Business Studies

Business ethics has a __________ application.


ANSWER

universal


SOLUTION
Ethical principles are universal in nature. They prescribe obligations and virtues for everybody in a society. They are important not only in business and politics but in every human endeavor. 
Ethics relates to the standards of conduct and moral judgement that differentiate right from wrong. Ethics is not a natural science but a creation of the human mind. For this reason, it is not absolute and is open to the influence of time, place and situation. 
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