Ethics Assignment 1
Ethics Assignment 1
GECETH-18 ETHICS
Assignment 1
Ethics are the moral standards and principles by which (entities/individual and
organizations) govern their behaviors and decision making. When these standards
and principles conflict with each other in a decision-making situation, an ethical
dilemma may occur.
• Discuss it with others - The greatest method to find out if a problem exists is
to discuss it with others. The existence of a dilemma, as well as the moral
consequences of each choice, can be determined through a group study of the
scenario. This could entail calling your company's hotline and reporting the
occurrence so that you can speak with the compliance team and obtain the
help you need.
• Understanding the Agent's Duties and Obligations - Understanding the agent's
responsibilities in the scenario is a fantastic way to approach any ethical
difficulties. A fiduciary obligation to the organization legally obligates the
agent to behave in the best interests of shareholders in a business context.
When it comes to resolving an ethical dilemma, contractual duties might also
play a role.
• Maximize the Good and Minimize the Bad - When there is no perfect answer
to an issue, the best way is to look at the effects of each possible action and
choose the one that has the most positive and least negative consequences.