Final answer:
b) Business ethics. Business ethics is the term that describes the fundamental principles of right and wrong by which employees and companies interact. It guides behavior, promotes ethical practices, and addresses issues such as honesty, fairness, and respect in the workplace.
Step-by-step explanation:
The term that describes the fundamental principles of right and wrong by which employees and companies interact is Business ethics. Business ethics is a set of principles and moral guidelines that guide the behavior and actions of individuals and organizations in the business world.
Business ethics helps define what is acceptable and unacceptable behavior in the workplace, ensuring that employees and companies act ethically and responsibly. It addresses issues such as honesty, integrity, fairness, and respect in business dealings.
For example, business ethics may prohibit employees from engaging in activities such as bribery, fraud, or discrimination. It also promotes transparency, accountability, and environmental sustainability in business practices.