BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -Business ethics refers to principles and standards that define acceptable conduct in business organizations. Ethics and social responsibility mean the same thing. Nearly all business decisions may be judged as right or wrong, ethical or unethical. Business ethics are the same as legal issues.

Detailed explanation-2: -The correct answer is true. Ethical principles in business are similar to ethical principles in general. They are not different because the definition of ethics cannot get differentiated through words. Ethics apply to everyone and define how business should be conducted.

Detailed explanation-3: -Ethical decision-making is based on core character values like trustworthiness, respect, responsibility, fairness, caring, and good citizenship. Ethical decisions generate ethical behaviors and provide a foundation for good business practices.

Detailed explanation-4: -Ethical principles in business are the moral standards set by a company as a whole and individual employees within an organization. These principles take into account values, standards, regulations and common industry rules that dictate how people behave in the workplace and how a business operates in the community.

Detailed explanation-5: -Business Ethics is a code of conduct which society should follow while conducting their social activities.