Bus 201 september 17, 2015 chapter 3 - conducting business ethically and. Ethics individual standards /moral values on what"s wrong/right and good/bad. Ethical behaviour behaviour conformed by individual behaviour/social norms about whats right/good. Unethical behaviour - behaviour conformed by individual behaviour/social norms about whats wrong/bad. Business ethics ethical/unethical behaviours from managers/employee of organization. Depends for each company, person, even country ex: legal in germany but not in. Managerial ethics standards of behaviour that guides individual managers in their work: classify into 3 broad categories. Hiring, firing, wages: behaviour towards employees, behaviour towards organization. Conflict of interest when activity benefits the employee at the expense of the employer: behaviour toward other economic agents. Ultimatums not cool ex: company to union. Seeing if something is ethical/unethical: gather the relevant factual information, determine the most appropriate moral values, math ethical judgement based on right/wrong of proposed activity or policy.