Balance of Payment

Business Ethics and its Importance

During any given time, the Balance of Payment is a statement that details all of the monetary transactions that have taken place between inhabitants of a particular country. A transaction statement contains all of the transactions made by and to people, corporations, and the government, and it is used to track the flow of money […]

Ethics and Business in Your Organization

Ethics and Business in Your Organization

The difference between business ethics and personal ethics is that business ethics typically includes all perceived moral standards. While personal ethics only pertain to a particular person. Additionally, personal ethics can vary from person to person because there are various influences from their social experiences, culture, etc. For example, some cultures believe it is wrong […]

Business Ethics components

Business Ethics and its Importance

Business ethics is about studying business transactions, actions, and choices in which ethical considerations are addressed. Business ethics typically relates to a corporation or an organization of decision-making that involves social responsibility. In contrast, social responsibility pertains to the effect of a business or activities on society. While legal obligation focuses on how a business […]