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Question

Business ethics is a code of conduct which businessmen should follow while conducting their _______.

A
business operations
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B
discipline
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C
laws
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D
all of above
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Solution

The correct option is A business operations
Business ethics refers to the moral principles and standards and a code of conduct that businessmen are expected to follow while dealing with others. Business essentially is a means of society to use scarce resources to produce in an efficient manner those goods and services which society wants and is willing to pay for. Businesses must balance their desire to maximise profits against the needs of stakeholders.

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