Objective

To analyze what ethics is, how it relates to global business and how to recognize a business-related ethical dilemma.

Description

In this lesson you will learn about business ethics which is defined as the principle between right and wrong and rules the actions of businesspeople. You'll also learn that ethical issues emerge from the differences between political systems, local laws, regulations, economic developments, and cultures. Some ethical issues are considered employment practices, environmental pollution, acts against human rights and corruption. Finally, you'll understand that social responsibility should be assumed by businesses as an act of morality, since they hold enormous power.