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Explain the following term/concept. Business ethics - Organisation of Commerce and Management

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प्रश्न

Explain the following term/concept.

Business ethics

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उत्तर

The word 'Ethics' is derived from the Greek word 'Ethos' which means character. Ethics means the set of rules and principles that the organization should follow, while business ethics refer to a code of conduct that businesses are expected to follow while doing business. Ethics establishes a standard for an organization to govern its behavior, helping it differentiate between the right and wrong approaches to business. It addresses concepts such as right and wrong, good and bad, fair and unfair, just and unjust, legal and illegal, and proper and improper concerning human actions. Ethics is considered a branch of social science.

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Concept of Business Ethics
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अध्याय 6: Social Responsibilities of Business - Exercise [पृष्ठ १३०]

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बालभारती Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
अध्याय 6 Social Responsibilities of Business
Exercise | Q 2. 3) | पृष्ठ १३०

संबंधित प्रश्न

Businessmen are ______ of the society.


Answer in a word / phrase / term.

A set of Principles of right conduct.


State Whether the Following Statement Are True Or False (Give Reason)

Business ethics is not applicable to all business organizations.


Write a word or phrase or a term which can substitute  the following.
A set of principles of right conduct.


Write a word or phrase or a term which can substitute  the following.
Corporate ethics which is a form of applied ethics.


Write a word or phrase or a term which can substitute the following.
An element of business ethic in which opinions and feedbacks from clients are considered.


Write a word or phrase or a term which can substitute the following.
The critical, structured examination of how people and institutions behave in the world of commerce.


Answer the following question.
State concept of business ethics in details.


Feature/Nature/Characteristics of Business Ethics?


Choose the correct option for the following:
Which of the following is capable of doing maximum good to society?


Choose the correct option for the following: Ethics is important for


Choose the correct option for the following:
Which of the following alone can ensure effective ethics programme in a business enterprise?


'Business is essentially a social institution and not merely a profit making activity'. Explain.


The business should offer adequate opportunities of promotion to their ______.


The term 'Ethics' is derived from the ______ word 'Ethos' which means character.


Business ethics refers to the ______ system of principles.


Give one word or phrase or a term which can substitute the following.

An activity motivated by profit.


Business ethics is a code of conduct.


Business organisation can maximize profitability by ______ wastage.


The word 'Ethics' is derived from the Greek word ______.


Correct the underlined word and rewrite the sentence.

Financial help should be provided by business organizations for anti-social activities.


Correct the underlined word and rewrite the sentence.

Business ethics is not a relative term.


Explain the following term/concept.

Social values


Justify the following statement.

Business ethics can be considered as a tool for social development.


Describe the features of business ethics.


Choose the Correct Answer.

Which of the following helps in maximizing the sale of goods to society?


Choose the Correct Answer.

The ethical conduct of employees leading to standard practices results in ______


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