CH1 - Relationship between Business and Society

Question 1

some of the business responsibilities

Answer 1

• meeting humanity’s needs without harming future generations
• CSR moving beyond being a public relations exercise
• demanding accountability beyond economics
• responses to social, ethical and environmental responsibilities are a valuable asset
• executives need the skills to manage these extra responsibilities
• these responses determine what corps survives

Question 2

integrity in business def

Answer 2

appropriateness of a corp’s behaviour and its adherence to moral guidelines acceptable to society

Question 3

business ethics def

Answer 3

Ethics exist throughout society and are not
unique to business. When referring to business
ethics, what is meant is the ethics that apply to business. It does not mean there is a special kind of ethics peculiar to business and not applicable elsewhere in life.

Question 4

responsible corporation def