Module 1

Question 1

A code of moral standards of conduct for what is “good” and “right” as opposed to what is “bad” or “wrong”.

Answer 1

Ethics

Question 2

That which is “right” or “good” in the context of governing moral code. It is value driven

Answer 2

Ethical Behavior

Question 3

involves applying general ethical principles and standards to business activities, behavior and decisions

Answer 3

Business Ethics

Question 4

____________ in business are not different from ethical principles in general

Answer 4

Ethical Principles

Question 5

are judged By general ethical standards of society Not by more permissive standards

Answer 5

Business Actions

Question 6

Broad beliefs about what is appropriate behavior

Answer 6

Values

Question 7

Preferences about desired end states

Answer 7

Terminal Values

Question 8

Preferences regarding the means to desired ends

Answer 8

Instrumental Values

Question 9

Reasons for various ethical practices

Answer 9

Moral Reasoning

Question 10

Suggest that there is no one right way to behave; cultural context determines ethical behavior

Answer 10

Cultural Relativism

Question 11

Everyone has the right to freedom of thought, conscience, and religion

Answer 11

Article 18

Question 12

Everyone has the right to freedom of opinion and expression

Answer 12

Article 19

Question 13

Everyone has the right to work, to free choice of employment, to just and favorable conditions of work

Answer 13

Article 23

Question 14

Everyone has the right to education

Answer 14

Article 26

Question 15

Same standards of what is right and what is wrong are universal and transcend most
cultures, societies, and religions

Answer 15

school of ethical universalism

Question 16

What is ethical or unethical must be judged in light of local moral standards and can vary from one country to another

Answer 16

school of ethical relativism

Question 17

According to the ___________, the ethical standards a company should try to uphold are governed by both

Answer 17

integrative social contracts theory

Question 18

All human beings are born free and equal in dignity and right

Answer 18

Article 1