Why is it so difficult to specify “ethical” or “unethical” behavior? How does this relate to the concept of determining “fairness”? What are some strategies a negotiator can use to determine whether a given behavior is ethical?
Why is it so difficult to specify “ethical” or “unethical” behavior? How does this relate to the concept of determining “fairness”? What are some strategies a negotiator can use to determine whether a given behavior is ethical?
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Why is it so difficult to specify “ethical” or “unethical” behavior? How does this relate to the concept of determining “fairness”? What are some strategies a negotiator can use to determine whether a given behavior is ethical?
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Ethics Defined
Ethics refers to the system of moral principles- a sense of right and wrong, and goodness and badness of actions and the motives and consequences of these actions. When applied to a business firm Ethics is the study of good and evil, right and wrong, and just and unjust action of business people.
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