Ethical behavior is acting in ways that are consistent with how the business world views moral principles and values. The four major factors that can cause ethical problems in the workplace are lack of integrity, organizational relationship problems, conflicts of interest, and misleading advertising.

What are ethical lapses?

An ethical lapse is a mistake or error in judgement that produces a harmful outcome (Roslyn Frenz, n.d., para. 1). Even a small mistake can have huge consequences. ... Otherwise there are grave consequences for such ethical lapses and could result in widespread harm to the company and to the society at large.

What is ethical dilemmas and ethical lapses?

An ethical lapse is a failure to behave in an ethical way in some specific situation, while an ethical dilemma is a situation in which no good ethical choice or decision is possible.