BBA 1st Year Business Ethics Very Short Question Answer

BBA 1st Year Business Ethics Very Short Question Answer : BBA First Year Business Ethics : An Overview Concept, Nature, evolving ethical values, arguments against business ethics, Important BBA Questions With Answers in English Language.

BBA 1st Year Business Ethics Very Short Question Answer | Index

BBA 1st Year Business Ethics Very Short Question Answer | Index

BBA 1st Year Business Ethics Very Short Questions | Page 1

BBA 1st Year Very Short Questions With Answers | Page 2

BBA 1st Year Very Short Questions With Answers Papers | Page 3

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BBA 1st 2nd 3rd Year Study Material Notes

Section-A (Very Short Answer Questions (BBA Notes)

Q.1; What do you understand by the term ethics?

Ans. Ethics is a set of standards, or a code, or a value system worked out from human reason and experiences, by which free human actions are determined as ultimately right or wrong, good or evil.

Q.2. Explain the concept of Business Ethics.

Or What is business ethic.

Ans. “Business ethics refers to the application of ethics to business operations. To be more specific, business ethics is the study of good and evil, right and wrong, just and unjust actions of a businessman”.

In other words, business ethics maybe defined as a set of moral standards which people owning and managing business are expected to follow. These standards are the means to govern the conduct of business persons: Business ethics indicates what is the right conduct in business matter.

Q.3. Why is business ethics needed in business?

Ans. To fulfil the following obligations business ethics is needed in business:

(a) To give fair and equitable treatment to the employees.

(b) To charge fair prices from the customers.

(c) To use fair weights for measurement of commodities.

(d) To pay taxes to government and other bodies honestly.

(e) To earn reasonable profit.

(fJ To become a good corporate citizen.

Q.4. What are the main elements of business ethics? Explain with suitable examples.

Ans. Following are the main elements of business ethics:

(a) Values: These are the moral beliefs held by an individual, an organisation and a society. Values represent moral convictions and are relatively permanent.

For Example: A company may charge reasonable prices due to its value systems in spite of its monopoly position in the industry.

(b) Rights : These are the claims of an individual or organisation.

For Example: Every citizen of India enjoys certain rights enumerated in the country’s constitution.

(c) Duties These are the obligations of a person or an organisation.

For Example; Every citizen has the duty to follow the country’s law.

Q.5. What are the different sources of business ethics?

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