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Jemshah
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Asked: 2022-12-28T22:29:37+00:00 In:

State two sources from a business ethical standards may be derived. (2 marks)July 2020

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State two sources from a business ethical standards may be derived. (2 marks)July 2020

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    Enlightened
    1. Professional codes of conduct – One source of business ethical standards may be professional codes of conduct, which are guidelines or principles that outline the ethical responsibilities of professionals in a particular field or industry. These codes may be developed by professional associations, regulatory bodies, or industry groups, and may cover topics such as confidentiality, integrity, professionalism, and social responsibility.
    2. Legal and regulatory frameworks – Another source of business ethical standards may be legal and regulatory frameworks, which are laws and regulations that establish ethical guidelines and requirements for businesses to follow. These frameworks may include laws governing issues such as consumer protection, fair competition, anti-corruption, and environmental protection, among others.
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