Business_Ethics

Business Ethics In today's modern world of business, individuals constantly face ethical dilemmas. Ethics, in its broader sense, deals with human conduct in relation to what is morally good and bad, right and wrong. To determine whether a decision is good or bad, the decision maker must compare his/her options with some standard of perfection. This standard of perfection is not a statement of static position but requires the decision maker to assess the situation and the values of the parties affected by the decision. The decision maker must then estimate the outcome of the decision and be responsible for its results. Two good questions to ask when faced with an ethical dilemma are, "Will my actions be fair and just too all parties affected'" and "Would I be pleased to have my closest friends learn of my actions'" COMPETENCE Practitioners have a responsibility to: • Maintain an appropriate level of professional competence by ongoing development of their knowledge and skills. • Perform their professional duties in accordance with relevant laws, regulations, and technical standards. • Prepare complete and clear reports and recommendations after appropriate analyses of relevant and reliable information. CONFIDENTIALITY Practitioners have a responsibility to: • Refrain from disclosing confidential information acquired in the course of their ethical, good, ethics, common, decision, behavior, appropriate, should, conflict, society, problem, parties, information, business, refrain, standard, requires, professional, problems, organization, might, issues, individuals, course, conduct, company, another, work, while, unethical, superior, significant, share, responsibility, relevant, questions, practitioners, personal, people, own, organizational, one, next, maker, maintaining, level, higher, free, efforts, confidential