Business Studies

Business Ethics is?


ANSWER

All of the above


SOLUTION
Business ethics is one of the important branches of applied ethics. Business ethics is the application of general ethical ideas to business. Business ethics refers to the moral principles and standards and a code of conduct that businessmen are expected to follow while dealing with others. Business essentially is a means of society to use scarce resources to produce in an efficient manner those goods and services which society wants and is willing to pay for. Businesses must balance their desire to maximize profits against the needs of stakeholders. 
View Answers

You're just one step away

Create your Digital Resume For FREE on your name's sub domain "yourname.wcard.io". Register Here!


Single Correct Medium Published on 18th 08, 2020
Next Question
Questions 244531
Subjects 8
Chapters 125
Enrolled Students 199
Enroll Now For FREE

Realted Questions

Q1 Single Correct Medium
Which of the following is an unethical business practice?
  • A. Collusion
  • B. False Communication
  • C. Insider Trading
  • D. All the above

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q2 Single Correct Medium
Codes of conduct and codes of ethics ___________.
  • A. are formal statements that describe what an organization expects of its employees
  • B. become necessary only after a company has been in legal trouble
  • C. are designed for top executives and managers and not for regular employees
  • D. rarely become an effective component of the ethics and compliance program

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q3 Single Correct Medium
What are the corporate codes of ethics?
  • A. Are always externally audited
  • B. Create guidelines for employees to work
  • C. Are always compliance based
  • D. Are always integrity based.

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q4 Single Correct Medium
Government has placed certain awards like Indira Gandhi Paryavaran Puraskar; the Indira Gandhi Priyadarshini Award for those individuals who carry on _________ India.
  • A. profitable business
  • B. ethical business
  • C. good corporate governance
  • D. all of above

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer
Q5 Subjective Medium
Attempt the following question:
State the social responsibilities of business organization towards government.

Asked in: Business Studies - Social Responsibilities of Business and Business Ethics


1 Verified Answer | Published on 18th 08, 2020

View Answer