Advertisements
Advertisements
Question
Explain the following term/concept.
Business ethics
Advertisements
Solution
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.
RELATED QUESTIONS
Answer in a word / phrase / term.
A set of Principles of right conduct.
Business ethics is a branch of .................... science.
Business is a ________ activity.
Write a word or phrase or a term which can substitute the following.
Corporate ethics which is a form of applied ethics.
Write short note on the following.
Features of business ethics.
Answer the following question.
State concept of business ethics in details.
Feature/Nature/Characteristics of Business Ethics?
Choose the correct option for the following:
Which of the following alone can ensure effective ethics programme in a business enterprise?
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.
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 not a relative term.
What is business ethics?
Justify the following statement.
Business ethics can be considered as a tool for social development.
Choose the Correct Answer.
Which of the following does not ensure effective ethical practices in a business enterprise.
Why is ethics necessary in business?
