in our professional lives, ethics guides our interactions with customers, clients, colleagues, employees, and shareholders affected by our business practices. study with quizlet and memorize flashcards containing terms like ethics, business ethics, 3 layers of business ethics a. ) basic values (3) and more. an ethical decision or action is one that is right according to some standard of behavior. Business ethics is the application of moral standards to business situations. Which of these concepts relates to utilitarianism? According to the greek system of logic introduced by socrates,. refers to the principles or standards that define what's right or wrong and good or bad. Greek word (ethos), which refers to the values, norms, beliefs, and expectations. business managers don’t need to study ethics in order to know how to treat employees, shareowners, and customers. Business and ethics simply don’t mix.
