The nature of business Flashcards
Business ethics
Business ethics is concerned with business doing the right thing and behaving in a fair and honest way . An ethical business with provide its employees with fair wages , pay its tax dues to the government and produce safe products that are useful to consumers
Ethical and legal issues
Illegal means going against the law .
“ethical” refers to behavior or actions that adhere to moral principles, values, and accepted standards of conduct. Ethical behavior involves doing what is considered right or fair, even when it may
Unethical
Being unethical is not necessary illegal but its not the right thing to do.
unethical means acting in a way that goes against accepted moral standards or principles. It involves behavior that is dishonest, unfair, or harmful to others, often for personal gain or advantage. Examples of unethical behavior in business may include lying to customers, cheating on taxes, mistreating employees, or engaging in fraudulent activities.
Ethical Practice and legal Issues
Why the issues are important
