BUSINESS ADMINISTRATION
BUSINESS COMMUNICATION
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Ethics
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Morals
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Values
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Priorities
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Detailed explanation-1: -The principles of right and wrong that guide an individual in making personal decisions is called business ethics.
Detailed explanation-2: -Ethics are the standard of what is right and wrong, and they are based on our values. Being ethical requires making a moral judgment, and that’s not always easy.
Detailed explanation-3: -The system of moral and ethical beliefs that guides the values, behaviors, and decisions of a business organization and the individuals within that organization is known as business ethics.
Detailed explanation-4: -A personal balance sheet calculates your net worth by comparing your financial assets (what you own) with your financial liabilities (what you owe). The difference between the two is your personal net worth.
Detailed explanation-5: -Assets are cash, properties, or things of values owned by the business. Liabilities are amounts the business owes to creditors.