The moral beliefs held by an individual is known as Values. Moral values are usually communal and shared by the public in general, thus if there is no agreement among community members no moral values will be established.
Ethics is derived from the Greek word ethos. The term ethics is derived from the Greek word ethikos which itself is derived from the Greek word ethos, meaning custom or character. In philosophy, ethical behavior is that which is “good.” The field of ethics or moral philosophy involves developing, defending, and recommending concepts of right and wrong behavior.
The interests and rights of customers are given top priority.
The interests and rights of customers are given top priority in The Vendor Model. A number of vendors produce and sell products that are designed to support credit-risk measurement and management functions within financial institutions. Such products may comprise risk measurement models, data, or systems developed by external commercial entities.
The oldest form of business organization is _________.