The Definition of Business Ethics Includes Which of the Following

question 26

Multiple Choice

The definition of business ethics includes which of the following points?

• A) It is a branch of applied ethics.
• B) It is fully codified in federal statutes.
• C) It has a central authority and universal standards.
• D) It is based on maximizing profits for a business.

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Definitions:

State Law

Legal rules and regulations enacted by a state government that are applicable within the state's boundaries.

Arbitration

A method of conflict resolution where a neutral third party makes a binding decision to resolve a dispute, often used as an alternative to litigation.

Public Sector

Refers to the part of the economy composed of both public services and public enterprises, owned and operated by the government.

U.S. President

The head of state and government of the United States of America, serving as the executive leader and commander-in-chief under the U.S. Constitution.