What Is the Role of Business Ethics

question 29

Multiple Choice

What is the role of business ethics?

• A) to provide a comprehensive plan for dealing with legal risk
• B) to establish principles and values for determining right and wrong in the business world
• C) to resolve disputes between conflicting parties
• D) to impose legal responsibility for an event or loss that has occurred

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Definitions:

Human Relations Style

Refers to the manner in which individuals interact with one another within social and professional contexts, emphasizing communication and interpersonal skills.

Authoritarian Leadership

A leadership approach where one person makes all the decisions without significant input from others in the group.

Productivity

The efficiency at which goods or services are produced, often measured in terms of the output per unit of labor, materials, or time.

Farming Sector

The segment of an economy devoted to the production, processing, and distribution of food, fiber, and other agricultural products.