What is the relationship between Ethics and Business? Please use examples from current events as it relates to business, economics, and society.Is ethics necessary for leadership or is leadership necessary for ethics? Why do we need to be able to convincingly explain why something should be viewed as right and fair? explain it at least in 300 words please

Answered: What is the relationship between Ethics…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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What is the relationship between Ethics and Business? Please use examples from current events as it relates to business, economics, and society.
Is ethics necessary for leadership or is leadership necessary for ethics?
Why do we need to be able to convincingly explain why something should be viewed as right and fair?

explain it at least in 300 words please

Expert Solution

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1) Ethics is a set of moral principles. Ethics, often known as moral philosophy, is concerned with what is beneficial for people and society.

For corporations, organizations, and individuals alike, ethics is a top priority. Organizational leaders must be fully aware of the repercussions of particular actions and organizational trajectories, and guarantee alignment with society interests by operating in a way that provides value without causing harm to any other group or individual.

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