Define business ethics.
Business ethics are also known as corporate ethics. These are the different types of applied ethics or professional ethics which are used to evaluate the ethical principles and morals or ethical issues which can be faced in the business environment or set up. It includes almost each and every dimension of the business and it is quite significant for the organizations and the individuals.
Business ethics is mainly the comprehensive study of appropriate business policies and practices with reference to the different controversial issues for example inside trading, corporate governance, bribery, discrimination, corporate social responsibility and fiduciary responsibilities.
Acting ethically simply means selecting and deciding the rights and wrongs of performing the different things and selecting those actions which could result in the welfare of others. This is also implemented in case of business.