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Ethical and Unethical Business Practices

1. Define ethics.
2. Define business ethics.
3. Define Code of Ethics.
4. How can ethics be maintained in the workplace?
5. State some examples of ethical and unethical business practices.

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Business Ethics
I need help identifying recent ethical and unethical business practices.

Ethics is a type of moral philosophy and it is usually defined in terms of the context it is being used (e.g., business, medical). Business ethics is when employers conform to the approved standards of their profession. Unethical business practices are those not conforming to approved standards but this does not mean however, that these unethical practices are all illegal. Many years ago, many companies viewed business ethics only in terms of administrative compliance with legal standards and adherence to internal rules and regulations. Presently, attention to business ethics is on the rise across the world and many ...

Solution Summary

The solution defines ethics, business ethics and Code of Ethics. It also includes suggestions to maintain ethics in the workplace. Examples of ethical and unethical business practices are also listed. References included.