Final answer:
Business ethics is the study of what constitutes right and wrong human conduct in a business context. It involves examining moral principles, addressing concrete matters, and creating codes of ethics to guide decision-making in business.
Step-by-step explanation:
Business ethics is the study of what constitutes right and wrong, or good and bad, human conduct in a business context. It involves examining the moral principles and values that guide decision-making in business, as well as addressing concrete matters such as bribery, discrimination, and whistleblowing. Codes of ethics are often created by businesses to ensure that their members act in accordance with laws, regulations, and societal values. These codes outline permissible and impermissible actions, and also provide guidelines for accomplishing environmental and social goals and building trust and goodwill.