Practicing Success

Target Exam

CUET

Subject

Business Studies

Chapter

Social Responsibilities of Business and Business Ethics

Question:

................. is concerned with what is right and what is wrong in human behaviour judged on the basis of a standard form of conduct/ behavior of individuals, as approved by society in a particular field of activity.

Options:

Social responsibility

Corporate responsibility

Ethics

Moral responsibility

Correct Answer:

Ethics

Explanation:

The correct answer is option 3- Ethics.

The word ‘ethics’ has its origin in the Greek word ‘ethics’ meaning character; norms, ideals or morals prevailing in a group or society. Ethics is concerned with what is right and what is wrong in human behaviour judged on the basis of a standard form of conduct/behavior of individuals, as approved by society in a particular field of activity. Ethics may be viewed as the entire body of moral values that society attaches to the actions of human beings. Ethics can also refer to codes or other system for controlling means so that they serve human ends. Ethical standards are often enacted into laws. But ethical behaviour is just and fair conduct that goes beyond observing laws and government regulations. It means adhering to moral principles, being guided by particular values, and behaving in a way people ought to act. The set of principles called ethics may be written or unwritten codes or principles governing a professional or human activity.