Business ethics
Free IMA CMA Part 2 (Strategic Financial Management) lesson in Professional Ethics. 13 min read, ~2,023 words.
Business ethics applies moral principles (honesty, fairness, accountability) to commercial conduct; a transaction can be legal yet unethical. Four operating pillars: fairness (consistent treatment), integrity (act matches word), due diligence (reasonable care before commitment), fiduciary responsibility (beneficiary first). Fiduciary duty splits into duty of care (competence and diligence) and duty...
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What this lesson covers
- Content
- Example 1
- Example 2
- Common Mistakes
- Check Your Understanding
- Exam Shortcuts
Learning objectives
- 2F1
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