What does ethics mean in business?
Answer and explanation
Correct answer: Right and honest behaviour
Business ethics refers to principles of right conduct that guide decisions and behaviour in commercial activities. Honesty, fairness, transparency, respect for stakeholders, and keeping promises help create trust and responsible relationships. False statements, intentional cheating, and giving inaccurate measurements violate ethical standards and may also violate law. Therefore, option A correctly describes business ethics.
Frequently asked questions
What is the correct answer to this question?
Right and honest behaviour
Why is this the correct answer?
Business ethics refers to principles of right conduct that guide decisions and behaviour in commercial activities. Honesty, fairness, transparency, respect for stakeholders, and keeping promises help create trust and responsible relationships. False statements, intentional cheating, and giving inaccurate measurements violate ethical standards and may also violate law. Therefore, option A correctly describes business ethics.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Social Responsibilities of Business and Business Ethics. Topic: Business Ethics.
