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 Business Ethics Business ethics refers to the study of ethical principles and values in the context of business activities and decision-making. It involves the application of moral and ethical standards to the behavior of individuals and organizations engaged in commerce and trade. The purpose of business ethics is to guide businesses in making ethical decisions and conducting their operations in a socially responsible manner.   Key components of business ethics include: 1. Corporate Governance: Business ethics addresses issues related to corporate governance, including the responsibilities and accountability of boards of directors, executives, and shareholders. 2. Social Responsibility: Businesses are expected to contribute positively to society. This involves considering the impact of business activities on various stakeholders, such as customers, employees, suppliers, communities, and the environment. 3. Fair Practices: Ethical business behavior includes fair...

Values - Concept, Types and Formation Concept - Values are fundamental beliefs and principles that guide an individual's attitudes, behaviors, and decision-making. They serve as a foundation for ethical and moral standards, shaping a person's character and influencing their priorities. Values are deeply ingrained and can be shaped by a variety of factors, including cultural, religious, familial, and personal experiences. Key aspects of the concept of values: 1. Core Beliefs: Values represent a person's core beliefs about what is important and desirable in life. These beliefs often reflect a person's understanding of right and wrong, good and bad.   2. Guiding Principles: Values serve as guiding principles that help individuals make choices and decisions. They act as a moral compass, providing a framework for evaluating actions and behaviors.   3. Stability and Consistency: Values tend to be relatively stable over time and are resistant to quick changes. T...

  The Academic Bank of Credits (ABC) The Academic Bank of Credits (ABC) is a revolutionary initiative by the University Grants Commission (UGC) of India. It's essentially a digital storehouse that keeps track of all the credits you earn throughout your academic journey. Think of it like a bank for your academic achievements, where credits are your currency. Each course you complete earns you credits, which are deposited into your ABC account. These credits can then be used for various purposes, like: Transferring credits between institutions: If you switch universities or colleges, you can transfer your earned credits seamlessly, avoiding the need to repeat courses. Pursuing multiple qualifications: You can use your ABC credits to build your own customized learning path, combining credits from different institutions and disciplines. Taking a break from studies: If you need to take a break from your education for any reason, your earned credits are safe in your A...