1. Business ethics focuses mostly on personal ethical issues.

No. It is because business ethics mainly focuses on the principles and standards that guide behavior
in the business world.
2. Business ethics deals with right or wrong behavior within a particular organization.
Yes. Written and unwritten codes, principles, and values that govern decisions and actions within a
company investors, employees, customers, interest groups, the legal system, and the community
often determine whether a specific action is right or wrong, ethical or unethical. Although these
groups are not necessarily “right,” their judgments influence society’s acceptance or rejection of a
business and its activities.
3. An ethical culture is based upon the norms and values of the company.
Yes. Norms and values help create an organizational culture and are key in supporting or not
supporting ethical conduct.