What are Business Ethics? Why are business ethics an important requirement for management?

Business ethics refer to the moral principles and values that guide the behavior of individuals and organizations in the business world. These principles encompass honesty, integrity, fairness, responsibility, and accountability. In essence, business ethics dictate how a company conducts its operations, interacts with stakeholders, and makes decisions.

Business ethics are crucial for effective management for several reasons:

1. Maintaining Reputation and Trust: Ethical behavior builds trust and credibility __________ _________ _____ _________ _____ ________ __________ __________ _______.
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