Seekh Logo

AI-powered learning platform providing comprehensive practice questions, detailed explanations, and interactive study tools across multiple subjects.

Explore Subjects

Sciences
  • Astronomy
  • Biology
  • Chemistry
  • Physics
Humanities
  • Psychology
  • History
  • Philosophy

Learning Tools

  • Study Library
  • Practice Quizzes
  • Flashcards
  • Study Summaries
  • Q&A Bank
  • PDF to Quiz Converter
  • Video Summarizer
  • Smart Flashcards

Support

  • Help Center
  • Contact Us
  • Privacy Policy
  • Terms of Service
  • Pricing

© 2025 Seekh Education. All rights reserved.

Seekh Logo
HomeHomework Helpbusiness-ethicsEthics in Business

Ethics in Business

Ethics in business decision-making refers to the principles and standards that guide behavior in the world of business, ensuring that actions align with societal values and norms while considering the repercussions of decisions on stakeholders.

intermediate
3 hours
Business Ethics
0 views this week
Study FlashcardsQuick Summary
0

Overview

Ethics play a vital role in business decision-making by guiding companies to act responsibly and maintain trust with stakeholders. Understanding ethical principles helps businesses navigate complex situations, ensuring that decisions align with societal values and expectations. By prioritizing ethic...

Quick Links

Study FlashcardsQuick SummaryPractice Questions

Key Terms

Ethics
Moral principles that govern a person's behavior.

Example: Honesty and integrity are key ethics in business.

Stakeholder
Any individual or group affected by a business's actions.

Example: Employees, customers, and suppliers are all stakeholders.

Corporate Social Responsibility (CSR)
A business model that helps a company be socially accountable.

Example: A company donating to local charities is practicing CSR.

Utilitarianism
An ethical theory that promotes actions that maximize happiness.

Example: Choosing a business strategy that benefits the majority.

Deontology
An ethical theory focused on rules and duties.

Example: Following company policies even if it leads to a loss.

Virtue Ethics
An ethical approach that emphasizes moral character.

Example: A leader demonstrating honesty and fairness.

Related Topics

Corporate Governance
The system of rules and practices that direct and control a company.
intermediate
Sustainability in Business
Practices that meet the needs of the present without compromising future generations.
intermediate
Consumer Rights
The legal rights of consumers to receive fair treatment and protection.
intermediate

Key Concepts

Corporate Social ResponsibilityStakeholder TheoryMoral PhilosophyRegulatory Compliance