MP Board · Class 11 · Business Studies · Social Responsibilities of Business and Business EthicsThe code of conduct in business ethics is formulated by:
Step-by-Step Solution
Enterprises establish codes of conduct outlining ethical standards, values, and expected behaviors for their employees, management, and directors to follow in day-to-day operations.
Detailed Options Breakdown
Option : Consumers themselves
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Option 1: The business enterprise (Correct Answer)
Correct choice. Refer to the step-by-step verified solution guidelines above for details.
Option 2: Competitors in the market
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
Option 3: Foreign investors
Incorrect choice. This distractor represents a common misunderstanding of the core principles of Social Responsibilities of Business and Business Ethics.
💡 Study Guide: This question tests core syllabus concepts from Social Responsibilities of Business and Business Ethics. For formulas, key summaries, and mock exam reference guides, read the full Social Responsibilities of Business and Business Ethics Revision Notes.