Which of the following is true of business ethics? Multiple Choice It examines ethical situations related to services that may d
amage the environment. It examines ethical situations related to products that may damage the environment. It examines ethical situations related to consumer issues. It examines ethical situations related to global issues. It examines ethical rules and principles within a commercial context.
Answer: It examines ethical rules and principles within a commercial context
Explanation:
Business ethics is concerned with distinguishing between right and wrong actions and decisions that arise in a business setting.
Customers, management, and employees all appreciate honest and ethical practices. Business ethics are vital because they help maintain a great reputation, help avoid significant financial and legal issues, and ultimately benefit everyone involved.
It examines ethical rules and principles within a commercial context.
Explanation:
Business ethics is also known as corporate ethics, and it is concerned with ethical principles and ethical problems within the business environment.
Business ethics guides the conduct of individuals and organisations within the corporate space. It includes the norms and values that guides a business in its operations.
It has been discovered that maintaining a good ethical behaviour is one of the main challenges faced by businesses today. When a business has the right ethical practice it can better focus on meeting it's objectives.
Also known as the profit and loss account, the income statement is a financial record that shows the amount of money that a business establishment receives and spends during a certain period (week, month or year). The profit or loss is determined by subtracting the expenses from the income during a period.
