Question

identify three of the many shared ethical standards among businesses that are incorporated in codes of ethics

Answer 1

The answer is c. Social responsibility, fair pricing, and truth in advertising.

Answer 2

Answer:

C.Social responsibility, fair pricing and truth in advertising.

Explanation:

Those principles if followed promotes good behaviour, trust and fairness are known as ethical standards. The is no uniform set of standards followed by all companies but each company develops standards that are meaningful for their organisation.

They are also not easily enforceable as they are open to interpretation and vaguely defined.  e.g Treating the customer with kindness and respect while others are more specific such as not sharing the customers private information outside of the company.  Some of the ethical standards that are common are Social responsibility, fair pricing and truth in advertising.