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State with Reason Whether the Following Statement is True Or False. Business Ethics Can Be Considered as a Tool for Social Development. - Organisation of Commerce and Management

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Question

State with reason whether the following statement is true or false.

Business ethics can be considered as a tool for social development.

Options

  • True

  • False

MCQ
True or False
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Solution

Business ethics can be considered as a tool for social development. True
Explanation:
Business ethics are the principles which, if business units follow, not only lead to the development of business units but also to the growth of the whole economy. Thus, contributing to social development.

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Chapter 4: Social Responsibility of Business - True or False [Page 123]

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Micheal Vaz Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
Chapter 4 Social Responsibility of Business
True or False | Q 15 | Page 123
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