6 - Business Ethics

Question 1

Standards of moral conduct and judgment in business

Answer 1

Business ethics

Question 2

An area of corporate responsibility where businesses are legally & socially obligated to conduct business in an ethical manner

Answer 2

Business ethics

Question 3

One of the specific purposes of business ethics is —

Answer 3

Assist business world in formulating codes of conduct

Question 4

Covers all conduct, behavior, and judgment in business

Answer 4

Business ethics

Question 5

Actions not forbidden by law are

Answer 5

ethical

Question 6

Achieving success solely by offering better products & services; form of business competition where success is gained by the merits of one’s goods/services.

Answer 6

Business competition

Question 7

Business has impact on society through wages, materials, an prices it charges its customers.

Answer 7

Economic Impact

Question 8

Contributes to the ethical climate of society; if businesses engage in fraud and breach, ethics of society will suffer.

Answer 8

Social Impact

Question 9

Key are of business influence in society

Answer 9

Environmental Impact

Question 10

Although manager is expected to act in the best interest of the business, he cannot be expected to act in a manner contrary to the law or to his conscience.

Answer 10

Impact on Business Managers

Question 11

Emphasized the conflict between ethics and the pursuit of profit.

Answer 11

Ethical Challenges in Today’s World

Question 12

Ethical Challenges in Today’s World was written by

Answer 12

Ms. Mercedes B. Suleik on Feb. 13, 2018