What is the definition of business ethics? What is meant by the term social responsibility?


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What is the definition of business ethics? What is meant by the term social responsibility?


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  1. What is the definition of business ethics?
  2. What is meant by the term social responsibility?
  3. Identify two purposes that a code of ethics might serve in a business.

Chapter 10

  1. How is a contract generally defined?
  2. What are the different classifications of contracts? (List and explain).
  3. What are necessary elements of a legal contract? (List and explain).

Chapter 11

  1. How is a contract properly discharged?
  2. Explain the term breach of contract.
  3. What are two possible remedies for a breach of contract?