Ethics Business Ethics Banking an Integrated Perspective
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 54 rapid-fire Q&A cards.
Guidelines for conduct — a system of moral principles?
Core principles and standards that help in making judgement
Moral principle system?
It induces thinking
Tells "what is morally correct or incorrect in the given situation"?
Tells "what we want to do or achieve"
Indicates the magnitude of correctness or wrongness of one's options?
Explains the level of significance
1 — Myth / Reality?
Myth: Business ethics modifies people's behaviour; Reality: Business ethics is about managing values and resolving conflicts between individual and organisational ethics
2 — Myth / Reality?
Myth: Our human resources are already ethical, no training is needed; Reality: Even good managers face complex ethical dilemmas with conflict of principles — training is essential
3 — Myth / Reality?
Myth: Business ethics is the privilege of philosophers and theologians; Reality: Business ethics has a lot to do with the daily operations of an organisation
4 — Myth / Reality?
Myth: There is nothing new about business ethics; Reality: Business ethics safeguards the interest of all stakeholders, especially employees at the bottom of the pyramid
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