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Explain the following term/concept. Business ethics - Organisation of Commerce and Management

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प्रश्न

Explain the following term/concept.

Business ethics

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उत्तर

The word 'Ethics' is derived from the Greek word 'Ethos' which means character. Ethics means the set of rules and principles that the organization should follow, while business ethics refer to a code of conduct that businesses are expected to follow while doing business. Ethics establishes a standard for an organization to govern its behavior, helping it differentiate between the right and wrong approaches to business. It addresses concepts such as right and wrong, good and bad, fair and unfair, just and unjust, legal and illegal, and proper and improper concerning human actions. Ethics is considered a branch of social science.

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Business Ethics
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अध्याय 6: Social Responsibilities of Business - Exercise [पृष्ठ १३०]

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बालभारती Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 6 Social Responsibilities of Business
Exercise | Q 2. 3) | पृष्ठ १३०

संबंधित प्रश्न

State Whether the Following Statement Are True Or False (Give Reason)

Business ethics is not applicable to all business organizations.


Business ethics is a branch of .................... science.


Business is a ________ activity.


Write a word or phrase or a term which can substitute  the following.
A set of principles of right conduct.


Write a word or phrase or a term which can substitute the following.
An element of business ethic in which opinions and feedbacks from clients are considered.


Feature/Nature/Characteristics of Business Ethics?


Choose the correct option for the following: Ethics is important for


'Business is essentially a social institution and not merely a profit making activity'. Explain.


The business should offer adequate opportunities of promotion to their ______.


The term ‘Ethics’ is derived from the ______ word ‘Ethos’ which means character.


Business organisation can maximize profitability by ______ wastage.


The word 'Ethics' is derived from the Greek word ______.


Answer in one sentence.

Who can raise voice against business malpractices?


Correct the underlined word and rewrite the sentence.

Financial help should be provided by business organizations for anti-social activities.


Correct the underlined word and rewrite the sentence.

Business ethics is a compulsory term.


Choose the Correct Answer.

Which of the following helps in maximizing the sale of goods to society?


Choose the Correct Answer.

The ethical conduct of employees leading to standard practices results in ______


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