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IGNOU's MMPC 020 course involves understanding the ethical principles, values, and practices that guide responsible business conduct and contribute to sustainable development. Here's an in-depth guide to help you effectively study for this course:Introduction to Business Ethics and CSR:Define business ethics and CSR and their importance in fostering trust, reputation, and stakeholder value.Understand the ethical dilemmas and societal expectations faced by organizations in today's globalized business environment.Ethical Theories and Frameworks:Explore major ethical theories such as utilitarianism, deontology, virtue ethics, and stakeholder theory.Apply ethical decision-making frameworks, including the ethical decision-making process and ethical reasoning models.Corporate Governance and Ethical Leadership:Study corporate governance principles and practices aimed at promoting transparency, accountability, and ethical behavior.Explore the role of ethical leadership in setting the tone at the top and fostering a culture of integrity within organizations.Legal and Regulatory Compliance:Understand the legal and regulatory requirements governing business conduct, including anti-corruption laws, competition laws, and consumer protection regulations.Study compliance frameworks and mechanisms for ensuring adherence to legal and ethical standards.Ethics in Marketing and Advertising:Examine ethical issues in marketing and advertising, including truthfulness, transparency, and responsible messaging.Study ethical marketing practices, advertising standards, and the impact of digital marketing on consumer behavior.Ethics in Finance and Accounting:Explore ethical dilemmas in finance and accounting, such as financial reporting fraud, insider trading, and conflicts of interest.Study ethical principles for financial decision-making, including integrity, objectivity, and confidentiality.