Ethics is a moral principle that can be used to guide people's decisions. We are all different and therefore our beliefs and opinions differ. There are many ethical theories and, according to Panza and Potthast (n.d.), here are some that are widely used. Virtue ethics is a theory that personality is the most important thing. Living an ethical life and acting rightly requires developing and demonstrating the qualities of courage, compassion, wisdom, and temperance. It also requires avoiding greed, jealousy and selfishness. Utilitarianism states that the amount of happiness and suffering created by a person's actions is what matters most. Therefore, doing the right thing involves maximizing the amount of happiness and minimizing the amount of suffering around you. Sometimes you may have to break some traditional moral rules to achieve such a result. Kantianism is another theory that highlights the principles behind actions rather than the results of actions. He states that one must be motivated by good principles that treat everyone with respect. If you are motivated by good principles, you overcome your animal instinct and act ethically. Another ethical theory is contract theory, which suggests that ethics should be viewed as terms of agreements between people. This suggests that doing the right thing means obeying the agreements set by members rather than those of society. For this theory, ethics is not necessarily about character, consequences, or principles. The last theory I will mention is the Ethics of Care. The ethics of care focuses on ethical attention to relationships above other factors. Accordingly, doing the right thing involves building, strengthening and maintaining strong relationships...... middle of paper ......lic's trust.Works CitedBarlow, D. (2012) “Vast Mexico Bribery Case Hushed Up by Wal -Mart after a high profile fight. Retrieved from http://www.nytimes.com/2012/04/22/business/at-wal-mart-in-mexico-a-bribe-inquiry-silenced.html?pagewanted=all on 05/04/2014Miller, F. (nd) “Ethical Discrimination in the Workplace” retrieved from http://smallbusiness.chron.com/ethical-discrimination-workplace-14708.html on 04/05/2014Panza, C. & Potthast, A. ( nd) “An overview of the main ethical theories”. Retrieved from http://www.dummies.com/how-to/content/a-snapshot-of-key-ethical-theories.navId-323314.html?print=true on 04/21/2014Valenti, C. (n.d. ) “Employees sue Wal-Mart for overtime. » Retrieved from http://abcnews.go.com/Business/story?id=87844 on 05/04/2014Walmart (2014) “Our Business.” Retrieved from http://corporate.walmart.com/our-story/our-business/ at 05/04/2014