CHAPTER 5 & 6

Defined as set of moral values or principles that govern the actions and decisions of individual or group.

This set of moral values or principles vary from one person to the other at any point in time.

It is defined as conduct that differs from the way they believe would have been appropriate given the circumstances.

The following are principles of Personal Ethics except.

• Basic Justice & Fairness

• Concern for the Rights of Others

• Compliance with the Law

• Fair Competition

The following are principles of Professional Ethics except.

• Social Responsibility

• Professional Behavior

• Confidentiality

• Integrity, Impartiality and Objectivity

The following are principles of Business Ethics except.

• Social Responsibility

• Fair Competition

• Avoidance of potential or apparent conflict of interest

• Concern for Environment

This refers to standards of moral conduct, behavior and judgment in business.

This refers to an impact on society through the wages it pays to its employees.

This refers to an impact of corporate governance that contributes to the ethical climate of the society.

This refers to an impact that is considered to be a key area of business influence on society.