Determine the importance of ethics and ethical decision-making in management.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Determine the importance of ethics and ethical decision-making in management.
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Step 1: Define the term Ethics:
Ethics refers to the set of moral principles, values, and norms that guide mortal geste and decision- timber. It provides a frame for distinguishing right from wrong and helps individualities and groups make choices that are just, fair, and innocently sound. Ethics can vary between societies, societies, and individualities, but it generally involves considerations of what's innocently respectable or inferior grounded on principles of honesty, integrity, fairness, and respect for the rights and quality of others.
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