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INTRODUCTION Business ethics is one of the most important, yet perhaps most misunderstood, concerns in the world of business today ( Ferell, Fraedrich & Ferell 2002, p.4) . The term ethics has been defined in many ways. Taylor defines ethics as "inquiry into the nature and grounds of the mortality where the term mortality is taken to mean moral judgements, standards and rules of conduct" (Taylor 1975, p.1). It is also known as the study of human conduct on the basis of what is right or wrong. In this assignment, terms like business ethics, social responsibility and responsibilities of businesses will be defined and discussed. Mainly a work situation, at my present employment which posed an ethical dilemma, will be described. It will also include the options which were available, preferred option, reasons for and against the preferred option. Finally the solution to the situation will be restated by relating it...

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