Business ethics include the following except
A. Corrupt practice
B.Discrimination
C.Personal ethics
D.Wages
D. Wages
The correct answer is C. Personal ethics. Business ethics refers to the moral principles and guidelines that govern appropriate behavior in the business world. It involves issues such as honesty, integrity, fairness, and respect for others. Personal ethics, on the other hand, refers to an individual's own moral code and values, which may or may not align with business ethics.
To determine which option is not included in the concept of business ethics, let's break down each option and its relation to business ethics:
A. Corrupt practice: This refers to any illegal or dishonest activities conducted in the business environment. These activities are clearly unethical as they involve cheating, bribery, fraud, or other forms of misconduct to gain an advantage. Consequently, this option is generally accepted as part of business ethics.
B. Discrimination: Business ethics strongly advocate for fairness, equality, and treating individuals with respect and dignity. Discrimination refers to unjust or prejudicial treatment of individuals based on factors like race, gender, age, sexual orientation, religion, etc. In line with ethical principles, businesses should not engage in any form of discrimination. Therefore, discrimination is considered part of business ethics.
C. Personal ethics: Personal ethics refers to an individual's own moral and ethical principles that guide their behavior. However, business ethics extend beyond personal ethics, as they involve the application of ethical standards within a professional or organizational setting. Nevertheless, personal ethics can still influence and shape how individuals make decisions within the realm of business ethics. Therefore, personal ethics are also related to business ethics.
D. Wages: Wages refer to the compensation or remuneration provided to employees for their work. Ethical considerations within business extend to fair wages, ensuring that employees' compensation is commensurate with their contributions and aligns with industry standards. Therefore, wages are included in the concept of business ethics.
After analyzing each option, the answer becomes clear:
The option that is not typically included in the concept of business ethics is:
C. Personal ethics
While personal ethics can influence a person's behavior within a professional context, business ethics mainly focus on the ethical standards, principles, and practices within an organizational setting.