Advantages And Disadvantages Of CG

ANS: Ethics means the idea of society about what is right or wrong. Ethical values are not moral values they can vary from place to place depending on the society. This might also bring conflicts of interest between two parties. However in whole world we follow a standard and right ethical business culture to reduce such conflicts.

Ethics is the moral principles that govern a person's behavior or the conducting of an activity. It is the moral values that a person believes in. The way that a person interacts with others. The golden rule of treating others how you would like to be treated. Having good ethics is a basis for having a successful business.

Ethics is defined as moral principles that administer a person’s behaviour. It is the basic perception and essential principle of decent human conduct. Issues concerning unethical approach are known as ethical issues.

According to Merriam-Webster, ethics is defined as an area of study that deals with ideas about what is good and bad behavior. Some would argue that definition is rather vague. A more complete understanding of ethics would suggest that it is more than just an area of study but rather a way of life; moral principles that govern a person's or group's behavior. If one is ethical and has good moral standards, it is usually seen in that person. Simply put, ethics could be considered the standards of behavior as to which society accepts.

With the character and interests, Aristotle states that the virtue should start from moral behavior, which means treating other people well and not being self-interest. Next aspect is the values and strength of character, which explains the companion between values and ethics. In order to be a virtual person with strong character, that person has to have good values, generosity, honesty and motivation. In addition, it is really important for people to be moral and happy at the same time. In order to understand the concept of ethics more, people need to perceive what the factors of a good and happy life are. People cannot be really happy if they do good things because someone is watching them. It is a forced action. Morality is truly shown when people are willing to do so, not when they are forced to. Therefore, ethics is not composed of rules that people have to follow. It is the principle that people understand and voluntarily do right things. Besides the daily life, ethics principle is also applied to community and culture. All business students need to understand the concept of ethics in their future career. In workplaces or organizations, culture and moral behavior have strong connection among employees. Business students have to study organizational behavior class upon graduation to shape the ideas of cultural differences and moral behavior in their mind and prepare to act

Ethics is the process of doing right or wrong. It assists a person in the deciding if something is moral or immoral or if it is socially desirable (Dess, McNamara, & Eisner, 2016, p. 368). A person can get his or her ethics from religious beliefs, heritage, family, the community, education and friends. Organizational ethics is the values, attitudes and behavioral patterns defined by the organizations culture. Organizational ethics determine what is acceptable behavior.

Ethics are principles of behaviour that distinguish between right and wrong. Resnik (2011) defines ethics as” a method, procedure, or perspective for deciding how to act and for analysing complex problems and issues” (p.1). People face ethical decisions; however, People working in business frequently face ethical decisions. Business ethics is the evaluation of business activities and behaviour as right or wrong (Society for Business Ethics, 1991).

According to the New Oxford American Dictionary, ethics is defined as “moral principles that govern a person’s or group’s behavior.” Therefore, in an ideal world, ethics should play the ultimate role when making a decision. If ethics are the principles which guides one’s behavior then, ideally, all decisions should be made entirely based on ethics. Unfortunately, such is not always the case.

Ethics refers to a system of moral standards that guide the decision for human conduct of what is right and wrong based on everyday life situations, usually in terms rights, obligations, benefits, fairness, or virtue. Ethics is used as a formal guideline for conducting business in order to minimize pain to the greater number of people as a whole. The principles of ethics come from the knowledge and understanding of the word of God, the Bible. It tells us how we ought to think and behave toward one another considering first, how we want to be treated. For instance, we have the right to freedom of speech as long as we don’t insult the integrity of others. In addition, God gives us examples for how make right decisions and

Ethical standards in business are important for every leader to know and understand. The book Ethics 101: What Every Leader Needs to Know by: John C. Maxwell discusses ethics in the world today. When people make unethical choices, the reason they do because of three main pitfalls. People do what is most convenient to them, people tend to do what they must do to win, and people rationalize their choices with relativism. In this summary, Maxwell’s definition of business ethics will be framed, examples of ethical standards and guidelines, the meaning and contrast of ethical thinking and ethical behavior, and how to avoid these major pitfalls to live an ethical life. The

Ethical behavior is behavior that a person considers to be appropriate. A person’s moral principals are shaped from birth, and developed overtime throughout the person’s life. There are many factors that can influence what a person believes whats is right, or what is wrong. Some factors are a person’s family, religious beliefs, culture, and experiences. In business it is of great importance for an employee to understand how to act ethically to prevent a company from being sued, and receiving criticism from the public while bringing in profits for the company. (Mallor, Barnes, Bowers, & Langvardt, 2010) Business ethics is when ethical behavior is applied in an business environment, or by a business. There are many

Ethics are the “standards of conduct that indicate how one should behave based on moral duties and virtues.”

Ethics are the principles and values an individual uses to govern his activities and decisions. In an organization, a code of Ethics is a set of principles that guides the organization in its programs, policies and decisions for the business. The ethical philosophy that is used by an organization to conduct business can affect the reputation, productivity and bottom line of the business (1).

Ethics is defined as moral principles of conduct, which people usually agree with. Unlike in law there is no punishment involved in ethical values, if you don't follow according with the standards. There are many things that influence ethical behaviour. These can be personal reflection, religious beliefs, culture, experiences and family influences. If broadly speaking, ethics is the science or study of the morality of how humans act through the medium of natural reason.

Ethics are moral principles or values that govern the conduct of an individual or a group.It is not a burden to bear, but a prudent and effective guide which furthers life and success. Ethics are important not only in business but in academics and society as well because it is an essential part of the foundation on which a civilized society is built.