Fill in the blank: Business ______ is often defined as the manners, customs, or behaviours that are expected of individuals within a work environment.

Business is an economic activity.2. It includes the activities of production or purchase and distribution.3. It deals in goods and services.4. It implies regularity of transactions.5. It aims at earning profits through the satisfaction of customer wants,6. It involves risk, it is not certain that adequate profit will be earned.7. It creates utilities.8. It serves a social purpose by improving people’s standard of living.

Based on moral and social values: Business ethics is the code of conduct that businesspeople should follow when executing their routine business activities. Business ethics establishes the framework within which business is to be conducted. Business ethics is founded on widely accepted moral and ethical principles. Law and force cannot be used to enforce business ethics.

Business ethics is defined asMultiple Choicelegal and acceptable actions taken by the company’s management.principles and standards that determine acceptable conduct in business.personal ethics within the context of a business transaction.a business’s obligation to maximize its positive impact and minimize its negative impact on society.

he term business refers to an organisation engaged in the what type of activities?Group of answer choicesIndustrialProfessionalCommercialCommercial, industrial, professional

Definition of Business Environment