List out from the given statements the important ethical principles that a business should follow:
1. To take the necessary action for the development of the concerned industry or business.
2. Pay taxes and discharge other obligations promptly.
3. To ensure the best utilisation of the human resources.
4. Refrain from secret kickbacks or pay-offs to customers, suppliers, administrators, etc.
5. Ensure payment of fair wages and fair treatment of employees.
Choose the correct answer from the options given below:
A. 3, 4 and 5
B. 2, 3 and 5
C. 1, 2 and 3
D. 1, 3 and 5
Answer: Option B
Related Questions on Business and Commerce
A. Commerce
B. Industry and commerce
C. Trade and commerce
D. Selling and buying of goods
Which of the following is not an economic activity?
A. A doctor practicing
B. A lawyer practicing law
C. A professional cricketer playing cricket
D. A student playing cricket
Which of the following is an extractive industry?
A. Cattle breeding
B. Forest cultivation
C. Hunting
D. Flour mills
Which of the following is not a manufacturing industry?
A. Iron and steel works
B. Flour Mills
C. Fruit canning
D. Mining
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