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He hired a consultant to help him along the process and together they defined four core values, which are: transparency, punctuality, excellence and honesty. These principles helped the business to increase the healthiness of the work environment and reduced the number of conflicts experienced with both customers and suppliers. The meaning of "ethics" is hard to pin down, and the views many people have about ethics are shaky. Like Baumhart's first respondent, many people tend to equate ethics with their feelings.
But being ethical is clearly not a matter of following one's feelings. A person following his or her feelings may recoil from doing what is right. In fact, feelings frequently deviate from what is ethical. Nor should one identify ethics with religion. Most religions, of course, advocate high ethical standards.
Yet if ethics were confined to religion, then ethics would apply only to religious people. But ethics applies as much to the behavior of the atheist as to that of the devout religious person. Religion can set high ethical standards and can provide intense motivations for ethical behavior. Ethics can be applied to all aspects of business, from accounting to customer service. Being ethical in accounting means that you keep the business's financial information correct to the best of your ability, that you don't falsify records and you don't move funds around to make the company look more sound than it is.
Keeping accurate financial records is crucial in any company, especially those that report the information to stockholders. Shuffling funds among accounts can make a company look healthier than it is by hiding problems; this can mislead investors.
Or it can be done to make the company look weaker than it actually is in order to lower the tax burden. Some movement of funds between accounts is completely legal. But if it's done to give the appearance that the company is doing better or worse than it is, it is considered ethical. Be ethical , stop producing guns! We're doing our best to make sure our content is useful, accurate and safe. If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.
Forgot your password? Retrieve it. If by any chance you spot an inappropriate image within your search results please use this form to let us know, and we'll take care of it shortly. Term » Definition. Word in Definition. Princeton's WordNet 4. Bradley ethical, honorable, honourable adjective adhering to ethical and moral principles "it seems ethical and right"; "followed the only honorable course of action". Wiktionary 1. The philosopher Kant is particularly known for his ethical writings.
All employees must familiarize themselves with our ethical guidelines. We are trying to decide what the most ethical course of action would be. In most jurisdictions, morphine is classified as an ethical drug. Webster Dictionary 0. Editors Contribution 0. Submitted by MaryC on July 17,
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