Business ethics is defined as "the study of appropriate business policies and practices
regarding potentially controversial subjects including corporate governance, insider
trading, bribery, discrimination, corporate social responsibility, and fiduciary
responsibilities." It's the application of a moral framework to the way organizations do
business, and it shapes and changes the way businesses operate. It can be both normative
(e.g., how employee behavior is related to cultural or social issues) or descriptive (e.g., how
to incorporate best practices into an organization's policies and procedures).
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