The principles of conduct such as right and wrong or good and bad are known as Ethics.
Step-by-step explanation:
- The term Ethics, mainly, is concerned with the meaning about all aspects of human behavior. Theoretical/ normative ethics aims to distinguish between what is right from wrong.
- A branch of ethics called as normative ethics is concerned with classifying actions as right and wrong, It helps to develop a set of rules governing human conduct, or a set of certain norms for action.
- A culture of an organization sets standards for determining the difference between the good and the bad decision making.
- Ethics in business is all about evaluating the difference between right and wrong and choosing what is right.
- It helps us develop the rules and principles (norms) by which we judge and guide meaningful decision-making.
- Behaving in a way that adds value excluding improper behavior, inappropriate conduct or the negative consequences for any other group or individual, the leaders of an organization in particular must be completely aware about the consequences of certain decisions