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Read the following statement and choose the correct option as per Importance of Ethics in Business.
Statement I: Ethics are important not only in business but in all aspects of life because it is an essential part of the foundation on which a civilized society is built.
Statement II: A business or society that lacks ethical principles is to sooner or later. Running a business ethically is good for business.
  • a)
    Statement I is correct, and statement II is incorrect
  • b)
    Statement I is incorrect, and statement I is correct
  • c)
    Both the statements are correct
  • d)
    Both the statements are incorrect
Correct answer is option 'C'. Can you explain this answer?
Most Upvoted Answer
Read the following statement and choose the correct option as per Impo...
Importance of Ethics in business - Ethics are important not only in business but in all aspects of life because it is an essential part of the foundation on which of a civilized society is build. A business or society that lacks ethical principles is to sooner or later. Running a business ethically is good for business. However, "business ethics" if properly interpreted means that standards of conduct of individual businesspeople, not necessarily the standards of business as a whole.
Hence, the correct answer is Option (d).
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Read the following statement and choose the correct option as per Importance of Ethics in Business.Statement I: Ethics are important not only in business but in all aspects of life because it is an essential part of the foundation on which a civilized society is built.Statement II: A business or society that lacks ethical principles is to sooner or later. Running a business ethically is good for business.a)Statement I is correct, and statement II is incorrectb)Statement I is incorrect, and statement I is correctc)Both the statements are correctd)Both the statements are incorrectCorrect answer is option 'C'. Can you explain this answer?
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Read the following statement and choose the correct option as per Importance of Ethics in Business.Statement I: Ethics are important not only in business but in all aspects of life because it is an essential part of the foundation on which a civilized society is built.Statement II: A business or society that lacks ethical principles is to sooner or later. Running a business ethically is good for business.a)Statement I is correct, and statement II is incorrectb)Statement I is incorrect, and statement I is correctc)Both the statements are correctd)Both the statements are incorrectCorrect answer is option 'C'. Can you explain this answer? for Banking Exams 2025 is part of Banking Exams preparation. The Question and answers have been prepared according to the Banking Exams exam syllabus. Information about Read the following statement and choose the correct option as per Importance of Ethics in Business.Statement I: Ethics are important not only in business but in all aspects of life because it is an essential part of the foundation on which a civilized society is built.Statement II: A business or society that lacks ethical principles is to sooner or later. Running a business ethically is good for business.a)Statement I is correct, and statement II is incorrectb)Statement I is incorrect, and statement I is correctc)Both the statements are correctd)Both the statements are incorrectCorrect answer is option 'C'. Can you explain this answer? covers all topics & solutions for Banking Exams 2025 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Read the following statement and choose the correct option as per Importance of Ethics in Business.Statement I: Ethics are important not only in business but in all aspects of life because it is an essential part of the foundation on which a civilized society is built.Statement II: A business or society that lacks ethical principles is to sooner or later. Running a business ethically is good for business.a)Statement I is correct, and statement II is incorrectb)Statement I is incorrect, and statement I is correctc)Both the statements are correctd)Both the statements are incorrectCorrect answer is option 'C'. Can you explain this answer?.
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