Which of the Following Is the Best Definition of Business

question 32

Multiple Choice

Which of the following is the best definition of business ethics?

• A)The practice of obeying applicable business laws and regulations.
• B)The practice of competing fairly and declining to put your own interests above those of your company or its stakeholders.
• C)The practice of responding to morally problematic business situations.
• D)The practice of making business decisions that are most beneficial to stakeholders.

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Definitions:

Heavy Machineries

Large and heavy vehicles or equipment used for construction, industrial, or agricultural purposes.

Greenfield Operation

A project where a company builds its operations in a foreign country from the ground up, typically in an area where no previous facilities exist.

Exporting

The process of selling goods or services produced in one country to buyers in another country.

Master Franchise Arrangement

A type of franchise agreement where the master franchisee has the exclusive rights to develop a brand in a particular territory, sub-franchising to others.