Multiple choice

Which of the following statements is/are true? a. Business ethics refer to the socially determined moral principles, which should govern business activities. b. Corporate Governance originated in U.S.A, where Government passed Anti-Trust Act against monopolistic practices. c. Social responsibility of business refers to its obligation, to take those decisions and perform those actions, which are desirable in terms of the objectives and values of our society.

  1. Only a

  2. Only b

  3. Only c

  4. Only a and b

  5. Only a and c
Reveal answer Fill a bubble to check yourself
E Correct answer
Explanation

Business ethics refer to the socially determined moral principles, which should govern business activities. Social responsibility of business refers to its obligation, to take those decisions and perform those actions, which are desirable in terms of the objectives and values of our society. Both statements are correct. 

Keep practicing — related questions