BUSN 11 Introduction to Business Student Edition
BUSN 11 Introduction to Business Student Edition
11th Edition
ISBN: 9781337407137
Author: Kelly
Publisher: Cengage Learning
Question
Book Icon
Chapter 4, Problem 1LO
Summary Introduction

To discuss: Ethics and the universal ethical standards.

Expert Solution & Answer
Check Mark

Explanation of Solution

The set of beliefs about the right and wrong is known as ethics. In every country their laws set the minimum ethical standards, but in original the ethical standards are higher than the legal minimums. People all over the world tend to accept some core values that can be a starting point for the universal ethical standards. The universal ethical standards are inclusive of respect, trustworthiness, caring, fairness, citizenship, and responsibility.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!
Students have asked these similar questions
If Rohan Inc., has an equity multiplier of 1.76, total asset turnover of 1.78, and a profit margin of 9.50 percent. What is its ROE? Answer this financial accounting problem.
Hi expert please give me answer general accounting question
Before prorating the manufacturing overhead costs at the end of 2016..
Knowledge Booster
Background pattern image
Recommended textbooks for you
Text book image
Principles of Management
Management
ISBN:9780998625768
Author:OpenStax
Publisher:OpenStax College
Text book image
Contemporary Marketing
Marketing
ISBN:9780357033777
Author:Louis E. Boone, David L. Kurtz
Publisher:Cengage Learning
Text book image
Foundations of Business (MindTap Course List)
Marketing
ISBN:9781337386920
Author:William M. Pride, Robert J. Hughes, Jack R. Kapoor
Publisher:Cengage Learning