Which of the following statements is true about business ethics?

Which of the following statements is true regarding business ethics and social responsibility? Companies can be both profitab At AgroCorp, each owner has unlimited liability for the debts of the business. It has several business units that focus on ma

Answer

Broadly speaking there are four responsibilities of the business: to make profit; to act legally; to act ethically and to benefit society. Therefore a business can be profitable as well as responsible. The answer for this question is first option companies can be profitable and socially responsible.

Unlimited liability of the partners is a characteristic of partnership type of business. Therefore answer for this question is first option general partnership

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