Which of the following statements best describes business ethics?
A)It involves applying ethical and moral standards to business behavior.
B)It should be applied as a separate set of moral standards from general ethics.
C)It deals exclusively with the ethical behavior of creditors and shareholders.
D)It can by understood from two perspectives-consequentialism and constitutivism.

Question

Quizplus · Accepted Answer

Business ethics involves applying ethical and moral standards to business behavior, recognizing that businesses have a responsibility to act in an ethical and socially responsible manner. It is not a separate set of moral standards from general ethics, and it is not limited to the behavior of creditors and shareholders. While consequentialism and constitutivism are perspectives on ethical decision-making, they are not the only ways to understand business ethics.

Which of the Following Statements Best Describes Business Ethics