CSEC Principles of Business  /  The nature of business  /  Ethics, the law and careers in business

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Ethics, the law and careers in business

Business ethics means doing what is morally right, not only what the law demands. A firm must also obey the law: be genuine, use legally obtained money and pay its taxes. Paper 1 asks what a firm shows when it disposes of waste ethically: its responsibility to society.

By the end of this page you can

  • Explain legal and ethical issues in running a business
  • Give consequences of unethical practices
  • Describe careers in business
  • Tell an unethical practice from a fair one

Goals tick themselves off as you try the activities below.

A rusted, dumped car lies in dry grass beside a sign that reads “No dumping by order of County Commissioners”.

Photo: BLMIdaho (Bureau of Land Management), Public domain, via Wikimedia Commons. Cropped, resized, JPEG q72.

Dumping is cheap for the firm and costly for everyone else.

How often it shows up in past papers

All papers8 of 23 papers
Last 53 of 5 · 2023–2026

Paper 1 counts come from our past-paper bank of CSEC Principles of Business Paper 1s. The last-5 row shows how often it came up in the five most recent papers.

Inside this topic

  1. Doing business rightLocked
  2. Careers in businessLocked
  3. Key termsLocked
  4. Test yourselfmarkedLocked
  5. Practise for real · 6 past questionsLocked