Moral hazard exists when a party to a transaction has an incentive to take unusual business risks because they are unlikely to suffer potential consequences.

When we look back at the beliefs and practices of our ancestors, we are often shocked at what they found morally acceptable: the public torture of criminals, the trading of slaves, and the subjugation ...

A business owner or manager has multiple responsibilities, including legal ones, such as paying taxes, as well as moral responsibilities. Moral responsibilities may be individual, meaning each person ...

A moral hazard happens when a party takes an excessive risk or enters a business relationship in bad faith knowing another party is economically responsible for the outcome. For example, during the ...

Ethical leadership is needed more than ever in today's corporate and political global landscape. The media reports numerous examples daily of inappropriate ethical behaviour by corporations and ...

In our pursuit of efficiency, we often celebrate breakthroughs that allow us to save time, reduce costs and achieve more. Efficiency is a powerful force, shaping the way businesses operate, how ...

Morals are personal beliefs about what is right or wrong. Ethics are community guidelines that define good versus evil. There is overlap between morals and ethics, but they serve different roles.

Conceptual frameworks drawn from theories that have shaped the study of ethics over centuries can help us recognize and describe ethical issues when we encounter them. In this way, a basic grasp of ...

Why is Christian Science in our name? Our name is about honesty. The Monitor is owned by The First Church of Christ, Scientist, and we’ve always been transparent about that. The church publishes the ...