business ethics concerns developing a consensus among companies worldwide as to
ID: 466747 • Letter: B
Question
business ethics concerns
developing a consensus among companies worldwide as to what ethical principles that businesses should be expected to observe in the course of conducting their operations.
what ethical behaviors should be expected of company personnel in the course of doing their jobs.
the application of ethical principles and standards to business activities, behavior, and decisions.
developing a special set of ethical standards for businesses to observe in conducting their affairs.
picking and choosing among the consensus ethical standards of society to arrive at a set of ethical standards that apply directly to operating a business.
A.developing a consensus among companies worldwide as to what ethical principles that businesses should be expected to observe in the course of conducting their operations.
b.what ethical behaviors should be expected of company personnel in the course of doing their jobs.
c.the application of ethical principles and standards to business activities, behavior, and decisions.
d.developing a special set of ethical standards for businesses to observe in conducting their affairs.
e.picking and choosing among the consensus ethical standards of society to arrive at a set of ethical standards that apply directly to operating a business.
Explanation / Answer
Business ethics is concerned with the analysis of ethical principles in the context of different ethical and moral problems that may arise in the course of business. The values that are part of the business ethics govern the actions of the employees of an organization.
Business ethics, in simple words, are moral principles that serve as a guide as to how a business should operate and behave. It helps a business distinguish between right and wrong. Issues like bribery, insider trading, use of child labor etc. are a part of business ethics.
Thus the answer is option "c" - the application of ethical principles and standards to business activities, behavior, and decisions.
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