1. State the philosophy of ethics?

Ethics or moral philosophy is a branch of philosophy that involves systematizing,

defending, and recommending concepts of right and wrong conduct.Ethics seeks to
resolve questions of human morality by defining concepts such as good and evil,
right and wrong, virtue and vice, justice and crime.
2. What is business ethics?
Business ethics is the study of appropriate business policies and practices
regarding potentially controversial subjects including corporate governance, insider
trading, bribery, discrimination, corporate social responsibility, and fiduciary
responsibilities.
3. Elucidate the meaning of personal and professional ethics?
Personal ethics refers to the ethics that a person identifies with in respect to
people and situations that they deal with in everyday life.
Professional ethics refers to the ethics that a person must adhere to in respect of
their interactions and business dealings in their professional life.
4. Illustrate the need of ethical intervention today?
5. What is the importance of values in business?
 Core values help companies in the decision-making processes. For example,
if one of your core values is to stand behind the quality of your products, any
products not reaching the satisfactory standard are automatically eliminated.
 Core values educate clients and potential customers about what the
company is about and clarify the identity of the company. Especially in this
competitive world, having a set of specific core values that speak to the public
is definitely a competitive advantage.

6. Mention any two unethical issues in contemporary business with examples?

7. What is the rationale behind ethical theories?
8. Explain the concept of Deontology theory?

9. What is absolutism and relativism?

10. What is normative ethics?
11. What is Utilitarianism? Give example

12. State the relationship between rights and duties

13. What is teleology?

14. What are the different types of rights?

15. What is justice and state any two types of justice?

Justice is what we as a society regard as “right” based on our moral concepts of
ethics, rationality, law, religion, equity and fairness. Justice needs to be in the light of
the democratic principle of the 'rule of law'. ... It ensures that all decisions and actions
of individuals are in line with a country's laws.
Distributive justice
Distributive justice, also known as economic justice, is about fairness in what people
receive, from goods to attention. Its roots are in social order and it is at the roots of
socialism, where equality is a fundamental principle.
If people do not think that they are getting their fair share of something, they will seek first
to gain what they believe they deserve. They may well also seek other forms of justice.

Procedural justice
The principle of fairness is also found in the idea of fair play (as opposed to the fair
share of distributive justice).
If people believe that a fair process was used in deciding what it to be distributed, then they
may well accept an imbalance in what they receive in comparison to others. If they see
both procedural and distributive injustice, they will likely seek restorative and/or
retributive justice.
16. Explain the term fairness
Fairness is the concept in sociology, law and generally in society, that something
should be equal and not be a contradiction to accepted standards. It's related to
justice in both the legal and sociological sense. Fairness is also treating others
equally or in a way that is considered right or reasonable.
17. Define Morality
Morality (from Latin: moralis, lit. 'manner, character, proper behavior') is the
differentiation of intentions, decisions and actions between those that are
distinguished as proper and those that are improper. ... Morality may also be
specifically synonymous with "goodness" or "rightness".