What Is the Difference Between "Ethics" and "Business Ethics

question 29

Multiple Choice

What is the difference between "ethics" and "business ethics"?

• A) The former refers to beliefs about what is right and wrong, while the latter doesn't deal with right and wrong, only with economic issues.
• B) The former refers to a restricted range of acceptable behaviours, while the latter refers to a much broader range of acceptable behaviours.
• C) There are no differences between the two terms.
• D) The former refers to beliefs about what is right or wrong, while the latter refers to behaviours by managers or employees.
• E) The former refers to the actions of government employees, while the latter refers to the actions of employees in private-sector firms.

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Definitions:

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The approach whereby an organization allocates its marketing mix resources to reach its target markets.

SWOT Analysis

An acronym describing an organization’s appraisal of its internal Strengths and Weaknesses and its external Opportunities and Threats.

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Social Audit

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