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Ethics are standards of conduct that indicate how individuals ought to behave when faced with difficult situations. These standards are based primarily on values and principles about what is right or wrong. Secondary factors can also affect ethical behavior, and these include differences in the systems of laws in different countries, organizational culture, and professional cultures and codes of ethic (Pitta).
Business ethics has become a very popular topic of discussion in recent years from the media to the academic arena. This attention is mostly the result of the recent financial scandals but is also due to the globalization of the business community...
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