Business Ethics Overview
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Questions and Answers

What percentage of the total grade is attributed to continuous assessment?

  • 15%
  • 50% (correct)
  • 25%
  • 35%

    • Which of the following is NOT a component of the grading criteria?

  • Midterm exam
  • Final exam
  • Group project presentation
  • Participation in discussions (correct)

    • What is the primary objective of the group project presentation?

  • To complete the course requirements
  • To ensure group coherence in arguments
  • To apply course concepts to real-world ethical problems (correct)
  • To assess team members' individual performance

    • How many people can form a group for the project presentation?

    <p>Up to 8</p> Signup and view all the answers

    What is the total percentage covered by the midterm exam?

    <p>35%</p> Signup and view all the answers

    Which topic is NOT covered in the first half of the sessions?

    <p>CSR conceptual bases</p> Signup and view all the answers

    What do students need to diagnose in their group project?

    <p>Underlying mechanisms causing ethical problems</p> Signup and view all the answers

    Which session covers 'Business and its internal constituents'?

    <p>Session 5</p> Signup and view all the answers

    What is the main focus of the course on Business Ethics?

    <p>The definition and role of ethics in business</p> Signup and view all the answers

    Which philosophical approach is emphasized in the Business Ethics course?

    <p>All of the above</p> Signup and view all the answers

    Which of the following objectives is NOT included in the course?

    <p>Learning advanced accounting practices</p> Signup and view all the answers

    What is the expected outcome concerning ethical dilemmas in the workplace?

    <p>Students will learn to address ethical dilemmas effectively</p> Signup and view all the answers

    Which topic is NOT covered in the initial sessions of the course?

    <p>Government regulations in marketing</p> Signup and view all the answers

    How does the course suggest students should view corporate social responsibility?

    <p>A vital aspect of ethical business practices</p> Signup and view all the answers

    What background do students need to effectively engage in the course material?

    <p>Understanding of business ethics theories</p> Signup and view all the answers

    What is the nature of the course's grading policy?

    <p>Evaluated through group presentations and participation</p> Signup and view all the answers

    What has been identified as a significant market segment for Shein?

    <p>Generation Z consumers</p> Signup and view all the answers

    What was a key finding of the investigation conducted by Public Eye regarding Shein's suppliers?

    <p>Employees worked excessive overtime.</p> Signup and view all the answers

    How many new items did Shein introduce in 2020, according to the report?

    <p>150,000</p> Signup and view all the answers

    What type of pressure did David Hachfeld of Public Eye claim staff experienced?

    <p>Enormous pressure to complete tasks quickly</p> Signup and view all the answers

    What is the primary focus of business ethics?

    <p>The examination of moral standards in business</p> Signup and view all the answers

    What is suggested as a reason for long working hours at Shein's suppliers?

    <p>Workers being paid per item produced</p> Signup and view all the answers

    What is one potential benefit for a company from unethical behavior, as discussed?

    <p>Increased market share</p> Signup and view all the answers

    Which characteristic is NOT associated with moral standards?

    <p>Established by authority figures</p> Signup and view all the answers

    How do humans begin to distinguish moral from nonmoral norms?

    <p>Innately from the age of three</p> Signup and view all the answers

    What is one argument against the necessity of business ethics?

    <p>In a free market, profit pursuit guarantees maximum social benefit.</p> Signup and view all the answers

    What is the maximum working week set by local labor laws that Shein's suppliers are violating?

    <p>40 hours</p> Signup and view all the answers

    Which of the following was the reaction of Shein to the findings from the Public Eye report?

    <p>They stated they would review the report.</p> Signup and view all the answers

    What type of ethical question addresses the societal systems within which companies operate?

    <p>Systemic ethical questions</p> Signup and view all the answers

    According to one view, who holds the primary moral responsibility for corporate actions?

    <p>The managers and employees who execute actions of the corporation.</p> Signup and view all the answers

    What is ethical relativism in the context of business ethics?

    <p>The view that no single ethical standard is absolutely true for all cultures or companies.</p> Signup and view all the answers

    Which of the following statements about morality is true?

    <p>Moral norms apply everywhere, regardless of authority.</p> Signup and view all the answers

    What is a supporting argument for the relevance of business ethics?

    <p>Ethics is crucial for business survival and customer trust.</p> Signup and view all the answers

    What distinguishes business ethics from general ethics?

    <p>Business ethics focuses specifically on moral standards in business contexts.</p> Signup and view all the answers

    Which of these statements reflects a common perception about the relationship between ethics and profits?

    <p>Studies indicate that ethical practices can contribute to profits.</p> Signup and view all the answers

    Which aspect of ethics refers to the personal decisions and behavior of an individual?

    <p>Individual ethical questions</p> Signup and view all the answers

    What was Shein's revenue in 2022?

    <p>$22.7 billion</p> Signup and view all the answers

    Study Notes

    Course Overview

    • Dr. Antonina Lisovskaia holds a Post-doctorate from the University of Barcelona and a PhD in Economics.
    • Course focus: Business ethics, grading policy, and participation valued for discussions.

    Session Topics

    • Introduce ethics and business, exploring moral decision-making approaches and government-market interactions.
    • Discuss ecological considerations, consumer relations, employee issues, and CSR conceptual bases.
    • Conclude with a course summary and group presentations.

    Course Objectives

    • Understand ethics' role in business, including moral values and issues within organizational environments.
    • Evaluate corporate social responsibility (CSR) relevance to ethical business practices.

    Learning Outcomes

    • Recognize importance of ethical theories and frameworks in business.
    • Enhance skills to address ethical dilemmas in workplace settings.

    Grading Policy

    • Continuous assessment accounts for 50%, midterm exam 35%, group presentation 15%, with a total of 100% for the course.
    • Midterm designed to test comprehension of readings and class discussions.

    Group Assignment

    • Teams (up to 8) analyze ethical problems in a chosen organization, using various secondary sources for information.
    • Focus on diagnosing underlying issues causing ethical concerns.

    Understanding Ethics

    • Ethics involves principles that define right and wrong behavior.
    • Moral standards are characterized by significant impacts, independence from authority, and impartiality.
    • Distinction between morality and law highlighted by moral norms being innate human understandings.

    Business Ethics

    • Specifically examines moral standards within business settings, judging their implications for operations and conduct.

    Ethical Questions

    • Systemic ethical inquiries target social, political, and economic business contexts.
    • Corporate ethical issues focus on specific organizational policies and impacts.
    • Individual ethical considerations address personal decisions and character.

    Case Study: Shein

    • Shein, a fast-fashion brand, reached $22.7 billion in revenue in 2022, with significant online engagement.
    • Investigations revealed poor working conditions, including workers doing excessive overtime under immense pressure.

    Business and Ethics Perspectives

    • Ethical perspectives on corporations range from viewing them as responsible entities to questioning the attribution of ethical qualities.
    • Arguments against business ethics suggest profit maximization supersedes ethical considerations and legal compliance suffices.
    • Support for business ethics includes its essential role in human activities, sustainable business practices, and the correlation between ethics and profitability.

    Important Concepts

    • Ethical relativism claims no universal ethical standards exist across societies, stressing the subjective nature of ethics in business.

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    Description

    Explore the fundamental concepts of business ethics and its importance in organizational behavior. This quiz covers various aspects of ethical decision-making in the workplace. Perfect for students and professionals aiming to enhance their understanding of ethical practices.

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