build its own rules about what is correct and incorrect.

KEY CONCEPT:

Business actions are judged by the general ethical principles of society, not by a special set of permissive principles.