The application of ethical principles to business situations can be referred to as:
A)Business ethics
B)Social responsibility
C)Ethical Sourcing
D)Strategic Sourcing

Question

Quizplus · Accepted Answer

Business ethics involves the application of moral principles and ethical standards to business practices and decision-making processes. Social responsibility refers to the obligation of businesses to act in the best interests of society, whereas ethical sourcing refers to the procurement of goods and services that are produced in a responsible and ethical manner. Strategic sourcing refers to the process of identifying the most cost-effective sources for goods and services.

The Application of Ethical Principles to Business Situations Can Be