| A | B |
|---|
| Business practice- | Methods, procedures, processes, and rules employed or followed by a firm in the pursuit of its objectives. |
| Code of ethics- | Written guidelines issued by an organization to its workers and management, to help them conduct their actions in accordance with its primary values and ethical standards. |
| Ethical- | Conforming to accepted standards: consistent with agreed principles of correct moral conduct. |
| Ethics- | The philosophy of interpreting and applying moral concepts. |
| Moral - | Involving right or wrong: relating to issues of right and wrong and to how individual people should behave. |
| Unethical- | Not ethical: not conforming to agreed standards of moral conduct, especially within a particular profession. |
| Question: Compare moral values to ethical business practices | Answer: Moral values are character-based virtues that shape an individual’s conduct in society. Ethical practices focus on right and wrong conduct in the business environment. |
| Question: Describe some unethical behaviors. | Answer: Removing hardware/software from company premises for personal use. Sabotaging company files. Possessing material ownership interest in a supplier’s company |
