Chapter Four BUSI 1301
Which of the following statements is true of ethics?
Actions that are completely legal can still be unethical.
_____ is a widely accepted social movement that supports a buyer's right to be informed, to be safe, to choose, and to be heard.
Consumerism
Which of the following is a duty of a socially responsible organization toward its customers?
Following laws that prevent anticompetitive behavior such as predatory pricing
Which of the following is a difference between corporate philanthropy and corporate responsibility?
Unlike corporate philanthropy, corporate responsibility focuses on the actions of the business itself rather than donations.
In the context of business ethics, _____ involves clear misconduct, unlike an ethical dilemma that involves a conflict of values.
an ethical lapse
One of the ways by which companies can show their responsibility toward the environment is by reducing their _____.
carbon footprint
In the context of universal ethical standards, being open-minded and not taking advantage of others exemplifies the core value of _____.
fairness
In the context of codes of ethics, the purpose of a written code is to:
give employees the information they need to make ethical decisions across a range of situations.
Universal ethical standards can solve the problem of too many people viewing ethics as _____.
relative
Ethics refer to:
sets of beliefs about right and wrong.
The obligation of a business to contribute to society is referred to as _____.
social responsibility
In the context of social responsibility, _____ include employees and investors who have a personal interest in the performance and actions of an organization.
stakeholders