Business Ethics mainly concentrates on moral standards that systems a business,business organizations, and individuals within the business organizations and individuals who deal with business organizations have to evaluate and follow in their day to day dealings and decisions
Business Ethics is studied at three levels: Systemic ,Corporate and Individual
Individual Ethics is more concerned with Moral reasoning, wherein actions are judged with reference to moral standards. It involves knowledge of moral standard and knowing whether situation needs the application of moral standards or not.
Consistency in the moral standards is essential.
Ethicist suggests five characteristics to identify moral standards.
Moral standards are impartial. Moral standards are associated with special emotions.
The global cost of living comparison conducted by shows London is the most expensive global location for expatriates, while 3 of the top 5 most expensive cities are in Asia, with Tokyo, Seoul, and Hong Kong ranked 2nd, 3rd, and 5th respectively in terms of overall cost of living. Overall Cost of Living Comparison – Top 10The 10 most expensive global cities for expatriates to live, based on overall cost of living (Index is in brackets) as at March 2008 are:1. Hamilton, Bermuda (109.63)10.Luanda, Angola (108.51)This means that overall goods or services that cost USD$100 in New York, cost the equivalent of USD$126.63 in London, and USD$108.51 in Luanda. Overall Cost of Living Comparison – Bottom 10The bottom 10 (least expensive) cities for expatriates to live, based on overall cost of living (Index is in brackets) as at March 2008 are:1. As an example London is ranked as the most expensive global location in terms of overall cost of living, but is only ranked 26th most expensive location for groceries.
