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Explain the following term/concept. Moral Values - Organisation of Commerce and Management

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Question

Explain the following term/concept.

Moral Values

Definition

Solution

Moral values are based on perceptions of right and wrong whereas social values may also include ideas about things being socially acceptable. Social values are often based on tradition, ego, honesty, integrity fairness, hard work, cooperation, forgiveness, never hurt anyone, etc.

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Concept of Business Ethics
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Chapter 6: Social Responsibilities of Business - Exercise [Page 130]

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Balbharati Organisation of Commerce and Management (OCM) [English] 12 Standard HSC Maharashtra State Board
Chapter 6 Social Responsibilities of Business
Exercise | Q 2. 4) | Page 130

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