Explain the rule of viability when making ethical decisions.

What are the ethical considerations that managers should be aware of in their decision-making processes, and how can they promote ethical behavior within their organizations?

Discuss the 2 approaches of Business ethics.

Business ethics is a vital aspect of corporate governance, encompassing principles and values that guide organizations in making morally sound decisions. It involves considering the impact of business activities on various stakeholders, including customers, employees, shareholders, and the broader community. Ethical business practices go beyond mere compliance with laws and regulations; they reflect a commitment to honesty, integrity, transparency, and fairness. Companies with strong ethical foundations often enjoy long-term success, as they build trust and credibility among stakeholders. Additionally, ethical behavior fosters a positive corporate culture and contributes to sustainable business practices. In today's dynamic and interconnected global business environment, the importance of business ethics cannot be overstated.   Question: How can businesses effectively integrate ethical considerations into their decision-making processes, ensuring that ethical values are not just stated…