Chapter 1, Problem 7E

1.

To determine

Business Ethics: Business ethics is a principle of conduct governing the activities of the business. Business should conduct its activities in an ethical manner in order to earn profit and reputation. It helps to decide what is correct and what is incorrect in case of business. Business ethics is codes of principles and values that govern decisions and decision made in the business.

To explain: The way the behavior of business affects the customer and the way a customer can protect them against the behavior of the business.

2.

To determine

Business Ethics: Business ethics is a principle of conduct governing the activities of the business. Business should conduct its activities in an ethical manner in order to earn profit and reputation. It helps to decide what is correct and what is incorrect in case of business. Business ethics is codes of principles and values that govern decisions and decision made in the business.

To Identify: The way the behavior of company would affect profits and employment of the company.