Ethics, decision-making, and moral judgment are interwoven issues of paramount importance in both
philosophy and management. Understanding ethics in business has been conceptualized many different ways throughout history depending on the standpoint. The roots of business ethics extend to the roots of business itself when commercial transactions and the exchange of goods/materials (trade) started. Identical to various views on the nature of business ethics, several different strands are found concerning the historical foundation of business ethics. Although this concept had not been described as business ethics prior to the 1970s, justifying business practices has been an important endeavor since much earlier. This paper aims to survey the Aristotelian foundations of business ethics and because one important strand in the history of business ethics claims that moral beliefs play a vital role in managerial decisions and eventually business practices, I will try to question the possibility of moral judgment in organizations.