Business, Legal & Accounting Glossary
A philosophical concept that determines the definition of “right” and “wrong”, especially when applied to interactions between people.
The basic concepts and fundamental principles of decent human conduct. It includes the study of universal values such as the gender equality, human or natural rights, obedience to the law of the land, health & safety concerns and, increasingly, also for the natural environment.
Related to: morality.
The Ethics Committee decided that the company’s practice of dumping wastewater from its processing plants into the local rivers wasn’t good for the environment or the consumers.
In some companies, business practices are highly influenced by the owner’s personal code of ethics and values.
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This glossary post was last updated: 13th February, 2020 | 4 Views.