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Question

Business ethics may be defined as a set of moral rules and principals to protect the interest of _________.

A
industry as whole
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B
business unit
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C
both business & industry
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D
employer
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Solution

The correct option is B both business & industry
Importance of Business Ethics. Following ethical business practices are valuable for long-term gains and success.
  • Trustworthiness and Honesty. Trustworthiness is a key element of business ethics because the client must have deep trust in your company.
  • Confidentiality.
  • Technical Integrity.
  • Creating an Open Environment.
Hence Business ethics may be defined as a set of moral rules and principals to protect the interest of both business and industry.

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