What are the key principles of business ethics?
The key principles of business ethics include integrity, fairness, transparency, accountability, and respect for stakeholders.
Can you explain why integrity is important in business?
Integrity builds trust with clients and employees, fostering a positive reputation and long-term success.
What are some common ethical dilemmas in the workplace?
Common dilemmas include conflicts of interest, discrimination, harassment, and issues related to honesty and transparency.
How can companies promote ethical behavior among employees?
Companies can promote ethical behavior by providing training, establishing clear policies, and encouraging open communication.
Are there any laws related to business ethics?
Yes, there are various laws such as the Sarbanes-Oxley Act and the Foreign Corrupt Practices Act that govern ethical business practices.
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