corporate responsability and ethics

Question 1

What is corporate responsibility?

Answer 1

Actions by a company that contribute positively to society while achieving business goals

Question 2

What are the ethical principles?

Answer 2

1. Moral principle: Follow accepted standards.
2. Utilitarianism: Best outcome for most people.
3. Human rights: Respect individual rights.
4. Individualism: Long-term self-interest.

Question 3

What are the three perspectives on ethical corporate actions?

Answer 3

1. Mission-driven: Based on company values.
2. Customer-driven: Meets ethical consumer needs.
3. Strategic alignment: Integrates responsible practices into strategy.

Question 4

What is ethical relativism?

Answer 4

Adjusting ethical decisions based on the local cultural context.