Chapter 2

Question 1

The discipline dealing with what is good and bad, right and wrong, or with moral duty and obligation.

Answer 1

Ethics

Question 2

The implied, enforced, or felt
obligation of managers, acting in their official capacity, to serve or protect the interests of groups other than themselves.

Answer 2

Corporate Social Responsibility

Question 3

focuses on the possible future impact of an organization on society, including social welfare, the economy, and the environment.

Answer 3

Corporate Sustainability

Question 4

ascertain social, cultural, legal, and other economic limitations and safeguard the interest of parties involved.

Answer 4

Business Ethics

Question 5

Examples of Business Ethics

Answer 5

-being transparent
-customer needs should be prioritized
-workplace diversity
-respecting customer information

Question 6

The organization works as a separate legal entity with certain moral and ethical obligations.

Answer 6

Corporate Responsibility

Question 7

Making profits should not be at the cost of society.

Answer 7

Social Responsibility

Question 8

have been a common practice where businesses work towards environmental protection, social causes, and spreading awareness.

Answer 8

corporate social responsibilities (CSR)

Question 9

Employees are expected to act responsibly
with honesty, diligence, punctuality, and willingness to perform excepted duties. Individuals should settle dues in time and avoid criminal acts.

Answer 9

Personal Responsibility

Question 10

types of business ethics (responsibility)

Answer 10

-Corporate Responsibility
-Social Responsibility
-Personal Responsibility

Question 11

types of business ethics

Answer 11

-Technology Ethucs
-Fairness
-Trustworthiness and Transparency

Question 12

includes customer-privacy, personal information, and intellectual property fair practices.

Answer 12

Technology Ethics

Question 13

Favoritism is highly unethical. Every individual possesses certain personal bias. But at the workplace, personal beliefs and biases
should not affect decision-making.

Answer 13

Fairness

Question 14

Businesses should maintain transparency in business practices and financial reports

Answer 14

Trustworthiness and Transparency

Question 15

is to proactively seek opportunities to make a positive contribution to society beyond profitability, compliance and business ethics. ; have a responsibility to understand broad stakeholder needs and to address societal concerns though their business practices.

Answer 15

Discretionary responsibilities

Question 16

requires organizations to consider social and environmental impacts of their operations and, as far as possible, to do no harm while pursuing business interests.

Answer 16

Ethical responsibilities

Question 17

requires that organizations operate within the law at all locations in which they do business.

Answer 17

Legal responsibilities

Question 18

is to deliver an acceptable return for shareholders (while contributing to local and global economies through their core business).

Answer 18

Economic responsibilities

Question 19

Carrol’s Pyramid of Corporate Social Responsibility

Answer 19

-Discretionary responsibilities
-Ethical responsibilities
-Legal responsibilities
-Economic responsibilities