The term business ethics is best described by the following statement:
A)It is the study and philosophy of human conduct, with an emphasis on determining right and wrong.
B)It is an "inquiry into the nature and grounds of morality where the term morality is taken to mean moral judgments, standards and rules of conduct."
C)It is the "study of the general nature of morals and of specific moral choices; moral philosophy; and the rules or standards governing the conduct of the members of a profession."
D)It is an organization's obligation to maximize its positive effects and minimize its negative effects on stakeholders.
E)It comprises the principles, values, and standards that guide behavior in the world of business.

Question

Quizplus · Accepted Answer

Business ethics refers to the principles, values, and standards that guide behavior in the world of business. It involves examining moral and ethical issues that arise in a business setting, and making decisions that are both legally and morally defensible. The goal of business ethics is to promote accountability and responsibility in the business world, and to ensure that companies act in the best interests of all stakeholders, including customers, employees, shareholders, and the wider community.

The Term Business Ethics Is Best Described by the Following