1. What are the rules of Ethical Behavior? Plus, what are the risks of such behavior?
2. What are sharp practices?
Answer (1)
Answer:Ethical Behavior: Rules and Risks 1. Rules of Ethical Behavior: Ethical behavior is about doing the right thing, even when it's hard. Here are some basic rules: - Honesty: Tell the truth, even if it's not what you want to hear.- Fairness: Treat everyone equally and with respect.- Responsibility: Be accountable for your actions and decisions.- Loyalty: Be faithful to your commitments and promises.- Respect: Treat others with dignity and value their opinions. Risks of Ethical Behavior: Sometimes, doing the right thing can be risky: - Loss of Job: You might get fired for speaking up against something wrong.- Damaged Relationships: You might lose friends or colleagues if you disagree with them.- Missed Opportunities: You might miss out on a promotion or bonus if you refuse to do something unethical.- Personal Stress: It can be stressful to stand up for what's right, especially when you're facing pressure. 2. Sharp Practices: Sharp practices are sneaky or dishonest ways of doing business. They might be legal, but they're not ethical. Examples include: - Lying about products or services- Taking advantage of people who don't understand the rules- Hiding important information- Breaking promises Sharp practices can hurt your reputation and make people lose trust in you. It's important to be honest and fair in all your dealings, even if it means taking a smaller profit.
