Subject Business Finance

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1. Ethics are behavioral standards that individuals and organizations apply and generally adhere to as acceptable. Without these standards, there can be numerous confusing variables used to determine if something is right or wrong, good or bad. Generally, individuals know whether something is right or wrong. Although, there are times that ethical decisions will require additional consideration, or sometimes assistance to make the appropriate choice. Thus, business organization worldwide developed a standardized internal policies widely known code of ethics, a framework for dealing ethical dilemmas within and outside the organization. These standards provide common operating practices that are used to define the limits of acceptable behavior.
On the other hand, there are always business considerations that might entail temptations for personal gain that might compromise ethical standards. Ethical standards are normally defined and developed by family, religious beliefs, friends, and societal practices....

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