Ethics in Business

What are the 12 ethical principles?

What are values and how do they determine behavior?

• Values are the emotions that influence behavior.
• Values are the physical attributes that shape behavior.
• Values are the external factors that control behavior.
• Values are the principles or beliefs that guide an individual's behavior.

What are laws and can they make people honest, caring, or fair?

What are cultural norms and how do they influence behavior?

What are business ethics and how do they guide businesses?

• Business ethics are not important for businesses.
• Business ethics are legal regulations that businesses must follow.
• Business ethics are only relevant for large corporations.
• Business ethics are moral principles that guide businesses in their behavior and decision-making.

Can you name a profession with a high ethical reputation?

What is a compliance-based code of ethics and how does it enforce laws and regulations?

• A compliance-based code of ethics is a system that relies on self-reporting and trust, rather than audits and inspections, to ensure compliance with laws and regulations.
• A compliance-based code of ethics is a set of guidelines that organizations can choose to follow, but it does not enforce laws and regulations.
• A compliance-based code of ethics is a document that outlines the penalties for non-compliance with laws and regulations, but it does not provide clear expectations and standards of behavior.
• A compliance-based code of ethics is a set of rules and guidelines that an organization follows to ensure compliance with laws and regulations. It enforces laws and regulations by establishing clear expectations and standards of behavior, providing training and education to employees, conducting regular audits and inspections, and implementing disciplinary measures for non-compliance.

What is a value-based code of ethics and how does it align with a company's values?

What are some examples of a code of ethics in different professions?

What is a conflict of interest and how does it relate to ethical behavior?