ENTREPRENEURSHIP

Detailed explanation-1: -A business’s ethics determine whether or not an action is acceptable for that business, especially if the action.

Detailed explanation-2: -Ethics can be defined as individual, occupational, organizational, or societal morals and values, while social responsibility is the practical application of ethical concerns for the benefit of society as a whole.

Detailed explanation-3: -Business ethics refers to implementing appropriate business policies and practices with regard to arguably controversial subjects. Some issues that come up in a discussion of ethics include corporate governance, insider trading, bribery, discrimination, social responsibility, and fiduciary responsibilities.

Detailed explanation-4: -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.