Ethics in Business Name: Institution: Course: Date: Ethics in Business Ethical standards play a significant role in business relations. It forms part of the business foundation upon which all the interactions that the business makes are based on. Business relations form a crucial part of conducting business, as the business makes transactions with clients and suppliers and interacts with the shareholders. The ethical standards maintained by a company also determines how the clients and the shareholders among other stakeholders perceive the company in question (Hose, 2016). There are basic principles that apply with regard to the ethical standards and they are not dependent on the type of the business that is in question. The ethical standards have less to do with the legal obligations and more to do with the element of self-governance. With referenc
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