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Write a note on business ethics?
Business ethics are the moral principles applied in business environment to deal with ethical problems. Business is said to be operating ethically when it obeys the law. Business ethics basically deals with the problems such as, shareholder relations, insider trading, bribery , discrimination, fiduciary responsibility, corporate social responsibility, corporate governance etc.
What is meant by the term business objective?
A business objective is a goal the business has established. Businesses create objectives so that they can ensure they are moving forward in operations.
What is drawing in the balance sheet?
Drawing is that amount which is withdrawn by owners of business from business for personal use during operations of business in one fiscal year.
What is Business Capital?
Business working capital is the money a business needs for day to day operations. However, a good understanding of cash flow is important as well to run a good business.
What is the auditors objective for understanding an entitys business risks?
What is the auditor's objective for understanding an entity's business risks?Why does an auditor not have responsibility to identify or assess all business risks？
What Type of business has one or more individuals share responsibility for the decisions of the company?
Partnership
This type of business has one or more individuals who share responsibility for the decisions of the company?
partnership
This type of business has one or more individuals who share responsibility for the decisions of the company.?
partnership
What is Mutual agency of a partnership?
Right of all partners in a partnership to act as agents for the normal business operations of the partnership, and their responsibility for their partners' business related (but not personal) actions.
What is meant by business operations?
Business operations are how a business works. A business usually has various operations that you can do in order to find how they are making money and profits.
What are facts about business ethics?
Ethical behaviour and responsibility go far beyond the law and legislation on require that operations management acts for the common good.
What does ownership of business mean?
Ownership of a business refers to the legal and financial rights held by individuals or entities over the operations, assets, and profits of the business. Owners make key decisions, assume risks, and are entitled to the financial rewards generated by the business. This ownership can take various forms, such as sole proprietorships, partnerships, or corporations, each with different implications for liability and management. Ultimately, ownership signifies control and responsibility for the business's success or failure.
Explain the Concept of Social Responsibility of Business?
The concept of social responsibility of business refers to the idea that companies should not only focus on profit maximization but also consider their impact on society and the environment. This includes ethical practices, sustainable operations, and contributions to community welfare. Businesses are expected to balance stakeholder interests, including employees, customers, and the broader community, fostering positive relationships and long-term value. Ultimately, social responsibility promotes a more ethical and sustainable approach to business operations.
What is the roles and responsibility of business economist?
roles and responsibility of business economist?
When do you need a data processing agreement in your business operations?
A data processing agreement is needed in your business operations when you engage a third party to process personal data on your behalf, to ensure compliance with data protection regulations and safeguard the privacy of individuals.
What is the difference between governance and government?
Governance means control, as the leader of a business or CEO, directing its daily operations. In a democracy the government does not directly control the population, as it does in the Stalinist North Korea, unfortunately for the common people.
What is legal responsibility in business?
Legal responsibility is business ethics. You can research the topic or check with the Small Business Administration.
