ENTREPRENEURSHIP

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 enhances the law by outlining acceptable behaviors beyond government control. Corporations establish business ethics to promote integrity among their employees and gain trust from key stakeholders, such as investors and consumers.

Detailed explanation-3: -Managers hold positions of authority that make them accountable for the ethical conduct of those who report to them. They fulfill this responsibility by making sure employees are aware of the organization’s ethical code and have the opportunity to ask questions to clarify their understanding.

Detailed explanation-4: -At the most fundamental level, management is a discipline that consists of a set of five general functions: planning, organizing, staffing, leading and controlling. These five functions are part of a body of practices and theories on how to be a successful manager.