This document discusses business ethics and ethical decision making. It defines business ethics as principles and standards that guide behavior in business. Ethical issues in business require choosing between actions that must be evaluated as right or wrong. The ethical decision making process is influenced by individual factors, organizational relationships, and opportunity, with organizational relationships being the strongest influence on employee behavior. Ethical behavior is characterized by honesty, fairness, equity, and respecting dignity and diversity in relationships. The document also discusses the concepts of loyalty in ethics, including agency loyalty as fulfilling contractual duties and identification loyalty concerning personal attitudes and identity.