Commerce Exam  >  Commerce Questions  >  What is the difference between business ethic... Start Learning for Free
What is the difference between business ethics & business responsibilities?
Most Upvoted Answer
What is the difference between business ethics & business responsibili...
Business ethics is the study of appropriate business policies and practices regarding potentially controversial subjects including corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities.
Community Answer
What is the difference between business ethics & business responsibili...
And personal ethics?

Business ethics refers to the moral principles and values that guide the behavior and decision-making in a business context. It involves considering the impact of business actions on various stakeholders, such as employees, customers, shareholders, and the society as a whole.

Personal ethics, on the other hand, refers to an individual's moral principles and values that guide their behavior and decision-making in their personal life. It involves considering what is right and wrong, and making choices that align with one's own values and beliefs.

The main difference between business ethics and personal ethics is the context in which they are applied. Business ethics is specifically concerned with ethical decision-making in a business environment, while personal ethics is concerned with ethical decision-making in an individual's personal life.

Another difference is the complexity of decision-making. Business ethics often involves considering the interests and values of multiple stakeholders, balancing competing interests, and making decisions that are in the best interest of the business and its stakeholders. Personal ethics, on the other hand, typically involves making decisions that are aligned with an individual's own values and beliefs, without the need to consider the interests of multiple stakeholders.

Lastly, business ethics is often influenced by legal and regulatory frameworks, industry norms, and organizational policies, whereas personal ethics are more influenced by an individual's own values, beliefs, and upbringing.

Overall, while there may be some overlap between business ethics and personal ethics, the main difference lies in the context and complexity of decision-making, as well as the influence of external factors on ethical behavior.
Attention Commerce Students!
To make sure you are not studying endlessly, EduRev has designed Commerce study material, with Structured Courses, Videos, & Test Series. Plus get personalized analysis, doubt solving and improvement plans to achieve a great score in Commerce.
Explore Courses for Commerce exam

Top Courses for Commerce

What is the difference between business ethics & business responsibilities?
Question Description
What is the difference between business ethics & business responsibilities? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about What is the difference between business ethics & business responsibilities? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the difference between business ethics & business responsibilities?.
Solutions for What is the difference between business ethics & business responsibilities? in English & in Hindi are available as part of our courses for Commerce. Download more important topics, notes, lectures and mock test series for Commerce Exam by signing up for free.
Here you can find the meaning of What is the difference between business ethics & business responsibilities? defined & explained in the simplest way possible. Besides giving the explanation of What is the difference between business ethics & business responsibilities?, a detailed solution for What is the difference between business ethics & business responsibilities? has been provided alongside types of What is the difference between business ethics & business responsibilities? theory, EduRev gives you an ample number of questions to practice What is the difference between business ethics & business responsibilities? tests, examples and also practice Commerce tests.
Explore Courses for Commerce exam

Top Courses for Commerce

Explore Courses
Signup for Free!
Signup to see your scores go up within 7 days! Learn & Practice with 1000+ FREE Notes, Videos & Tests.
10M+ students study on EduRev