A difference between business ethics and social responsibility is that business ethicsMultiple Choicerelates to an individual’s values and standards of conduct, whereas social responsibility concerns the values and standards of conduct of an organization as a whole.relates to an individual’s or a work group’s decisions that society evaluates, whereas social responsibility concerns the impact of an entire business’s activities on society.is determined solely by internal stakeholders, whereas a social responsibility decision is made by external stakeholders.is optional for business organizations, whereas social responsibility is required.

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.

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.

Which of the following statements is true regarding business ethics and social responsibility?Multiple ChoiceAll unethical actions are also illegal.The concerns of what is legal and ethical do not change over time.The terms social responsibility and ethics should be used interchangeably.Companies can be both profitable and socially responsible.Profitable businesses do not consider their social responsibility.

Which of the following does the term corporate social responsibility relate to?Select one:a.Environmental practiceb.Ethical conductc.Human rights and employee relationsd.All of these

Which of the following involves the activities and organizational processes adopted by businesses to meet their social responsibilities?Multiple Choicecodes of ethicscorporate citizenshipeconomic responsibilitysocial dominance