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.

Business ethics is a type of---------- which includes the guidance of Norms and behavior of an individualQuestionBeautyCode of conductSincerityAll of these

…………are the principles, which govern and guide business people to perform business functionsQuestionBusiness ethicsCode of conductAll of theseNone

Ethics refers to:Question 2Answera.Organisational principles that are communicated to key stakeholders particularly around behavioural normsb.Practices to guide professional training, behaviour, and communicationc.Principles of right and wrong that guide decision making when we are faced with conflicting responsibilityd.Generally accepted behaviours that are encouraged when employees join an organisation

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.