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What is Business Ethics?
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Is Business Ethics an Oxymoron?
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Ethics:
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The word ethics refers to many things: a code of rules, a set of principles one lives by, or the study
of what is right or wrong.
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Why should a corporation be moral?
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- Because usually it is in its interest.
- Because morality is in the interest of the corporate community in general.
- Because each individual corporation agreed to behave morally.
- Because to renege on its agreement and yet expect others to keep theirs is unfair.
- Because to agree to a set of rules to govern behavior and then to violate those rules secretly is inconsistent.
- Because to agree to a condition where business and business persons may break the rules if they can
get away with it is to undermine the environment necessary for business.
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Norman E. Bowie and Ronald F. Duska, Business Ethics, Second Edition
(Englewood Cliffs, N.J.: Prentice Hall, 1990), p. 3, p.114.
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