What is ethics? The term ethics derives from the Greek word ethikos and subsequently translated into Latin moralis. Therefore it is easy to see the link between ethics and morality. When we refer to irresponsible behavior we call it immoral or unethical. The focus is on a person's character and mannerisms. Ethics is based on being selfless and balancing what is good for oneself and what is good for others. An action is therefore unethical if the person who carries it out is only concerned with himself and not for the good or for others. Ethics and values ​​There is a very close relationship between ethics and values. Values ​​can be described as beliefs about what is good or desirable. Differences in people's values ​​are due to a variety of factors: culture, religion, climate, social and economic status, personal experiences, age, gender and a myriad of other factors can all impact our values. These differences lead to differences in ethical judgment that we typically find between people. Although they are closely related, they cannot be equated with each other since our values ​​do not have to be ethical. This brings me to my next point about moral dilemmas A moral dilemma occurs when an ethical evaluation of a situation produces two or more conflicting judgments. Such moral dilemmas can be personal or social in nature. Business ethicsBusiness activity always has an ethical aspect. No matter what type of business you carry out, there is always an ethical aspect. A commercial transaction occurs when people exchange a product or service for money. If the exchange is fair, both parties benefit and therefore the interests of both are protected. So this interaction between the parts…half of the document…the environment. Ethical Decision Making We must test our actions against the following criteria: Is it legal? Does it meet company standards? Is it fair to all stakeholders? Can it be disclosed? A decision-making process involves identifying possible solutions and then considering which of these possibilities has the best potential to solve the problem at hand. To find an optimal solution to a problem, it is important to explore as many alternative options as possible. There are 5 steps in the decision-making process: discerning the ethical issue, identifying possibilities, determining the impact on stakeholders, evaluating against ethical criteria, and selecting a viable ethical option. In the disclosure process it would be necessary to explain the reason for the chosen option and if a person can do this in a public forum then they reasonably believe that their choice is ethical.