What is ethics? Ethics is known to be the study of morality, the guidance of what is considered right and wrong: but what is right and what is wrong? A question that has been answered based on the norms of individuals, societies, and cultures. According to Manuel Velasquez, ethics is defined as “the discipline that examines one’s moral standard or the moral standard of society” (pg. 10). For many years we have been taught of what is considered to be right or wrong, judged from the moral standards that are acceptable by society. Right and wrong is judged based from the reasonable and unreasonable acts and the way it impact society. Ethics plays a major role in the decisions making and the way we do things, not only humans but also as business entities. Researchers have argued that an organization should not pay the consequences of the unethical decisions that managers or the board of directors have committed since is not the organization but the individuals making the decision. Businesses are considered to be individuals no matter if they are solely owned, in partnership, or corporation; since in the end they all face the challenges as an individual person. Business ethics can be defined as “a specialized study of moral right and wrong that concentrates on moral standards as they apply to business institutions, organization, and behavior” (Velasquez pg. 12 ). In order to understand the concept business ethics one should consider if the decisions held by these managers, directors and owners of these businesses are reasonable and if they are in accordance not only by the law but also if they are morally right or wrong. The case that is going to be analyzed throughout this essay is the case of the Community Preservation and Development Corporation (CPDC).…
