Business Ethics Essay

Ethics may be defined as the human morals or values which will govern good behavior. It may also be described as the study of how personal values and principles are applied in the business situation. There two different types of ethics in different spheres of society: this may include

Private sector:

E.g. an accountant and financial ethics. Most of the time there more accidents of unethical behavior in the financial atmosphere. Most of the time auditors have been found guilty of acting unethically which has destroyed millions of people’s lives

Public sector:

These sector consist of the government which has to make sure for acting in the best interest of society. It’s been said that most of them have been in a situation whereby they are tempted to act in their own interest instead of the country.

Code of ethical conduct:

Ethics and values are difficult to prescribe them or dictate because they differ from culture to culture and person to person

Code of ethics versus code of conduct:

A code of Ethics is an umbrella concept defining the morals, principles and values under which an organization operates

Code of conduct:

It’s a more specific concept, its regulating the expected behaviours for proper business practice.

Article 1

This article is a negative one. I choose this article because most people to try to avoid tax evasion. This is when a person is in a process of illegal non-payment or underpayment of tax. This article consist of Malema who has to pay an R16million tax bill. He’s facing criminal charges of not being able to repay SARS or to lose his assets. He has been linked to fraud, corruption and money laundering in an array of business deals. This article will consist of consequence –based theory: it states that it is the c...

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...s year. This has helped the rand to recover after it had been caught up in a sell-off of emerging markets.

If we look at the 3 articles we can clearly see that that the 1st article is a negative image compared to the other two. The comparison is that in the 1st article it talks about Malema who has a tax bill which is affecting the economy and as a result to that the SARS needs to take the possession of his assets or else Malema is going to end up in jail. The 2nd and 3rd article are both positive as they helping the South African and Nigerian economy to become more developed

Russely. Y 2013. Studying Business studies grade 12 2014.

Ndaba. V 2014 SA stocks for modest 2014 gains

Available at http:// www.iol.co.za

ABUBAKAR. A 2014 Shoprite opens in strife-torn Nigeria

Available at http:// www.iol.co.za

2012 Malema has a R16m bill

Available at http:// www.iol.co.za