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Ethics or Moral Philosophy Is The Branch of Philosophy That Involves Systematizing, Defending

Ethics involves systematizing concepts of right and wrong conduct. A public good is a non-rivalrous and non-excludable product that benefits all, like national defense. A code of conduct outlines social norms, rules, and responsibilities for an individual or organization. Having strong ethics can attract customers and investors, boost sales and profits, increase productivity by reducing employee turnover, and help recruit top talent. An ethical dilemma is a complex situation where obeying one moral principle would violate another.

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Bala Subramani
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33 views2 pages

Ethics or Moral Philosophy Is The Branch of Philosophy That Involves Systematizing, Defending

Ethics involves systematizing concepts of right and wrong conduct. A public good is a non-rivalrous and non-excludable product that benefits all, like national defense. A code of conduct outlines social norms, rules, and responsibilities for an individual or organization. Having strong ethics can attract customers and investors, boost sales and profits, increase productivity by reducing employee turnover, and help recruit top talent. An ethical dilemma is a complex situation where obeying one moral principle would violate another.

Uploaded by

Bala Subramani
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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1.

Ethics
Ethics or moral philosophy is the branch of philosophy that involves systematizing, defending,
and recommending concepts of right and wrong conduct. The term ethics derives from the
Ancient Greek word ethikos, which is derived from the word ethos (habit,
"custom").
2. Pubic good
A public good is a product that one individual can consume without reducing its availability to
another individual and from which no one is excluded. Economists refer to public goods as "nonrivalrous" and "non-excludable". National defense, sewer systems, public parks and basic
television and radio broadcasts could all be considered public goods.
3.code of conduct
A code of conduct is a set of rules outlining the social norms and rules and responsibilities of, or
proper practices for, an individual, party or organization. Related concepts include ethical, honor,
moral codes and religious laws.
4.importance ethics

attract customers to the firm's products, thereby boosting sales and profits
make employees want to stay with the business, reduce labour turnover and therefore
increase productivity
attract more employees wanting to work for the business, reduce recruitment costs
and enable the company to get the most talented employees
attract investors and keep the company's share price high, thereby protecting the
business from takeover.

5.work ethics
A work ethic is a set of moral principals an employee uses in his job. Certain factors come
together to create a strong work ethic.
6.ethical dilemma
An ethical dilemma is a complex situation that often involves an apparent mental conflict
between moral imperatives, in which to obey one would result in transgressing another.
7.Hosmer model
The HosmerLemeshow test is a statistical test for goodness of fit for logistic
regression models. It is used frequently in risk prediction models. The test assesses whether

or not the observed event rates match expected event rates in subgroups of
the model population.
8.Ethical vs unethical managers

9.importance of code of ethics

Professional accountability:
Accepting responsibility for professional decisions and actions.
Professional competence:
Committing to provide quality professional service throughout one's practice.
Non-discrimination:
Approaching professional service with respect and cultural sensitivity.
Integrity in professional relationships:
Dealing honestly and fairly with consumers and colleagues.
Integrity in business practices:
Dealing honestly and ethically in all business practices.
10.commits fraud

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