Explain the rule of viability when making ethical decisions.
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Explain the rule of viability when making ethical decisions.
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- Explain the role of viability when making ethical decisions.Discuss what it means to practice good business ethics,and highlight three factors that influence ethical decisionmakingDiscuss what it means to practice good business ethics, and highlight the forces that can influence ethical decision-making.
- Explain the model of ethical decision-making in business and explain how it differs from the process used at home, in families, and personal lives.Ethical codes serve as the moral compass guiding individuals and organizations in navigating the complexities of ethical decision-making. These codes are rooted in fundamental principles such as integrity, honesty, fairness, and respect for others. They provide a framework for behavior and decision-making, ensuring that actions align with ethical values and principles. In professional settings, ethical codes outline the responsibilities and obligations of individuals towards clients. colleagues, employers, and society at large. For example, in healthcare, etifical codes dictate the duty of healthcare professionals to prioritize patient well-being, maintain confidentiality, and uphold the highest standards of care. Similarly, in business, ethical codes emphasize integrity in dealings with clients, suppliers, and competitors, as well as social responsibility and environmental sustainability. Ethical codes are not merely abstract guidelines; they are practical tools that help individuals…Explain Four (4) keys components essential for any ethical decision making.