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Questions and Answers
What is business ethics about?
What is business ethics about?
- Analyzing ethical decision-making in commerce
- Escaping moral obligations in commerce
- Making money in commerce
- Treating people and their businesses with respect (correct)
What does the text say about failing to treat people and their businesses with respect?
What does the text say about failing to treat people and their businesses with respect?
- It is both a moral and market failure (correct)
- It is a normative behavior
- It is a market failure
- It is a moral failure
What does business ethics evaluate?
What does business ethics evaluate?
- Individual and corporate behavior (correct)
- Political and economic systems
- Managerial practices
- All of the above
What are the three levels at which ethical decision-making is analyzed in commerce according to the text?
What are the three levels at which ethical decision-making is analyzed in commerce according to the text?
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Is business ethics only descriptive or both descriptive and normative?
Is business ethics only descriptive or both descriptive and normative?
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Study Notes
Business Ethics Overview
- Business ethics is concerned with treating people and their businesses with respect.
Importance of Respect
- Failing to treat people and their businesses with respect can lead to negative consequences.
Ethical Evaluation
- Business ethics evaluates the actions and decisions of businesses and their impact on stakeholders.
Levels of Ethical Decision-Making
- Ethical decision-making in commerce is analyzed at three levels:
- Micro level: individual decision-making
- Meso level: organizational decision-making
- Macro level: societal and environmental impact
Nature of Business Ethics
- Business ethics is both descriptive (describing what is) and normative (prescribing what should be).
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Description
Test your knowledge on business ethics and corporate social responsibility with this quiz by Nguyen Hong Hanh (PhD.). Explore the importance of ethical practices in commerce and how they relate to human relationships and organizations.
