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 Minanoabout 23 hours 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.
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