1. Business ethics is the application of general ethical principles and standards to business behavior.
2. Business ethics does not really involve a special set of ethical standards applicable only to business situations.
3. Ethical principles in business are not materially different from ethical principles in general.
CORE CONCEPT: By business ethics, we mean the application of general ethical principles and standards to business behavior.
4. Business must draw its ideas of “the right thing to do” and “the wrong thing to do” from the same sources as anyone else. A business should not make its own rules about what is right and wrong.
CORE CONCEPT: Business actions are judged by the general ethical standards of society, not by a special set of permissive standards.
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