The document discusses business ethics, which deals with determining the rules of behavior for business enterprises. It involves applying ethical principles to business relationships and activities, and drawing distinctions between right and wrong. Business ethics demands that companies engage in socially responsible behavior, obey laws, and consider themselves not just profit-making units but also good corporate citizens. Factors shaping business ethics include legal concerns, regulations, industry codes, and social pressures. Teaching business ethics can help create awareness, guide decision-making, and transform views to overcome unethical practices.