Which of the following statements are correct when speaking about business ethics? A. Open and free competition without deception and fraud. B. Managers have fiduciary duties towards owners and shareholders *
1 point
BOTH
ONLY A
ONLY B
NONE
Answers
Answer: Considered only as a normative enterprise, business ethics—like many areas ... Discussions of corporate moral agency and moral responsibility have largely ... On this argument, shareholders own the firm, and hire managers to run it for ... In a competitive market, people may be tempted to deceive, cheat, ..
Explanation:
(1) BOTH.
In business ethics we learn about various situations under which issues like what's right and what's wrong in the business world are discussed. these ethics serve as a guide leading towards for a better path in the business world.
Option (A) is a part of business ethics under which we learn that no particular firm should manipulate the market and must give a chance to survive to all the firms in a open and free market without deceiving the customers.
Option (B) is a part of business ethics as managers and directors must take decisions which serve in the favor of shareholders. they have a duty to serve the interests of the owners.