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Ethical Business Behavior

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Provide a definition of ethical business behavior and explain the components involved in making ethical decisions.

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The solution defines ethical business behavior and explains the components involved in making ethical decisions.

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Business ethics are standards that guide behavior in the world of business. Ethical behavior in business is critical. When business firms are charged with infractions, and when employees of those firms come under legal investigation, there is a concern raised about moral behavior in business. When that occurs the level of mutual trust, which is the foundation of our free-market economy, is ...

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