Social Responsibilities of Business and Business Ethics · Class 11 · CBSE · Commerce Business Studies
Which of the following best defines 'Business Ethics'?
Practice question from Social Responsibilities of Business and Business Ethics (Class 11 · CBSE · Commerce Business Studies), with the correct answer and a step-by-step solution.
easy · MCQ · Q-1EDB99
Which of the following best defines 'Business Ethics'?
- A.Strict adherence to government laws and tax regulations
- B.The set of moral standards and values that govern business behavior and decision-makingCorrect answer
- C.The legal obligation to pay minimum wages to factory workers
- D.A public relations strategy to improve a company's market share
Solution
Business ethics relates to what is right or wrong in business conduct, guided by moral standards and societal values rather than just the letter of the law.
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