Ethics in business. Alempijevi Aleksandar, 740/13 Vujanovi Filip, 741/13 Dictionary meaning: system of morals, rules and conduct. Business ethics can be defined as written and unwritten codes of principles and values that govern decisions and actions within a company. The origin of this word is from ETHOS which means character. In the business world, the organization’s culture sets standards for determining the difference between good and bad decision making and behavior. 3. Ethics is defined as the ability to distinguish between right and wrong and act accordingly.. Ethics are no more in religious texts; they are a
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