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Ethical Issues In Business

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The word “Ethics” refers to the application of values within a business context. Ethics has to do with how we act, choose, behave, do things, what’s right or wrong, religious beliefs, doing what law requires. Philosophers say its “normative”, which deals with our reasoning about how we should act. Social sciences say its “descriptive”, which deals with how & why people do act the way they do. Ethical issues often deal with what’s right or wrong, what’s good or bad, & what rights & responsibilities people should have. The general goal of ethics is to enable people to live good lives. The problem with ethical issues is that there generally is no single accepted answer. Ethics can give more than one answer, & sometimes that answer is not universally correct & not universally wrong. These ethical issues are debated because the answer generally comes down to personal opinion or experience or philosophy. Business ethics are moral values &principles that determine our conduct in the business environment. They can be applied to all aspects of business; from generation of an idea to its sale. The question is why or should ethics be a part of business? They are about which values & principles should guide business decisions & how ethics should be integrated …show more content…

The hotel respects competition rules, by playing fair for the benefit of enhancing business, work quality and achieving better results. Through a perfect, strict, external interaction between clients or suppliers, and involving more than one person in the relation during business transactions to avoid exclusive decision like bribery. There also must be the privacy of protecting property and data which includes no insider trading, no misuse of company assets, avoiding conflict of interest, fraud free, and protecting intellectual

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