Notestreasury

                       what is business ethics? Before understanding business ethics, we should familiarize ourselves with the word "Ethics". Ethics is the study of morality. Morality in return is the set of standards through which we decide what is right or wrong. Morality could be considered objective/absolute like all societies do agree that murder is wrong, or it could be subjective/relative like in the case of taboos that vary among the societies. Business ethics hence is the study that relates ethical manners to business so that a firm/company can achieve its objective. Business ethics has become more crucial for multinational firms as they must identify and respond to different moral standards observed in their countries. Many moral philosophies have been presented by philosophers to determine the standards through which we decide wrong and right, the most famous arguably is utilitarianism.it is worth mentioning that all...