BUSINESS ADMINISTRATION
BUSINESS POLICY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Ethics
|
|
|
Decision Making
|
|
|
Ethical Decision
|
|
|
Ethical Decision Making
|
Detailed explanation-1: -Ethics refers to standards and practices that tell us how human beings ought to act in the many situations in which they find themselves-as friends, parents, children, citizens, businesspeople, professionals, and so on. Ethics is also concerned with our character. It requires knowledge, skills, and habits.
Detailed explanation-2: -normative ethics, that branch of moral philosophy, or ethics, concerned with criteria of what is morally right and wrong. It includes the formulation of moral rules that have direct implications for what human actions, institutions, and ways of life should be like.
Detailed explanation-3: -Ethics means the set of rules or principles that the organization should follow. While in business ethics refers to a code of conduct that businesses are expected to follow while doing business. Through ethics, a standard is set for the organization to regulate their behavior.
Detailed explanation-4: -Ethical behavior includes honesty, fairness, integrity and understanding. There are several ways to encourage an ethical workplace culture, including establishing a companywide code of ethics.