Business Ethics Concepts

Ethics is a branch of social science that refers to a code of conduct businesses are expected to follow.

Business ethics deals with concepts of right and wrong, good and bad, fair and unfair, just and unjust in business decisions.

<p>Business ethics is the study of business situations, activity, and the influence of maintaining harmonious relationships with society.</p> Signup and view all the answers

<p>Business ethics is a code of conduct that guides what to do and what not to do for the welfare of society.</p> Signup and view all the answers

<p>Business ethics is based on moral and social values, including self-control, consumer protection, service to society, and fair treatment to social groups.</p> Signup and view all the answers

<p>Ethics helps organizations make decisions where issues of right and wrong are addressed.</p> Signup and view all the answers

<p>To provide protection to different social groups and to establish a basic framework for business conduct.</p> Signup and view all the answers

<p>Voluntary.</p> Signup and view all the answers

<p>To ensure proper motivation and implementation of business ethics.</p> Signup and view all the answers

<p>Because they vary between businesses and countries.</p> Signup and view all the answers

<p>Developed countries.</p> Signup and view all the answers

<p>Our decisions are a reflection of our values and beliefs, always directed towards a specific purpose.</p> Signup and view all the answers