A business practice may be considered unethical even when it is legal because ethics concerns:
Correct answer: B. Standards of right and fair conduct
- A. Only the payment of government taxes
- B. Standards of right and fair conduct
- C. The number of products sold each month
- D. The ownership structure of the firm
Explanation
Ethics deals with principles of fairness, honesty, and responsible conduct. The law sets minimum enforceable standards, while ethical expectations can be broader.
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About The Business Environment
Business environment includes the internal factors and external forces that affect business decisions, performance and survival. It covers customers, competitors, suppliers, government, technology, economic conditions, society, law and ecology, including the distinction between the microenvironment and the wider PESTLE environment.
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