Which of the following holds true in the case of business ethics?

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Business ethics is the application of moral standards to business situations, which means principles of right and wrong that apply to businesses, policies, practices, and behavior. Business ethics can vary from one person to another based on their beliefs, values, and culture. It is not only laws and regulations that govern business, but also ethical considerations that shape business decisions and actions. While advertising agencies must adhere to ethical principles, business ethics applies to all businesses and industries. Well-defined rules for appropriate business behavior may exist in the form of codes of conduct, but they are not sufficient to cover all ethical dilemmas and situations that businesses face.

Which of the Following Holds True in the Case of Business