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ETHICS:
- The definition of ethics is the study of morality that involves questioning the concepts of right and wrong. Similar in a business sense, "ethics is depicted as the process of rationally evaluating the moral standards and applying them to specific business situations." (1)

Many people are of the opinion that ethics does have a place in business, whilst others disagree with that opinion and believe ethics has no place at all in the business. Ethics concern an individual's moral judgements about right and wrong. Decisions taken within a business may be made by individuals or groups, but whoever makes them will be influenced by the culture of the company. The decision to behave ethically is a moral one, employees must decide what they think is the right form of action, this could often involve rejecting the route which would lead to the biggest short-term profit. An ethical business may choose the next best ethical form of action to ensure the image of the business is not hindered in any form.

Various arguments arise of people under the opinion that caring about moral standards or following under the ethical criteria does not build profits. They believe, to ensure profits, a business should only produce the needs of society and should be completed in an effective way. The second argument that occurs is, it is argued that "only law is necessary for the companies to run and ethics should not be taken into account." (2)
In contrast, the mass majority of people including myself believe that ethics in a business is vital for a business to pursue profits and in addition to this, excell in the industry and most importantly, in the eyes of the people of the public. Today's world is healthier place based on the moral standards held by the majority of individuals. And it is the individuals who altogether construct a company. It is my opinion that a