GENERAL KNOWLEDGE

Detailed explanation-1: -Business ethics is a part of philosophy that deals with the right business procedures and policies. It could involve the philosophy of corporate governance, bribery, discrimination, and corporate social responsibility.

Detailed explanation-2: -Business ethics is a dynamic philosophy of—-economic adjustment whose field is widening day-by-day.

Detailed explanation-3: -Business ethics reflects the philosophy of business, of which one aim is to determine the fundamental purposes of a company. Business purpose expresses the company’s reason for existing. Modern discussion on the purpose of business has been freshened by views from thinkers such as Richard R.

Detailed explanation-4: -This approach states that any action or policy is morally right, only if those persons affected by the decision are not used merely as instruments for advancing some goal, but are fully informed and treated only as they have freely and knowingly consented to be treated.

Detailed explanation-5: -Business ethics means the behavior of a businessman while conducting a business, by observing morality in his business activities.