_______ is the application of ethical standards to business behavior.

Question

Quizplus · Accepted Answer

Business ethics refers to the application of ethical standards to business behaviors. This includes ensuring that business practices are conducted in a way that is fair, just, and responsible to all stakeholders, including employees, customers, shareholders, and the wider community. Corporate social responsibility and philanthropy are related concepts, but they refer more specifically to the ways in which businesses can contribute to society through charitable donations, community initiatives, and environmental sustainability measures. Corporate culture is the set of values, beliefs, and practices that shape how a company operates, but it may or may not include a strong focus on ethical behavior.

_______ Is the Application of Ethical Standards to Business Behavior