What do you mean by business ethics. Describe the broad areas of business ethics?

Business ethics refers to the application of moral principles and standards to business behavior. It involves the set of rules, values, and practices that guide the conduct of individuals and organizations in the business world. These principles are essential to ensure that businesses operate in a manner that is fair, transparent, and responsible, while considering the impact on stakeholders such as employees, customers, shareholders, and the community at large. Business ethics is not only about adhering to legal requirements but also about cultivating trust, integrity, and social responsibility within the business environment.

Broad areas of business ethics can be categorized as follows:

1. Ethical Leadership and Governance: This area focuses on the behavior and actions of leaders within a business ________ __________ ___ ______ _____.
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