Business ethics make some questions
Answers
Question 1. Define Business Ethics?
Answer : Business ethics is the study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility and fiduciary responsibilities.
Question 2. What Is The Definition Of Business Practices?
Answer :A method, procedure, process, or rule employed or followed by a company in the pursuit of its objectives. Business practice may also refer to these collectively.
Question 3. What Is Ethical Behaviour In A Business Environment?
Answer :Acting in ways consistent with what society and individuals typically think are good values. Ethical behavior tends to be good for business and involves demonstrating respect for key moral principles that include honesty, fairness, equality, dignity, diversity and individual rights.
Question 4. What Is The Journal Of Business Ethics?
Answer :The Journal of Business Ethics is a peer-reviewed academic journal published by Springer Science+Business Media covering methodological and disciplinary aspects of ethical issues related to business, including systems of production, consumption, marketing, advertising, social and economic accounting, labor relations, etc.,
Question 5. What Are The Ethics Of Business?
Answer :Business ethics (also corporate ethics) is a form of applied ethics or professional ethics that examines ethical principles and moral or ethical problems that arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
Question 6. What Are The Advantages Of Business Ethics?
Answer :Business ethics offer companies a competitive advantage. Consumers learn to trust ethical brands and remain loyal to them, even during difficult periods.
Society benefits from business ethics because ethical companies recognize their social responsibilities.
Question 7. What Are The Disadvantages Of Business Ethics?
Answer :Business ethics reduce a company's freedom to maximize its profit. For example, a multinational company may move its manufacturing facility to a developing country to reduce costs. Practices acceptable in that country, such as child labor, poor health and safety, poverty-level wages and coerced employment, will not be tolerated by an ethical company. Improvements in working conditions, such as a living wage and minimum health and safety standard,s reduce the level of cost-savings that the company generates. However, it could be argued that the restrictions on company freedom benefit wider society.
Question 8. What Is The Need Of Business Ethics?
Answer :Ethics concern an individual's moral judgements about right and wrong. Decisions taken within an organisation may be made by individuals or groups, but whoever makes them will be influenced by the culture of the company.
Question 9. What Is The Importance Of Business Ethics?
Answer :
The importance of ethics in business. Ethics concern an individual's moral judgements about right and wrong. Decisions taken within an organisation may be made by individuals or groups, but whoever makes them will be influenced by the culture of the company.
Question 10. What Are The Principles Of Business Ethics?
Answer :
honesty.
integrity.
promise-keeping.
fairness.
loyalty.
caring.
law abiding.
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