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Value – цінність
Stick to – дотримуватися
Associate – колега
Slave – раб

II. Read and translate the text:

Ethics is the system of moral principles, rules of conduct, and morality of choices that
individuals make.

Business ethics is the application of moral standards to business situations. Business ethics
has become a matter of public concern.

All business people face ethical issues daily, and they stem from a variety of sources.
Although some types of issues arise infrequently, others occur regularly. Let’s take a closer look at

several ethical issues.

1. Fairness and Honesty. Fairness and honesty in business are two important
ethical concerns. Besides obeying all laws and regulations, business people

should refrain from deceiving, misrepresenting, or intimidating others.

2. Organizational Relationships. A business person may be tempted to place his or

her personal welfare above the welfare of the organization. Relationships with
customers and coworkers often create ethical problems – since confidential

information should be secret and all obligations should be honored. Unethical
behavior in these areas includes not meeting one’s obligations in a mutual

agreement, and pressuring others to behave unethically.

3. Conflict of Interest. Conflict of interest results when a business person takes

advantage of a situation for his or her own personal interest rather than for the
employer’s or organization’s interest. Such conflict may occur when payments

and gifts make their way into business deals. A wise rule to remember is that
anything given to a person that might unfairly influence that person’s business

decision is a bribe, and all bribes are unethical.

4. Communications. Business communications, especially advertising, can present

ethical question. False and misleading advertising is illegal and unethical, and it
can infuriate customers. Sponsors of advertisements aimed at children must be