Business, Legal & Accounting Glossary

Definition: Ethics

Quick Summary of Ethics

A philosophical concept that determines the definition of “right” and “wrong”, especially when applied to interactions between people.

What is the dictionary definition of Ethics?

Dictionary Definition

  1. philosophy The study of principles relating to right and wrong conduct.
  2. Morality.
  3. The standards that govern the conduct of a person, especially a member of a profession.

Full Definition of Ethics

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.

Examples of Ethics in a sentence

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.

Synonyms For Ethics

morals, morality, moral, moral compass, ethical

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
Modern Language Association (MLA):
Ethics. Payroll & Accounting Heaven Ltd. September 22, 2021
Chicago Manual of Style (CMS):
Ethics. Payroll & Accounting Heaven Ltd. (accessed: September 22, 2021).
American Psychological Association (APA):
Ethics. Retrieved September 22, 2021, from website:

Definition Sources

Definitions for Ethics are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 13th February, 2020 | 4 Views.