Question

What is business ethics? Describe the factors affecting business ethics

Answer 1

• Business ethics is a form of applied ethics or professional ethics, that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.

• Factors affecting business ethics :
The lower-level employees in large companies believed agreed with the business owners, saying that short-term goals are a bigger influence on unethical behavior. They also believed that monetary gain and pressure to reach certain marks (short-term goals) was a big influence on unethical behavior.