Business ethics explain the following terms

  • Types of business ethics

    A code of ethics is important because it clearly lays out the rules for behavior and provides the groundwork for a preemptive warning.
    While a code of ethics is often not required, many firms and organizations choose to adopt one, which helps to identify and characterize a business to stakeholders..

  • What do you mean by the term ethics?

    Derived from the Greek word “ethos”, which means “way of living”, ethics is a branch of philosophy that is concerned with human conduct, more specifically the behaviour of individuals in society..

  • Derived from the Greek word “ethos”, which means “way of living”, ethics is a branch of philosophy that is concerned with human conduct, more specifically the behaviour of individuals in society.
Ethics means the set of rules and principles that the organization should follow while the business ethics refer to a code of conduct that businesses are 

What are the 12 principles of Business Ethics?

Business ethics is an evolving topic.
Generally, there are about 12 ethical principles:

  • honesty
  • fairness
  • leadership
  • integrity
  • compassion
  • respect
  • responsibility
  • loyalty
  • law-abiding
  • transparency
  • and environmental concerns.
    Business ethics concerns employees, customers, society, the environment, shareholders, and stakeholders.

  • Categories

    Business ethics match the following
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