A code of behavior in business that is accepted as morally correct is best described as what?

A code of behavior in business that is accepted as morally correct is best described as what?

• A. Business ethics
• B. Corporate governance
• C. Compliance
• D. Professionalism

Answer: (A)

Business ethics is the set of moral principles that guide behavior in business, defining what is right or wrong. A code of behavior accepted as morally correct describes those ethical standards that shape decisions and actions beyond merely following laws. For example, acting with honesty, fairness, and integrity in dealings with customers, employees, and suppliers reflects ethics in practice. Corporate governance refers to the framework for directing a company, including boards and controls. Compliance means sticking to laws and regulations. Professionalism covers conduct and demeanor in a work setting. While those concepts are related, the description given is best captured by business ethics.

Business ethics is the set of moral principles that guide behavior in business, defining what is right or wrong. A code of behavior accepted as morally correct describes those ethical standards that shape decisions and actions beyond merely following laws. For example, acting with honesty, fairness, and integrity in dealings with customers, employees, and suppliers reflects ethics in practice.

Corporate governance refers to the framework for directing a company, including boards and controls. Compliance means sticking to laws and regulations. Professionalism covers conduct and demeanor in a work setting. While those concepts are related, the description given is best captured by business ethics.