Business ethics vocab

Relative Term : Business ethics is a relative term.
That is, it changes from one business to another.
It also changes from one country to another.
What is considered as good in one country may be taboo in another country.

What is a code of ethics?

Can refer to a listing of required behaviors, the violation of which would result in disciplinary action.
In practice, used interchangeably with Code of Ethics.
Often conveys organizational values, a commitment to standards and communicates a set of ideals.
In practice, used interchangeably with Code of Conduct.

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