Business Ethics

Question 1

corporate social responsibility

Answer 1

the concept that corporations (businesses) should be accountable for their actions and the impacts they have

Question 2

shareholders

Answer 2

people who invest in the business and trust the managers of a business to use their money wisely and make a profit for them

Question 3

Who do businesses have responsibilities to?

Answer 3

~their employees
~ their shareholders
~the stakeholders

Question 4

Milton Friedman

Answer 4

argued that the responsibility businesses have is to make a profit for the shareholders

Question 5

How do businesses try to enhance their ethical reputation?

Answer 5

by contributing to the community in a public way such as giving surplus food to food banks