Asked by alyaziya mohammed on Sep 28, 2024
Verified
Ethics and social responsibility can be used interchangeably.
Ethics
A branch of philosophy that deals with questions about what is morally right and wrong, good and bad, fair and unfair.
Social Responsibility
The concept that businesses should balance profit-making activities with activities that benefit society; it involves developing businesses with a positive relationship to the society in which they operate.
- Clarify the ethical considerations within the business sector and why they are crucial.
Verified Answer
KM
Katherine Minano1 day ago
Final Answer :
False
Explanation :
Ethics refers to a set of moral principles or values that guide individuals and organizations in their behavior and decision-making, while social responsibility refers to the obligation of individuals and organizations to act in a way that benefits society as a whole. Although both concepts are related, they are not interchangeable.
Learning Objectives
- Clarify the ethical considerations within the business sector and why they are crucial.
Related questions
InDodge Vs ...
One Argument Against Corporate Social Responsibility Proposes That Profit Maximization ...
The General Public Today Wants Businesses to Make as Much ...
According to Adam Smith, the Public Interest Was Served by ...
According to Researchers' Conclusions, There Is a Negative Correlation Between ...