Business Ethics and Responsibilities. Business Ethics. Business has decided that it is best to formalize the principles and codes that it will use to make ethical decisions by publishing formal documents. Two types of formal documents. Code of Ethics
Business has decided that it is best to formalize the principles and codes that it will use to make ethical decisions by publishing formal documents.
Primarily developed by professionals that deal with the public
and regulatory service organizations and boards.
Primarily developed by businesses and implemented into company policy. Code of Business Ethics clearly states:
What the employees can expect from the Company such as:
What the Company expects from the employees such as:
A business can have its own Code of Business Ethics and also belong to an organization where it agrees to adhere to a Code of Ethics when dealing with the public and its competitors.
A code of ethics requires a higher standard of behaviourthan existing laws.
In your opinion, is the behaviour of the following groups ethical: