Ethics in Business
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Transcript of Ethics in Business
Ethics in Business
Definition
Business ethics (also corporate ethics ) is a form of applied ethics or professional ethics that
examines ethical principles and moral or ethical problems that arise in a business environment.
Slavery of black people abolished in the era of Lincoln was considered to be unethical by him
The historic use of child labor is considered to be a breach of ethics
Some companies regard testing of products on animals as unethical practices
Euthanasia or mercy killing is considered to be an unethical practice.
Patent, Copyright and Trademark Infringement are illegal as well as unethical
Many major corporations do not set store to ethics as money is the prime factors in these
businesses
Companies that do not adhere to ethical practices can be filed with lawsuits and can have anti-trust
and defamation campaign launched against them.
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