Question: Ethics essentially involves how we act, live, lead our lives, and treat others. Our choices and decision-making processes and our moral principles and values that

Ethics essentially involves how we act, live, lead our lives, and treat others. Our choices and decision-making processes and our moral principles and values that govern our behaviors regarding what is right and wrong are also part of ethics.

Normative ethics refers to the field of ethics concerned with our asking how should and ought we live and act?

Business ethics is applied ethics that focuses on real-world situations and the context and environment in which transactions occur.

The course text identifies the following approaches to ethical principles for individuals and businesses; Utilitarianism, Universalism, a Rights Approach, Justice, Virtue, Common Good and Ethical Relativism. Identify approach of choice and explain why preferred.

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