General business ethics pertains to values and decisions that:

General business ethics refers to the principles and values that guide behavior in the business world, extending beyond mere compliance with legal mandates. The correct answer emphasizes that ethical standards in business often go above the minimum legal requirements, indicating a commitment to higher moral standards.

In practice, businesses that adhere to ethical guidelines focus on fairness, integrity, and respect for stakeholders, including employees, customers, and the community. This approach ensures that decisions are not solely influenced by what is legally permissible but also by what is considered morally right and beneficial for the broader society.

Other options highlight points that do not encompass the full scope of business ethics. For example, the idea that ethics are only governed by law ignores the broader responsibility businesses have toward ethical conduct. Similarly, suggesting that ethics are subjective to individual interpretation overlooks the established frameworks that guide ethical decision-making. Lastly, focusing solely on financial profit reduces ethics to a narrow view that disregards the importance of social responsibility and long-term sustainability in business practices.