Ethics

Question 1

What is Ethics?

Answer 1

Ethics refers to standards and practices that tell us how human beings ought to act in the many situations in which they find themselves—as friends, parents, children, citizens, businesspeople, professionals, and so on. Ethics is also concerned with our character. It requires knowledge, skills, and habits.

Question 2

What are the 13 core values of ethics?

Answer 2

1. Stewardship
2. Best people
3. Client Value Creation
4. One global network
5. Respect the people
6. Integrity
7. Create a culture of honesty
8. Make beauty
9. Outperform
10. Service matters
11. Sustain life
12. Be accessible
13. Pay it forward

Question 3

Describe what business ethics are:

Answer 3

Business ethics can thus be understood as the study of professional practices, i.e., as the study of the content, development, enforcement, and effectiveness of the codes of conduct designed to guide the actions of people engaged in business activity.
This entry will not consider this form of business ethics. Instead, it considers business ethics as an academic discipline

Question 4

Ethics unwrapped:

Answer 4

1. Trustworthiness
2. Respect
3. Responsibility
4. Fairness and Justice
5. Caring
6. Citizenship

Question 5

Describe Trustworthiness.

Answer 5

It is the broadest and most complicated of the core ethical values.

It is a broad value concerned with all the qualities and behaviours which makes a person worthy of trust especially integrity, honesty, promise keeping, and loyalty.

Question 6

Describe Respect.

Answer 6

Respect focuses on the moral obligation to honour the essential worth and dignity of the individual. It is expressed in terms of positive qualities such as civility, courtesy, dignity, autonomy, tolerance, and acceptance.
It also involves prohibitions against such conduct as violence, humiliation, manipulation, and exploitation etc.

Question 7

Describe responsibility.

Answer 7

It speaks of the moral obligations to be accountable, perusal of excellence, and exercising of self-restraint.

Question 8

Describe Fairness and Justice.

Answer 8

Fairness and justice embodies concern with equity, equality, impartiality, proportionality, openness, and due process.

Question 9

Explain caring in terms of ethics.

Answer 9

Fairness and justice embodies concern with equity, equality, impartiality, proportionality, openness, and due process.

Question 10

Describe citizenship in terms of ethics,

Answer 10

The concept of citizenship includes civic virtues and duties which prescribe how the organization ought to behave as part of a community.
The exercise of good citizenship requires doing one’s share to make society work and demonstrating a concern for future generations.
A good citizen, for example, respects the regulatory norms, reports crimes, serves on juries, votes, pays taxes, and protects the environment.