Business Ethics is the area of applied ethics that focuses on real-world situations and the context and environment in which transactions occur.
Ethical relativism assumes that people set their own moral standards by which to judge their actions. Only personal self-interest and values are relevant in judging an individual's actions.
Examples: Moral issues related to... Abortion Euthanasia for bad premarital sex Death penalty Gay/Lesbian marriage (or other rights) Tactics of war censorship So-called "white lies", etc.
Normative Investigating Ethics is a moral right/false system that seeks to provide a system of principles and procedures for deciding what a person should and should not do morally. Normative ethics defines a general moral system, whereas applied ethics focuses on the behavior of that system.
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