…………are the principles, which govern and guide business people to perform business functionsQuestionBusiness ethicsCode of conductAll of theseNone
Question
…………are the principles, which govern and guide business people to perform business functionsQuestionBusiness ethicsCode of conductAll of theseNone
Solution
The correct answer is "All of these". Business ethics, code of conduct, and other principles all guide business people in performing their business functions. They provide a framework for understanding what is acceptable behavior and decision-making in a business context.
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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.
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