which of the following statement is true in respect to business ethics

Answers 1

Answer:

The answer to the question -" which of the following statement is true in respect to business ethics" is-

Business ethics is the prescribed code of conduct for businesses. ·

Explanation:

Business ethics is simply  the application of ethics in business.

  1. Ethical business behavior facilitates and promotes good to society,
  2. It improves profitability,
  3. It fosters business relations and employee productivity.
  4. Business ethics is the application of general ethical ideas to business behavior.
  5. It refers to principles and standards that determine acceptable behavior in the world of business.
  6. Business ethics refers to the moral principles and standards and a code of conduct that businessmen are expected to follow while dealing with others.
The Seven business ethics
  1. Politics without Principles
  2.  Wealth without Work
  3. Pleasure without Conscience
  4. Commerce without Morality
  5.  Knowledge without Character
  6. Science without Humanity
  7. Worship without Sacrifice.
Example Business ethics

An example-

When moral rules are applied by a corporation  inorder to determine how to treat its shareholders ,employees,  and customers.

Therefore ,if a system or a business is running afoul of the law, then it may encounter financial losses and moral dilemas ,but, if the business is following business ethics, it ensures its employee that the company obeys rules and does things in a correct order.

To know more about Difference between business ethics and ethical business, click on the link below-

https://brainly.in/question/10213939

To know  more  about Business ethics importance in business organisation, click on the link below-

https://brainly.in/question/7457671

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