Name: MERBEN JOHN B.

SILVA Course: BSBA-Financial Management 2

Date: SEPTEMBER 8, 2020

1. What is business ethics?

Business ethics encompasses the policies and guidelines when it comes to handling
responsibilities to the employees, partners, and government policies.

2. What is ethics?
Ethics is a set of moral principles that govern a person’s behavior.

3. Differentiate ethics and morals.

Ethics leans towards decisions based upon individual character, and the more subjective
understanding of right and wrong by individuals – whereas morals emphasises the widely-
shared communal or societal norms about right and wrong

4. Why ethics is important in business?

Business ethics help ensure a good reputation for your company. Employees make better decisions
in less time with business ethics as a guiding principle; this increases productivity and overall
employee morale. 

5. Is profit-motive in business good or bad? Why?

The profit motive is a good of value to the economy. It is needed to provide incentive to
generate efficiency and innovation. However over-remuneration of the profit
motive creates profit inefficiency.