1. What is business ethics?

- Business ethics is the study of appropriate business policies and practices

regarding potentially controversial subjects including corporate governance,
insider trading, bribery, discrimination, corporate social responsibility, and
fiduciary responsibilities.

2. Why is Business Ethics important?

- Business ethics improve the law by defining acceptable activities that are not
governed by the government. Corporate ethics are established to encourage
employee integrity and win trust from key stakeholders such as investors and
consumers. By behaving according to a high ethical standard, companies can
strengthen the drive to succeed internally among executives, management teams,
and staff. Furthermore, companies can attract and keep investors who themselves
are attracted to companies that align with their own standards of ethical behavior.
In other words, business ethics can help companies build long-lasting, solid
reputations and financial success. By behaving according to a high ethical
standard, companies can strengthen the drive to succeed internally among
executives, management teams, and staff. Furthermore, companies can attract and
keep investors who themselves are attracted to companies that align with their
own standards of ethical behavior. In other words, business ethics can help
companies build long-lasting, solid reputations and financial success.

3. Give the objectives of business ethics.

A set of organizational goals that adhere to fair commercial procedures, ethical rules, and
established moral concepts. These guidelines define what is considered 'bad' and 'right' in
the workplace, but they are not legally binding. These established objectives, which guide
corporate activity both inside and outside the company, must be linked to the times and
society in which the company operates. Internal and exterior ethical aims should both be
considered. The basic goal of business ethics is to equip people with the tools they need
to deal with moral dilemmas. In a firm, ethical judgments can result in a happy
workforce, increased sales, lower regulatory costs, more consumers, and increased
goodwill.

4. What are the issues in business ethics?

When a decision, activity, or circumstance in business conflicts with the organization's or
society's ethical standards, ethical concerns arise. Because others may question their
behavior from a moral standpoint, both organizations and people might become entangled
in ethical dilemmas. Diversity, compliance, governance, and compassionate
decision-making are all complex ethical concerns that match the organization's basic
principles.
Ethical conflicts can be dangerous for a company since they can indicate non-compliance
with applicable laws.

The first ethical issue that is faced by employees is discrimination and harassment.
Discrimination and harassment have a severe influence on a company’s environment and
employees' ability to work affecting the company's activity in profits and reputation. The
next ethical issue is a whistleblower or social media rants, employees' online behavior is
now a crucial aspect of their employment status due to the increasing use of social media.
Punishing employees for inappropriate social media posts is still an ethical problem, and
the ramifications of a negative social media post may influence how the employee is
treated. One of the ethical issues in business is the accounting practices and ethics
Any business must follow proper bookkeeping procedures. Organizations, particularly
publicly traded firms, are concerned about "cooking the books" and other unethical
accounting practices. Organizations are required by law to maintain proper bookkeeping
systems. Accounting fraud is a severe problem, particularly for publicly traded
corporations. The law establishes financial reporting obligations in order to safeguard
shareholders and customers. Regardless of their size, all businesses must keep proper
financial records and pay taxes in order to attract investment and business partners. Many
firms are concerned about current and former employees stealing information, including
customer data that could be exploited by competitors. This is one of the issues that are
faced by most companies which is the Non-Disclosure and Corporate Espionage The
advancements in technology security capability, which fall under the same category as
nondisclosure agreements, raise privacy issues for both clients and staff. Employers now
have the power to monitor employee activities on business computers and other devices,
and while electronic monitoring is intended to assure efficiency and productivity, It
frequently diverges dangerously close to privacy infringement.
References:
https://www.investopedia.com/terms/b/business-ethics.asp
https://www.redlands.edu/study/schools-and-centers/business/sbblog/2019/may-2019/3-reasons-
why-business-ethics-important/#:~:text=Business%20ethics%20enhances
https://www.preservearticles.com/management/business-ethics/business-ethics/31415
https://sprigghr.com/blog/hr-professionals/6-ethical-issues-in-business-and-what-to-do-about-the
m/