Which is the best example of an ethical business practice?
Answer and explanation
Correct answer: Selling a product after giving the customer accurate information
Business ethics refers to standards of honesty, fairness, and responsibility that guide business conduct. Giving customers accurate information allows them to make an informed choice and prevents deception. Misrepresenting a counterfeit product, making false promises, or hiding defects violates honesty and may harm customers and the business’s reputation. Therefore, option A is the ethical practice because it supports transparency and lasting trust.
Frequently asked questions
What is the correct answer to this question?
Selling a product after giving the customer accurate information
Why is this the correct answer?
Business ethics refers to standards of honesty, fairness, and responsibility that guide business conduct. Giving customers accurate information allows them to make an informed choice and prevents deception. Misrepresenting a counterfeit product, making false promises, or hiding defects violates honesty and may harm customers and the business’s reputation. Therefore, option A is the ethical practice because it supports transparency and lasting trust.
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.
