ACTG 2010 Lecture Notes - Lecture 6: Moral Relativism, Business Ethics, Organizational Ethics
12 Jul 2016
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Ethics: ethics (moral philosophy) deals with individual character as well as the moral rules that guide a person"s conduct o. Looks at questions such as what is right and wrong, fair and unfair, duty and obligation, justice and injustice, etc o. The terms ethical and moral are completely interchangeable: business and organizational ethics o. Business ethics focuses on studying what is considered right and wrong, good/bad, and human conduct in general in a business context. An organization is a group of people working together to achieve some sort of common o purpose. This purpose may be for profit, such as in a business, but it can also be to provide a not-for-profit service such as health care. Moral standards differ from these because they deal with behavior that has serious consequences to human welfare, and can harm or benefit people. Moral standards take precedence over all other standards, including your self- interest.
