Which of the Following Statements Is True About Business Ethics

question 1

Multiple Choice

Which of the following statements is true about business ethics?

• A)A firm that has ethical management will succeed financially.
• B)Codes of ethics should cover every business ethics issue.
• C)Business ethics focuses more on laws over values.
• D)Individuals apply the same ethical rules in business as they do at home.
• E)There is no conflict between profits and business ethics.

---

Definitions:

Communications

The act or process of exchanging information and ideas through various mediums and platforms.

Transaction Costs

Expenses incurred when buying or selling goods and services, encompassing fees, taxes, and other costs.

Middlemen

People who buy and sell goods or services or arrange trades. A middleman reduces transaction costs.

Transaction Costs

Expenses incurred when buying or selling goods and services, which can include fees, taxes, and other charges.