What does ethics mean in entrepreneurship?
Answer and explanation
Correct answer: Doing business with honesty and fair behavior
Business ethics refers to principles of honesty, fairness, responsibility, and respect that guide decisions and dealings with customers, employees, suppliers, society, and competitors. Ethical conduct includes truthful claims, fair treatment, responsible quality, and compliance with law. Misleading customers, hiding important defects, or breaking laws may harm stakeholders and trust. Therefore, option A is correct.
Frequently asked questions
What is the correct answer to this question?
Doing business with honesty and fair behavior
Why is this the correct answer?
Business ethics refers to principles of honesty, fairness, responsibility, and respect that guide decisions and dealings with customers, employees, suppliers, society, and competitors. Ethical conduct includes truthful claims, fair treatment, responsible quality, and compliance with law. Misleading customers, hiding important defects, or breaking laws may harm stakeholders and trust. Therefore, option A is correct.
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.
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