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[Music] lets take a look at ethics in business ethical failures can cause docHub upheaval in organizations lets take a look unethical behavior is costly to society it has long-term negative consequences for organizations including hurt reputation legal fees and fines sales declines increasing cost of capital market share deterioration and network partner loss can also be the result of unethical corporate behavior some organizations have even gone out of business and thousands of people has lost their jobs the loss of public trust threatens the integrity of an organization so for our purposes ethics is the application of a set of values and principles in order to make the right or good choice it is not a long leap to note that ethics also must include personal integrity and Trust in the character and behavior of others integrity means being honest lying cheating and stealing are unethical lying has long been identified as a critical unethical behavior if youre not honest the tru