The author investigates "Ethics";easy to use but difficult to grasp.Reveals the minds of students who will be the future managers and its implications. Ethical issues at the workplace have once again become topical and important due to considerable adverse publicity surrounding reports of unethical business practices by corporate managers. Business schools have come under a lot of criticism recently for not adequately teaching their students how to apply ethical principles in the workplace. This study investigates the impact of individual ethical values and perceptions of ethical conduct on counterproductive behavior of business students. Statistical tools are used to identify and rectify and prove the assumptions about ethics. The author thanks his parents Mr. S.C. Pandey and Mrs. Hema Pandey for their love and support.