Define and explain ethics and social ...

[geodog55]

Define and explain ethics and social responsibility.

Question 2

The total value of a nation's exports minus the total value of its imports is known as the balance of payments.
 
 Indicate whether the statement is true or false

[Gabe]

Answer to Question 1

Ethics refers to sets of beliefs about right and wrong, good and bad; business ethics involve the application of these issues in the workplace. Ethics relate to individuals and their day-to-day decision making. The decisions of each individual can affect the entire organization.
Social responsibility is the obligation of a business to contribute to society. The most socially responsible firms feature proactive policies that focus on meeting the needs of all their stakeholders-not just investors but also employees, customers, the broader community, and the environment. The stance of a company regarding social responsibility sets the tone for the organization and clearly influences the decisions of individual employees.

Answer to Question 2

False

[geodog55]

Thank you

[Gabe]

Happy to help you