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Business ethics operates on the premise, for example, that the ethical operation of a private business is possible—those who dispute that premise, such as libertarian socialists (who contend that "business ethics" is an oxymoron) do so by definition outside of the domain of business ethics proper.
In business ethics, Ethical decision-making is the study of the process of making decisions that engender trust, and thus indicate responsibility, fairness and caring to an individual. To be ethical, one has to demonstrate respect, and responsibility. [ 1 ]
The term has been applied in the medical profession to describe doctors who prescribe unnecessary medical tests for patients, to protect themselves against possible future lawsuits. [15] The term has been used to describe a cultural tendency which works against accountability and risk-taking, such as in a war effort when generals engage in much ...
External ethics looks at the impacts that their business practices, such as who they loan to or invest in, will have on society and the environment. In applying external ethics, one looks at how the products of banks can be used unethically, for example how borrowers use the money that is lent out by the bank.
The following terms are in everyday use in financial regions, such as commercial business and the management of large organisations such as corporations. Noun phrases [ edit ]
The phrase "down bad" has taken on a life of its own on social media. People seem to be using it in a myriad of ways, but the spirit of the term is to yearn. Urban Dictionary defines "down bad" as ...
"Tone at the top" is a term that originated in the field of accounting and is used to describe an organization's general ethical climate, as established by its board of directors, audit committee, and senior management. Having good tone at the top is believed by business ethics experts to help prevent fraud and other unethical practices.
Verse 1: Did you really beam me up? In a cloud of sparkling dust Just to do experiments on Tell me I was the chosen one Showed me that this world is bigger than us