Business ethics notes pdf bcom

Managers monitor the behavior of employees in accordance with the organization’s expectations of appropriate behavior, and they have a duty to respond quickly and appropriately to minimize the impact of suspected ethical violations.
Managers may also be subject to a particular code of professional ethics, depending on their position and training.

Business transaction are the interaction between business and their customer.
The practice of ethics in all these transactions is called as transactional ethics.
Eg.
We need vegetables & fruits likewise the vendor needs customers like us for survival and we both are dependent on each other.