Personal integrity which is the hallmark of business integrity includes values such as honesty, reliability and fairness.

Ethic is the beliefs about what is right and wrong or good and bad in actions that affect others.

Behaviour that conforms to individual beliefs and social norms about what is right and good is called as unethical behaviour.          

Adopting written codes is one of the methods that firms can take to formalize the commitment to ethical practices in the workplace.

Company’s policy does not influence an employee’s ethical behaviour.

The belief of integrity is closely tied to ethical issues, which involve questions of right and wrong.

Entrepreneurs must make decisions regarding what is honest, fair and respectful.    

All business practices must not adhere to fair competition, in terms of rules and regulations, advertisement and distribution of products.

Businesses are designed to create value, but in ethical companies, people view value creation in multiple ways.

A business which attempts to balance its commitment to relevant groups and individuals in its social environment is called as social responsibility.

Entrepreneurs carry social responsibility that is important to ensure prosperity of the nation.

Suppliers are not included in the organization stakeholders.

Managers are not required to comply with proper accounting procedures and provide appropriate information to shareholders about financial performance.

Businesses are responsible to charge all customers the fair prices, honour warranties, meet delivery commitments and provide quality products.

Businesses have their social responsibilities to local communities, for examples they may contribute to local activities and get involved in charitable programs.

Entrepreneurs should carry their responsibilities toward investors and customers only.   

Entrepreneurs must ensure that their production process does not harm the environment.

Social responsibilities to customers include establishing a code of responsibility that sets guidelines for product quality and customer relations.   

Approach to social responsibility by which a company meets only minimum legal requirements in its commitment to groups and individuals in its social environment is called as an accommodative stance.