47. Good business ethics is:a. the lawb. best practicec. entirely voluntaryd. irrelevant to society
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47. Good
a. the law
b. best practice
c. entirely voluntary
d. irrelevant to society
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Solved in 1 steps
- Today, almost all major corporations have written codes of ethics. O True O FalseCorporate social responsibility includes:a) doing what’s right.b) having policies that consider environmental, societal,and financial impact.c) considering a product from design to disposal.d) all of the above.e) a and b onlyWhy do we need to study “ethics” in a business course? Why is it important to understand and differentiate between “morals” and the “institutionalization” of business ethics?
- Corporate Social Responsibility (CSR) extends beyond the organization to focus on the relationship between the organization and its external stakeholders. Corporations are finding that CSR is essential to fundamental business strategy a) What are the three reasons why corporations should care about corporate social responsibility?Claims professionals are not personally and professionally responsible for making ethical decisions. True False22. Which of the following best describes an organization’s obligations toward society?a. Ethicsb. Moralsc. Valuesd. Corporate social responsibility
- Ethical issues do not depend on virtue ethics. (True or false)Ethics is vital part of management practice. Ethics provide competitive advantages to organizations. (TRUE OR FALSE)A simple normative argument to support the stakeholder theory of the firm might be: "Its the right thing to do. Corporations have great power and control vast resources, and these privileges carry with them a duty towards all those affected by the corporations actions (stakeholders)". True False