Question

Which one of the following statements about business ethics is false?

• A. Business ethics goes beyond legal issues.
• B. Ethical conflicts lead to ethical dilemma.
• C. Ethical conduct builds trust among individuals and in business relationships.
• D. Application of business ethics is limited to the profitable organisations.

Answer 1

Answer: (D)

Application of business ethics is limited to the profitable organisations.

Business ethics is required for every type of organization, small or big, profitable or less profitable, as business ethics will help them to have a good connection with customers, employees, shareholders etc.

Business ethics is not against fair profit making. However, it is against making profit by cheating and exploiting consumers.