0
You visited us 0 times! Enjoying our articles? Unlock Full Access!
Question

Which of the following statements about business ethics is true?
  1. It concerns the impact of a business activities on society
  2. It relates to an individual's values and moral standards and the resulting business decisions he or she makes
  3. It refers to principles and standards that determine acceptable behaviour in the world of business
  4. What is ethical is determined by the public, government regulators, interest groups, competitors and individual's personal moral values

A
It refers to principles and standards that determine acceptable behaviour in the world of business
B
What is ethical is determined by the public, government regulators, interest groups, competitors and individual's personal moral values
C
It concerns the impact of a business activities on society
D
It relates to an individual's values and moral standards and the resulting business decisions he or she makes
Solution
Verified by Toppr

Business ethics is nothing but the application of ethics in business. Business ethics is the application of general ethical ideas to business behavior. Ethical business behavior facilitates and promotes good to society, improves profitability, fosters business relations and employee productivity. The concept of business ethics has come to mean various things to various people, but generally it‘s coming to know what it right or wrong in the workplace and doing what‘s right - this is in regard to effects of products/ services and in relationships with stakeholders.

Was this answer helpful?
1
Similar Questions
Q1
Internal environment of a business includes:
(i) Business ethics and moral standards
(ii) Business and managerial policies
(iii) Prospects of business development
(iv) Government rules and regulations
(v) Industrial relations.
View Solution
Q2
Which of the following is feature of business ethics ?
(1) Business ethics has a universal application.
(2) It is a relative norm. It differs from business to business.
(3) Business ethics is based on well accepted moral and social values.
Selectthecorrectanswerfromtheoptionsgivenbelow
View Solution
Q3
Which of the following is a feature of business ethics?
(1) Business ethics has a universal application.
(2) It is a relative norm. It differs from business to business
(3) Business ethics is based on well accepted moral and social values.
Select the correct answer from the options given below-
View Solution
Q4
According whom, business ethics refers to right or wrong behaviour in business decisions?
View Solution
Q5
According to whom, business ethics refers to right or wrong behaviour in business decisions ?
View Solution