What is the discipline of business ethics primarily concerned with?

Prepare for the Fincert Certified Personal Financial Counselor (CPFC) Exam with flashcards and multiple-choice questions. Each question is complemented by hints and explanations. Get exam-ready today!

The discipline of business ethics is primarily focused on studying organizational behaviors and obligations. This field examines the moral principles and standards that guide behavior in the business world, ensuring that organizations operate in a socially responsible and ethical manner. It involves evaluating how businesses fulfill their obligations to various stakeholders, including employees, customers, shareholders, and the community at large. By analyzing these behaviors and obligations, business ethics promotes integrity and accountability in business practices.

While maximizing profits and reducing costs, improving employee productivity, and enhancing customer satisfaction are important aspects of running a successful business, they do not inherently address the ethical implications of business decisions and behaviors. Business ethics prioritizes the values and standards that inform these decisions, ensuring that they align with moral and ethical expectations. Therefore, A is the most fitting answer as it captures the essence of what business ethics seeks to explore and uphold within organizations.

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy