4.

What is Ethics
5. What is Morality
6. What is Business Ethics?
WHAT IS ETHICS?
 ETHICS:
• According to Jones, Ten Bos, and Parker, “ethics” came
from the Greek work ethos which means “character,
habit, dwelling place”.

• Ethos may refer to one's character which is a product of

what one does regularly and repeatedly so that it has
already become a routine.
 ETHICS:
At present time, Ethics has become a specialized discipline.

• “Ethics is the discipline that examines one's moral

standards or the moral standards of a society. It asks how
these standards apply to our lives and whether those
standards are reasonable or unreasonable.”

• “Ethics is the study of what is good and evil, right and

wrong, and just and unjust.”
 ETHICS:

It makes us realize again that...

MAN IS A FREE CREATURE ENDOWED

WITH INTELLECT AND RATIONALITY.
WHAT IS MORALITY?
 MORALITY:
• Originated from the Latin term mos and its plural form
mores which was used to refer to one's disposition,
character, temperament, manners, customs, or the proper
behavior of a person in society.

• At present, morality is used to signify “the set of beliefs

of an individual and/or the system of principles and
judgments shared by a society, culture, or
community.”
 MORALITY:
• The term MORALITY may also be used to refer to the
quality of rightness or wrongness of a particular
action.

For example: “What is the morality of whistleblowing,

bribery, or deceptive advertising?”
WHAT IS BUSINESS ETHICS?
 BUSINESS ETHICS:
A systematic study of ethics as applied to the
issues arising in business.
WHY IS IT IMPORTANT TO STUDY BUSINESS
ETHICS?
Business students are the future
business tycoons, chief
executive officers, and
successful corporate people.

It is hoped that future business

leaders would be inspired to
take on the world of business
guided by principles learned in
the course.
ETHICS AND LAW
ETHICS & LAW
LET THIS PICTURE TALK: Activity
1. What ethical issue is conveyed in
the picture?
2. Cite instances in the Philippines
that exemplify this ethical issue. Give
your insights.
3. Are there instances where this
practice is acceptable?
4. Do you think business enterprise is
also responsible for this condition?
5. Think of ways on how we can
combat this kind of unethical business
practice.