ECONOMICS

Detailed explanation-1: -A code of ethics document may outline the mission and values of the business or organization, how professionals are supposed to approach problems, the ethical principles based on the organization’s core values, and the standards to which the professional is held.

Detailed explanation-2: -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.

Detailed explanation-3: -There should be no discrimination on basis of age, gender, nationality, race, religion etc. A firm must provide its workers a safe and healthy work environment. It should give proper rest and meal breaks and pay fair salaries. This will enhance the well-being of employees and motivate them to perform better.

Detailed explanation-4: -What are Business Ethics? By definition, business ethics are the moral principles that act as guidelines for the way a business conducts itself and its transactions.