Broadly speaking, the application of ethical principles to business situations is referred to as:
A) Everyday low pricing
B) Corporate social responsibility
C) Business ethics
D) Total quality management

Question

Quizplus · Accepted Answer

Business ethics refers to the application of ethical principles and values to business situations. It involves making decisions that are fair, honest, and responsible, and that take into account the interests of all stakeholders involved. Everyday low pricing, corporate social responsibility, and total quality management are all important concepts in business, but they do not encompass the full scope of business ethics.

Broadly Speaking, the Application of Ethical Principles to Business Situations