Remedial Unit 3

Remedial Unit 3

1. Ethics and Values

   • Ethics refers to the guidelines for conduct, that address question about morality. Value is defined as the principles and ideals, which helps them in making the judgement of what is more important.

2. Personal bussines and social ethics

   • The basic difference between the two is that personal ethics refers to a person's morals or values in any aspect of life. In contrast, business ethics refers to an individual's values within their work environment and how they conduct themselves professionally.

3. Moral

   • concerned with or relating to what is right and wrong in human behavior moral problems a moral judgment

4. Personal, Social and Universal values

   • The values of peace, freedom, social progress, equal rights and human dignity, enshrined in the Charter of the United Nations and in the Universal Declaration of Human Rights, are no less valid today than when, over half a century ago, those documents were drafted by representatives of many different nations and cultures.

5. Responsibility, awareness and commitment

   • Our commitment. Being socially responsible is about being accountable for the impacts of our decisions and activities on society and the environment through transparent and ethical behaviour. A socially responsible business is a more resilient business and contributes to sustainable development.