Business Essentials (12th Edition) (What's New in Intro to Business)
12th Edition
ISBN: 9780134728391
Author: Ronald J. Ebert, Ricky W. Griffin
Publisher: PEARSON
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Question
Chapter 2, Problem 2.9AE
Summary Introduction
To explain: The personal code of ethics and to decide what is right or wrong.
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What are the most important ethical considerations that managers must take into account when making business decisions, and how can they balance competing priorities and obligations to ensure that their actions align with their values?
Discuss what it means to practice good business ethics, and highlight the forces that can influence ethical decision-making.
How do the terms business ethics and social responsibility differ from each other?
Multiple Choice
Business ethics concerns the impact of the entire business's activities on society, whereas social responsibility relates to an individual's decisions that society
evaluates as right or wrong.
Business ethics is a broader concept, whereas social responsibility is a narrower concept.
Business ethics and social responsibility can be used interchangeably because they mean the same thing
Business ethics relates to an individual's or a work group's decisions that society evaluates as right or wrong, whereas social responsibility concerns the impact of
the entire business's activities on society.
Chapter 2 Solutions
Business Essentials (12th Edition) (What's New in Intro to Business)
Ch. 2 - Prob. 2.1QRCh. 2 - Prob. 2.2QRCh. 2 - Prob. 2.3QRCh. 2 - Prob. 2.4QRCh. 2 - Prob. 2.5QRCh. 2 - Prob. 2.6QACh. 2 - Prob. 2.7QACh. 2 - Prob. 2.8QACh. 2 - Prob. 2.9AECh. 2 - Prob. 2.10AE
Ch. 2 - Prob. 2.11ACh. 2 - Prob. 2.12ACh. 2 - Prob. 2.13ACh. 2 - Prob. 2.14ACh. 2 - Prob. 2.15TECh. 2 - Prob. 2.16TECh. 2 - Prob. 2.17TECh. 2 - Prob. 2.18TECh. 2 - Prob. 2.19EECh. 2 - Prob. 2.20EECh. 2 - Prob. 2.21EECh. 2 - Prob. 2.22CCh. 2 - Prob. 2.23CCh. 2 - Prob. 2.24CCh. 2 - Prob. 2.25CCh. 2 - Prob. 2.26CCh. 2 - Prob. 2.27CCh. 2 - Prob. 2.28CCh. 2 - Prob. 2.29CCh. 2 - Prob. 2.30C
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- Decribe perspective on an ethical decision as it pertains to the conduct of individuals, firms, nonprofit organizations, and government entities, including why and how you either made or supported/opposed that decision.arrow_forwardAn ethical code serves as a compass guiding individuals or organizations in their actions, ensuring they align with moral principles and values. It delineates the standards of conduct expected, emphasizing honesty, integrity, fairness, and respect for others. This code acts as a foundation for decision-making, fostering trust, accountability, and transparency within diverse contexts such as business, medicine, or academia. By adhering to an ethical code, individuals and institutions not only uphold their own reputation but also contribute to the collective welfare, promoting a harmonious and just society Question How does adherence to an ethical code contribute to fostering trust within an organization?arrow_forwardExplain the utilitarian, individualism, moral rights, justice, and practical approaches for making ethical decisions.arrow_forward
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