ENTREPRENEURSHIP

Detailed explanation-1: -“NOUN – 1. [USUALLY TREATED AS PLURAL] moral principles that govern a person’s behaviour or the conducting of an activity: medical ethics also enter into the question. [USUALLY TREATED AS SINGULAR] the branch of knowledge that deals with moral principles: neither metaphysics nor ethics is the home of religion.”

Detailed explanation-2: -Dictionary.com defines ethics as “moral principles that govern a person’s behavior or the conducting of an activity, [e.g.] medical ethics also enter into the question.” Making decisions that affect the organization you serve as a board member requires the application of ethics within that activity as well.

Detailed explanation-3: -The 4 main ethical principles, that is beneficence, nonmaleficence, autonomy, and justice, are defined and explained. Informed consent, truth-telling, and confidentiality spring from the principle of autonomy, and each of them is discussed.

Detailed explanation-4: -Moral Principles Reviewing these ethical principles which are at the foundation of the guidelines often helps to clarify the issues involved in a given situation. The five principles, autonomy, justice, beneficence, nonmaleficence, and fidelity are each absolute truths in and of themselves.

Detailed explanation-5: -Ethics are a system of moral principles or rules that say what is and is not acceptable. Generally speaking, ethics refer to the rules or code of conduct that people use to determine when an action is acceptable or not.