Keyword Analysis & Research: ethical frameworks business

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Frequently Asked Questions

What are the basic ethical principles of business?

Some common ethical principles include honesty, equality, respect for rights, integrity and adherence to the law. While these are all fairly standard ethical principles, their precise applications depend on the setting. For instance, the implications and importance of ethical principles vary greatly between medical and business environments.

What are basic business ethics concepts?

The most basic business ethics concepts can be summed up as the values of honesty, integrity and fairness. The exact behavior will depend on the country and the company.

What are the different ethical frameworks?

Ethical frameworks. Four frameworks commonly used to make ethical judgements are: Rights and responsibilities: the rights of one imply the responsibilities (or duties) of another to ensure those rights. Consequentialism: weighing the benefits and harms resulting from our actions.

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