ENTREPRENEURIAL OPERATIONS
CHAPTER 7 ENTREPRENEURIAL LEADERSHIP AND MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Business ethics are standards of conduct are maintained by everyone which is part of the business and with anyone affected by the business.
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Ethical business practices ensure that appropriate standards of conduct are maintained by everyone who is a part of the business and with anyone affected by the business.
Detailed explanation-2: -Business ethics is an evolving topic. Generally, there are about 12 ethical principles: honesty, fairness, leadership, integrity, compassion, respect, responsibility, loyalty, law-abiding, transparency, and environmental concerns.
Detailed explanation-3: -Ethical standards are based on the human principles of right and wrong. The differences between them are these: Legal standards are based on written law, while ethical standards are based on human rights and wrongs. Something can be legal but not ethical.
There is 1 question to complete.