Understand the main principles, values and development of business

INSTRUCTIONS TO CANDIDATES

ANSWER ALL QUESTIONS

TASK 1

Step 1 - Outcome 1 - Understand the main principles, values and development of business 

ethics

Outcome 2 - Understand national and international contemporary ethical issues affecting businesses

 

1.1 Explain the nature and purpose of business ethics

 

Your explanation of the nature of business ethics should include a definition of business ethics.

 

Your explanation of the purpose of business ethics should include the relationship between ethics and law, and a justification of why business ethics is necessary.

 

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1.2 Describe theories on ethics which apply to business practice

 

When describing theories, you should refer to relevant theories in relation to egoism, utilitarianism, human rights, Kantian ethics, social, contract.

 

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1.3 Describe how governments influence ethical approaches to business

 

When describing how governments influence ethical approaches to business, you should include examples of the interaction between governments and business, e.g., organisations such as the IMF, World Banks and how they have acted as a tool for administering ethics and ethical policies.

 

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