Question

Kenneth is a bank executive and when one of his customers offers him box seats to a Chicago Cubs game he knows he cannot accept them because it is not appropriate to do so. However, in some countries of the world, this gift would be perfectly acceptable. This reflects a difference in _____.

Answer 1

The correct answer would be, Business Ethics.

However in some countries of the world, this gift would be perfectly acceptable. This reflects a difference in Business Ethics.

Explanation:

Ethics are simply the moral principles, which regulate a person's behavior in a situation. Ethics make a person choose between right and wrong.

When Ethics are applied in businesses, they become the Business Ethics. Acting morally right in business situations like bribery, commissions, insider trading, discrimination, corporate social responsibility, etc, is called as acting according to Business Ethics.

Ethics have no legal ruling, rather ethics are just a person's own moral values to choose between right and wrong. So when Kenneth was given tickets of games club as bribe, he refused to take that because this is considered ethically wrong. This is called as Business Ethics.

Learn more about Business Ethics at:

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