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Business Studies

Nature and Principles of Management

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Question

Write a word or phrase or a term which can substitute each one of the following.

The critical, structured examination of how people and institutions behave in the world of commerce.

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Solution

The critical, structure examination of how people and institutions behave in the world of commerce- Business ethics

Explanation:

Business ethics has two integral parts: critical and structured. The former deals with the benefits of morality and examines the behaviour of people, while the latter talks about higher order, rationalisation and unified moral duties.

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