MANAGEMENT

BUISENESS MANAGEMENT

LEGAL ISSUES

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following best describes ethical business behaviour?
A
Obeying the law
B
Paying taxes
C
Doing the right thing
D
Accepting lower profits
Explanation: 

Detailed explanation-1: -Which of the following statements BEST describes ethical behavior? It means that individuals act in a manner that follows their beliefs and social norms about what is right and good.

Detailed explanation-2: -Business ethics is the application of general ethical ideas to business behavior. Ethical business behavior facilitates and promotes good to society, improves profitability, fosters business relations and employee productivity.

Detailed explanation-3: -Being ethical means you will do the right thing regardless of whether there are possible consequences-you treat other people well and behave morally for its own sake, not because you are afraid of the possible consequences. Simply put, people do the right thing because it is the right thing to do.

Detailed explanation-4: -A few examples: Treat your employees well. Pay fair wages, and keep your promises. Act quickly to put an end to any kind of harassment, and show the same high level of respect for all your employees.

There is 1 question to complete.