Business ethics can be considered as a tool for social development.

Question

State with reason whether the following statement is true or false. 

Business ethics can be considered as a tool for social development. 

Options 

• True 
• False

Answer 1

Business ethics can be considered as a tool for social development. True 

Explanation: 

Business ethics are the principles which, if business units follow, not only lead to the development of business units but also to the growth of the whole economy. Thus, contributing to social development.