Download App

Social Responsibilities of Business and Business Ethics — Business Studies STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceBusiness StudiesSocial Responsibilities of Business and Business Ethics1 Mark
Question
Give only one point of difference between ethics and law.
✓

Answer

Business ethics refer to the socially determined moral principles which should govern business activities. Laws are determined by the legal bodies of a country.

Need a full question paper?

Generate a complete, print-ready paper with questions like this in minutes — across 16+ boards, with answer keys.

Start Generating Free

Explore more

More "1 Marks Question" from Social Responsibilities of Business and Business Ethics→Social Responsibilities of Business and Business Ethics — all question types→Business Studies STD 11 Commerce question papers→CBSE Board STD 11 Commerce question papers→CBSE Board question paper generator→

Similar questions

Which act governs the company form of organisation?
→
What is meant by trade?
→
Public companies provide certain information to the Registrar and this information is also open to general public. Which limitation of company is being mentioned here?
→
State the major drawback of doing business through mail order houses.
→
How can you classify the accounts of bank & on the current basis?
→
Mention any one point showing the importance of small scale industries in India.
→
State two factors affecting the working capital requirement of a firm.
→
What do you understand by unorganised sector of financial system?
→
Mention any two features of statutory corporation.
→
Which concept is related with the arrangement of funds to run the business smoothly?
→