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ETHICS, PROFESSIONALISM AND SOCIAL RESPONSIBILITY

Relevance of professional codes

Aim to regulate behavior of people practicing particular profession

Not all tertiary qualifications enable graduate register with professional body, but if someone registered with professional body has to abide to by professional code of organization

If code contravened person be fined, suspended or disbarred from practicing profession

Good business practice

Concept good business refers to standards of professionalism, accountability, ethics and effective business practice be conducted

Professional behavior guided by professional code which stipulate that there're predetermined consequences for professionals

If employees don’t belong professional organization – not clear what regarded ad unethical behavior

Unethical action not illegal but all illegal acts be seen as unethical thus It will be illegal to sell petrol below price government determines