ETHICAL AND UNETHICAL ISSUES IN FINANCE

WHAT IS BUSINESS?

A business is an organisation or enterprising entity engaged in commercial, industrial, or professional activities . business can be for-profit organisation that operate to fulfill a charitable mission or future a social.

The term business also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit. business range in scale from a sole properties to an international corporation. several lines of theory are engaged with understanding business administration including organizational behavior, organization theory, and strategic management.

WHAT IS ETHICS

Ethics is a branch of philosophy that involves systematizing, defending, and recommending concepts of right and wrong conduct. The field of ethics, along with aesthetics, concerns matters of value, and thus comprises the branch of philosophy called axiology.

Ethics seeks to resolves questions of human mortality by defining concepts such as good and evil, right and wrong, virtue and vice, justice and crime. As a field of intellectual inquiry, moral philosophy also is related to the fields of moral psychology, descriptive ethics, and value theory.

                                                  

                     

WHAT IS UNETHICAL

• The Financial Service Authority's probe into unethical and illegal trading is focussing on the top 20 fund managers of unit trust companies.

• Complaints allege board members board members acted unethically by asking an intermediary to arrange a meeting with the judge responsible for the case