What is business ethics? Mention the basic elements of business ethics.

Ethics is a Greek word and it means norms ideals and morals in a group or society. Business ethics refers to the socially determined business principals which determines moral principles which should govern business activities

The basic elements are mentioned below:

●Top management commitment

• Publication of a ‘Code’

• Establishment of compliance mechanism

• Involvement of employees at all levels

• Measurement of results