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

question 148

Short Answer

What is the difference between "ethics" and "business ethics"?
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.
The former refers to a restricted range of acceptable behaviours, while the latter refers to a much broader range of acceptable behaviours.
There are no differences between the two.
The former refers to beliefs about what is right or wrong, while the latter refers to behaviours by managers or employees.
None of these statements are accurate.

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Definitions:

Rejection Region

The range of values in hypothesis testing that if the test statistic falls into, leads to the rejection of the null hypothesis.

Ice Cream Flavors

Various unique tastes of ice cream created by altering ingredients and mixtures in its production.

Random Sample

A sample drawn from a population in such a way that every member of the population has an equal chance of being selected.

Sales Data

Information collected about the number of products or services sold in a given time period.