Ethics Ethics is not recent phenomenon. Ethical codes have been prepared along with the development of human civilization. In olden days, people might have found some of their actions was wrong and others right. The question what is right and what is wrong gave birth to ethical and unethical codes. The word ethics is derived from the Greek word Ethikos‘ and Latin word Ethicus‘ mean custom or character. The concept of ethics deals with human beings. So it is a social science. Ethics is a branch of philosophy and is considered as normative science because it is concerned with norms of human beings. In the words of Peter.F.Drucker, ―Ethics deals with right actions of individuals. Ethics includes the following 1. Well based standards: Ethics refers to well based standards of right and wrong that prescribe what humans ought to do 2. Study and development of one‘s ethical standards: Ethics refers to the study and development of one‘s ethical standards.