Preview

Business Ethics

Good Essays
Open Document
Open Document
1520 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Business Ethics
Subject- Business Ethics Subject code- 665A

General Instructions:

✓ The Student should submit this assignment in the handwritten form (not in the typed format)

✓ The Student should submit this assignment within the time specified by the exam dept

✓ Each Question mentioned in this assignment should be answered within the word limit specified corresponding to each question.

✓ The student should only use the Rule sheet papers for answering the questions.

✓ The student should attach this assignment paper with the answered papers.

✓ Failure to comply with the above Five instructions would lead to rejection of assignment.

Specific Instructions:

✓ There are four Questions in this assignment. The student should answer all the four questions. Marks allotted 100.

✓ Each Question carries equal marks (25 marks) unless specified explicitly.

Questions

Q1-What in your opinion is Business Ethics and what is not? Do you think Business ethics builds in values for a Business to sustain itself in a world of grueling competition?

Business ethics are often guided by law, while other times provide a basic framework that businesses may choose to follow in order to gain public acceptance.

Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.[1]

The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns. Interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. For example, today most major corporations promote their commitment to non-economic values under headings

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Business ethics are usually deemed as policies or practices upheld by a business to give guidelines during an emergency, such as company takeovers or government bribing. While there are some laws to guide businesses in their formation of these ethics, most businesses create their own. Some businesses follow other business guidelines as a start and then streamline the guidelines to specifically relate to their business.…

    • 257 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Flexible work timings

    • 1540 Words
    • 7 Pages

    Business ethics is a form of principles or professional standards that examines problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.…

    • 1540 Words
    • 7 Pages
    Good Essays
  • Good Essays

    Task 310.2.1-05

    • 675 Words
    • 3 Pages

    Business ethics can be defined as “written and unwritten codes of principles and values that govern decisions and actions within a company.” (Love to Know, n.d.) Behaving ethically is extremely important for businesses in order to cultivate an image of responsibility and grow a loyal customer base. Companies have a moral obligation to help the communities from which they profit to grow and prosper.…

    • 675 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Business ethics refer to what is regarded as right or wrong in relation to business behaviour.…

    • 681 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    When you are in a position of management you come in contact with many ethical and moral decisions that need to be made. Business ethics is highly required in the corporate world. Many business professional have to understand that they are not only running a company but they also have to set and follow moral values to keep the company’s integrity at a positive stand point. Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative. Academics attempting to understand business behavior employ descriptive methods. The range and quantity of business ethical issues reflects the interaction of profit-maximizing behavior with non-economic concerns. Interest in business ethics accelerated dramatically during the 1980s and 1990s, both within major corporations and within academia. Along with business ethics you also have to form an opinion from your personal values and see how they match up. Personal values are like being part of a culture that shares a common core set of values creates expectations and predictability without which a culture would disintegrate and its members would lose their personal identity and sense of worth. Values tell people what is good, beneficial, important, useful, beautiful, desirable, constructive, etc. They answer the question of why people do what they do. Values help people solve common human problems for survival. Over time, they become the roots of traditions that groups of people find important in their day-to-day lives.…

    • 1132 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Business ethics is the accepted set of moral values and corporate standards of conduct in a business organization. The specifics of what this actually means can vary from one organization to another.…

    • 2659 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    Northcentral

    • 1600 Words
    • 7 Pages

    Business ethics is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations (Free Encyclopedia). The term business ethics is used in many ways, and the history of business ethics has varied based on how a person or company conceives of the objects under discussion. In a wide sense ethics in business is just the actions or applications of everyday ethical or moral norms and or decisions in business. Construed broadly as moral reflection on commerce, business ethics is probably as old as trade itself. If law, is a rough guide to widely-held moral intuitions (Goodin, R.1985).…

    • 1600 Words
    • 7 Pages
    Powerful Essays
  • Satisfactory Essays

    Ethics Paper Wk.2

    • 673 Words
    • 3 Pages

    Business Ethics is a form of ethics, which examines the ethical principles, and moral problems that occur in a business. Ethics plays an extremely vital role in business today due because of policies, procedures, and practices. Policies are in place to administer order and structure in an organization. Employees oftentimes undermine these rules and regulations due to acquiring a little or no respect for his or her supervisors and the management team.…

    • 673 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Business Ethics

    • 1334 Words
    • 6 Pages

    Answer: Business ethics refers to the study of proper business policies and practices, with regards to the potential controversial issues such as corporate governance, discrimination, bribery among others (Madsen & Shafritz 1990). Business ethics are often guided by law and at times they provide a basic framework that businesses can choose to follow in a bid to acquire public acceptance. They are implemented so as to ensure that a particular required level of trust is in existence between consumers and the different types of market participants with the business entities. For instance, a portfolio manager has an obligation to give a similar consideration to the portfolios of family members and small individual investors. Such acts ensure public equality.…

    • 1334 Words
    • 6 Pages
    Powerful Essays
  • Powerful Essays

    Chapter 7

    • 2072 Words
    • 7 Pages

    Business ethics is concerned with morality and fairness in behavior, actions, policies, and practices that take place within a business context.…

    • 2072 Words
    • 7 Pages
    Powerful Essays
  • Powerful Essays

    Business Ethics

    • 2214 Words
    • 9 Pages

    Scholars have declared that business and ethics are required partners; a business cannot succeed without sticking to good ethics. But what actually is ethical behavior? It may even be debatable what can be considered a successful business.…

    • 2214 Words
    • 9 Pages
    Powerful Essays
  • Powerful Essays

    BBM 406 NOTES

    • 28468 Words
    • 84 Pages

    When we trace the origin of business ethics we start with a period where profit maximization was seen as the only purpose of existence for a business. There was no consideration whatsoever for non-economic values, be it the people who worked with organizations or the society that allowed the business to flourish. It was only in late 1980’s and 1990’s that both intelligentsia and the academics as well as the corporate began to show interest in the same.…

    • 28468 Words
    • 84 Pages
    Powerful Essays
  • Good Essays

    Business Ethics

    • 628 Words
    • 3 Pages

    Business ethics is the behavior that a business adheres to in its daily dealings with the world. The ethics of a particular business can be diverse. They apply not only to how the business interacts with the world at large, but also to their one-on-one dealings with a single customer.…

    • 628 Words
    • 3 Pages
    Good Essays
  • Good Essays

    Business Ethics

    • 413 Words
    • 2 Pages

    It is still too often the case that people refer to business ethics as an oxymoron, with ethical values considered an individual matter. People tend to think of ethics as something that cannot be applied, something existing in a realm of great complexity and therefore a waste of time and money – after all, didn’t Milton Friedman say: “The social responsibility of business is to increase its profit”?…

    • 413 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Business Ethics

    • 7229 Words
    • 29 Pages

    Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. Business ethics has both normative and descriptive dimensions. As a corporate practice and a career specialization, the field is primarily normative.…

    • 7229 Words
    • 29 Pages
    Good Essays

Related Topics