The document discusses the ethics of business according to Raymond C. Baumhart, who stated that business ethics is about taking responsibility and not knowingly harming others. It then lists several key aspects of business ethics, including that it is based on moral and social groups, acts as a discipline and code of conduct related to human aspects, is a relative term that provides protection to social groups and a basic framework when combined with education and guidelines. The core principles of business ethics discussed are self-discipline, honesty, social values, a helpful attitude, equality, and guiding forces.

5. According to Raymond C. Baumhart “the ethics
of business is the ethics of responsbility. The
business man must promise that he will not
harm knowingly.
”

7.  ANCINET CONCEPT
 BASED ON MORAL & SOCIAL GROUPS
 A DISCIPLINE
 CODE OF CONDUCT
 RELATED TO HUMAN ASPECT
 RELATIVE TERM
 GIVES PROTECTION TO SOCIAL GROUPS
 PROVIDES BASIC FARMEWORK
 REQUIRES EDUCATION & GUIDELINES

8.  SELF IMPULSIVE DISCIPLINE
 HONESTY
 SOCIAL VALUES
 HELPFUL ATTITUDE
 EQUALITY
 GUIDING FORCES