EthicsPhilosophical study of moralityEthics is the philosophical study of moral phenomena. Also called moral philosophy, it investigates normative questions about what people ought to do or which behavior is morally right. Its main branches include normative ethics, applied ethics, and metaethics. Normative ethics aims to find general principles that govern how people should act.
Business ethicsApplication of ethical principles to the area of business activitiesBusiness ethics (also known as corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. These ethics originate from individuals, organizational statements or the legal system.
BusinessBusiness is the practice of making one's living or making money by producing or buying and sellingproducts (such as goods and services). It is also "any activity or enterprise entered into for profit." A business entity is not necessarily separate from the owner and the creditors can hold the owner liable for debts the business has acquired except for limited liabilitycompany. The taxation system for businesses is different from that of the corporates.IntegrityIntegrity is the quality of being honest and having a consistent and uncompromising adherence to strong moral and ethical principles and values. In ethics, integrity is regarded as the honesty and truthfulness or earnestness of one's actions. Integrity can stand in opposition to hypocrisy. It regards internal consistency as a virtue, and suggests that people who hold apparently conflicting values should account for the discrepancy or alter those values.
Federal Acquisition RegulationThe Federal Acquisition Regulation (FAR) is the principal set of rules regarding government procurement in the United States. The document describes the procedures executive branch agencies use for acquiring products and services. The FAR is part of the Federal Acquisition System, which seeks to obtain the best value for agencies, minimize administrative costs and time required for acquisition, and promote fair competition for the suppliers of the products and services.
OrganizationAn organization or organisation (Commonwealth English; see spelling differences) is an entity—such as a company, or corporation or an institution (formal organization), or an association—comprising one or more people and having a particular purpose. Organizations may also operate secretly or illegally in the case of secret societies, criminal organizations, and resistance movements.
Code of conductA code of conduct is a set of rules outlining the norms, rules, and responsibilities or proper practices of an individual party or an organization.
WrongdoingA wrong, or wrengths (from Old Englishwrang – 'crooked'), is an act that is illegal, incorrect, or immoral. Legal wrongs are usually quite clearly defined in the law of a state or jurisdiction. They can be divided into civil wrongs and crimes (or criminal offenses) in common law countries, while civil law countries tend to have some additional categories, such as contraventions. Moral wrong is an underlying concept for legal wrong.
Malum prohibitumMalum prohibitum (plural mala prohibita, literal translation: "wrong [as or because] prohibited") is a Latin phrase used in law to refer to conduct that constitutes an unlawful act only by virtue of statute, as opposed to conduct that is evil in and of itself, or malum in se. Conduct that is so clearly violative of society's standards for allowable conduct that it is illegal under English common law is usually regarded as malum in se.Malum in seMalum in se (plural mala in se) is a Latin phrase meaning "wrong" or "evil in itself". The phrase is used to refer to conduct assessed as sinful, contradictory to natural law or inherently wrong by nature, independent of regulations governing the conduct. It is distinguished from malum prohibitum, which refers to acts that are wrong only because they are prohibited by law.
MoralityMorality is a phenomenon among social animals, including humans, through which communities and individuals evaluate actions, character, and social arrangements. It often refers to a set of standards, doctrines, or systems of conduct that evaluate actions and character traits using criteria that vary across individuals, societies, social classes, public opinion, religions, cultures, customs, and traditions.Government procurementGovernment procurement or public procurement is the purchase of goods, works (construction), or services by the state, such as by a government agency or a state-owned enterprise. In 2019, public procurement accounted for approximately 12% of GDP in OECD countries. In 2021, the World Bank Group estimated that public procurement made up about 15% of global GDP. Therefore, government procurement accounts for a substantial part of the global economy.*As an Amazon Associate I earn from qualifying purchases.