what is business law and ethics? | LegaMart

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QuestionAug 22, 2022 - 16:59

what is business law and ethics?

what is business law and ethics?

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Sep 6, 2022 - 10:19

"There is no single answer to this question as the field of business law and ethics can be pretty broad. However, at a basic level, business law encompasses the legal rules and regulations businesses must abide by. In contrast, business ethics refers to the ethical principles businesses should uphold in their dealings with employees, customers, suppliers, and the community. Some of the critical areas of business law that relate to ethics include labor laws (e.g., minimum wage, overtime pay), consumer protection laws (e.g., truth in advertising), anti-corruption laws (e.g., bribery), and environmental regulations (e.g., restrictions on pollution). "

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