finance 3 - we define business ethics as the principles and standards that determine acceptable conduct in business organizations The acceptability of

finance 3 - we define business ethics as the principles and...

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we define business ethics as the principles and standards that determine acceptable conduct in business organizations. The acceptability of behaviour in business is determined by customers, competitors, government regulators, interest group. Many consumers and social advocates believe that businesses should not only make a profit but also consider the social implications of their activities. We define social responsibility as a business’s obligation to maximize its positive impact and minimize its
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