Advertisements
Advertisements
Question
What do you mean by the concept of business ethics?
Advertisements
Solution
Business exists to supply goods and services to the people from a social point of view but from an individual point of view, the primary objective of any business unit is to make a profit. The individual objective should not be in conflict with the societal objective. These two objectives normally contradict each other, as one business enterprise may be good in an individual objective and bad at social objective and vice versa.
APPEARS IN
RELATED QUESTIONS
Answer the following question.
State concept of business ethics in details.
Choose the correct option for the following: Ethics is important for
Give one word/phrase/term for the following sentence.
Rules of standard dealing with morality in the business environment.
Give one word or phrase or a term which can substitute the following.
An activity motivated by profit.
The word 'Ethics' is derived from the Greek word ______.
Explain the following term/concept.
Business ethics
Justify the following statement.
Business ethics can be considered as a tool for social development.
Choose the Correct Answer.
The ethical conduct of employees leading to standard practices results in ______
What is ethics?
Define business ethics.
