Question

Ethics is the study of the principles and conduct that guide business decision making based on what is right and good.

True or False?

Answer 1

True, the Ethics is the study fo the principles it defining concepts such as good and evil, right and wrong virtue and vice, justive and crime. Ethics is also guide in business decision making what is right and what is good for the business development whether some plans help or not in near future for the business point of view.

Considering Ethics in Decision Making the moral principles in Mangement are business ethics deals with the belief and principles that guide management decisions. The Ethics learning objective is to recongnize the importance of ethics in the business environment, paritcularly how individual managers should employ these principles

Business ethics concern the duties and oligations and organization has its stakeholders, including employeew, customers, suppliers and communities.

In the recent decades there has been widespread attention to business ethics due to highly visible cases of industries and corporate malfeasance, such as the WorldCom, Enron, and Tyco scandals. to protect their reputations, companies have begun to form more comprehensive corproate policies concerning ethics. These policies offer guidence to the employee and the state of the company what is right and good for the business decision making and how to behave in ethical manner.