Business Studies · Business Ethics
Given below are two statements: Statement I: To exist and be successful in a competitive world, a business has to be ethical. Statement II: An ethical organisation can be recognized on the basis of its corporate excellence and not on its relations with the stakeholders. In light of the above statements, choose the most appropriate answer from the options given below:
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Statement I is incorrect but Statement II is correct
- 2Statement I is correct but Statement II is incorrect✓
- 3Both Statement I and Statement II are incorrect
- 4Both Statement I and Statement II are correct
Correct answer
Statement I is correct but Statement II is incorrect
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