One of the useful models for ethical decision making is the Tucker's 5 questions model. In this model, you ask 5 questions to determine whether a decision is ethical. The 5 questions are:
1. Is it profitable?
2. Is it legal?
3. Is it sustainable/environmentally sound?
4. Is it right?
5. Is it fair?
You will find that answering the first 3 will be straightforward. However right and fairness require judgement. One way to put is "is it right to shareholders" (for profit making companies) and "is it fair to stakeholders" although there are many ways to express ideas.
In exam, don't just say 'yes or no'. You should also justify your 'yes or no' to get maybe 2 marks per question. If majority is 'yes', then the decision may be ethical. :)
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I feel like this post should be more explicit
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