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But who determines what is considered ethical? And what affects ones decision to act ethical or unethical? The answers to these questions will be discussed later.
Webster's new world dictionary defines ethics as "the study and standards of conduct and moral judgment" and "the system of morals of a particular religion, group, etc" (1). The understanding of human standards and moral judgment has greatly influenced modern business. Most modern Business' pay careful attention to ethical values and follow an ethical code of conduct. However these ethical values were not always acknowledged, slavery is a good example of this...
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