Question:

State whether the following statements are true or false:
Business ethics is a code of conduct.

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Understanding the roles and limitations of various laws, ethics, and transport modes is important for making informed decisions in business.
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Solution and Explanation

Business ethics refers to the set of moral principles and values that guide the behavior of individuals and organizations in business. It serves as a code of conduct for how business should be conducted. Thus, the statement is true.
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