Podcast
Questions and Answers
Which of the following BEST defines business ethics?
Which of the following BEST defines business ethics?
- The enduring beliefs and ideals that are socially enforced within a community.
- Rules and boundaries for behavior that must not be violated.
- A person's individual beliefs about right and wrong.
- Organizational principles, values, and norms that guide behavior in business. (correct)
What distinguishes 'morals' from 'business ethics'?
What distinguishes 'morals' from 'business ethics'?
- Morals are specific rules, whereas business ethics are broad principles.
- Morals are societal norms, while business ethics are individual philosophies.
- Morals are enforced, but business ethics are only suggested.
- Morals are personal philosophies, while business ethics are organizational principles. (correct)
Which of the following is the BEST example of a business principle?
Which of the following is the BEST example of a business principle?
- An individual decides it is unethical to cheat on a test.
- A restaurant manager makes sure food is prepared hygienically.
- A company values teamwork to complete projects.
- A company ensures freedom of speech within its workplace. (correct)
How are 'values' BEST described in the context of business ethics?
How are 'values' BEST described in the context of business ethics?
A company chooses to use only sustainable materials in their products; which of the following does this BEST represent?
A company chooses to use only sustainable materials in their products; which of the following does this BEST represent?
Which scenario BEST demonstrates business ethics in practice?
Which scenario BEST demonstrates business ethics in practice?
How does a company's corporate culture usually influence its ethical standards?
How does a company's corporate culture usually influence its ethical standards?
Which of these is MOST accurately described as a personal moral decision?
Which of these is MOST accurately described as a personal moral decision?
Flashcards
Morals
Morals
Personal beliefs about what is right or wrong, guiding individual actions.
Business Ethics
Business Ethics
Principles, values, and norms that shape behavior within a business context.
Principles in Business Ethics
Principles in Business Ethics
Specific boundaries for behavior that shouldn't be crossed. Often form the basis for rules.
Values in Business Ethics
Values in Business Ethics
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Ethics
Ethics
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Business Ethics Guidelines
Business Ethics Guidelines
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Restaurant Manager Example
Restaurant Manager Example
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Clothing Store Example
Clothing Store Example
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Study Notes
Business Ethics Overview
- Business ethics encompasses organizational principles, values, and norms.
- These principles can originate from individuals, organizational statements, or legal systems.
- They guide individual and group behavior in business.
- Principles act as boundaries for behavior that should not be violated.
- Values are enduring beliefs and ideals that society enforces.
- Morals are a person's personal philosophy of right and wrong.
Business Ethics and Philosophy
- Business ethics are guidelines for workplace conduct.
- Examples include ensuring food safety in a restaurant or paying fair wages.
- Morals are personal beliefs regarding right and wrong.
- Examples include not cheating on a test or standing up for a friend.
- Principles are rules or boundaries for behavior.
- Examples include freedom of speech and treating everyone equally.
Ethics Defined
- Ethics are defined by a group's values and morals.
- Within a corporate culture, rules and regulations determine right and wrong.
- Right and wrong behavior is defined by the group's established standards.
Examples of Business Ethics
- A restaurant manager prioritizes food safety, even if shortcuts save time.
- A clothing store pays employees fair wages, despite potential higher profits.
- Choosing not to cheat on a test because it's unjust.
- Standing up for a friend who's being bullied.
- Freedom of speech is a principle.
- Treating everyone equally is a principle.
- Teamwork and responsibility are values.
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