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business ethics are the principles values and standards that guide behavior in the world of business most people would probably agree that both individuals and business organizations must conform to solid morals to obtain high ethical standards however businesses face more complicated ethical issues than individual members of society businesses must make a profit to survive and they have a fiduciary responsibility to their shareholders to maximize profits to increase the value of the company the more profit a business earns the longer the life of the business will be however if a business earns profits in a manner that is considered to be unethical the life of the business can be shortened such as the case with enron and lehman brothers businesses must balance their goals of maximizing profits with the needs and demands of society many businesses have failed due to financial and legal repercussions resulting from their poor business ethics it is essential for businesses to maintain a