Multiple choice

Which of the following refers to the moral principals or rules of behaviour, which should govern moral conduct of businessmen?

  1. Social responsibility

  2. Legal responsibility

  3. Business ethics

  4. Social standards for business

  5. Labour movement
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

This is the correct answer. The business enterprises are products of and are influenced by society. They have to interpret and adjust to the preferences or values of society. The subject matter of ethics is concerned with establishing linkages and thus business ethics concern themselves with the moral principles or rules of behaviour, which should govern moral conduct of businessmen.

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