What is Ethics to do with?
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At its simplest, ethics is a system of moral principles. They affect how people make decisions and lead their lives. Ethics is concerned with what is good for individuals and society and is also described as moral philosophy.
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Ethics is one of the most important parts of any business.
- Business ethics is the study of appropriate business policies and practices. It studies how a business should act in the face of medical or controversial situations. They are the moral guidelines that affect the working of any business.
- It enhances the law by outlining that acceptable behavior is beyond government control. A business firm has various duties apart from just paying taxes.
- They should do something for the common benefit of society and provide better quality products at reasonable prices.
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