Greek word (ethos), which refers to the values, norms, beliefs, and expectations. Webbusiness managers don’t need to study ethics in order to know how to treat employees, shareowners, and customers. Webin our professional lives, ethics guides our interactions with customers, clients, colleagues, employees, and shareholders affected by our business practices.

Weban ethical decision or action is one that is right according to some standard of behavior. Business ethics is the application of moral standards to business situations. According to the greek system of logic introduced by socrates,. Business and ethics simply don’t mix. Which of these concepts relates to utilitarianism? Webrefers to the principles or standards that define what's right or wrong and good or bad.

Which of these concepts relates to utilitarianism? Webrefers to the principles or standards that define what's right or wrong and good or bad.