Business Ethics Quiz

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Questions and Answers

What is the primary focus of business ethics?

  • Examining ethical principles and moral problems in a business environment (correct)
  • Avoiding legal consequences
  • Maximizing profits at any cost
  • Competing aggressively with other businesses

Where do business ethics norms and values originate from?

  • Individuals, organizational statements, or the legal system (correct)
  • Competitors' strategies
  • Market trends
  • Social media influences

What are the two dimensions of business ethics?

  • Individual business ethics and organizational business ethics
  • Normative business ethics and descriptive business ethics (correct)
  • Profit-driven business ethics and sustainability-focused business ethics
  • Traditional business ethics and modern business ethics

What does business ethics refer to?

<p>Contemporary organizational standards, principles, sets of values, and norms governing actions and behavior in a business organization (C)</p> Signup and view all the answers

What is the primary focus of academics in understanding business behavior?

<p>Employing descriptive methods (C)</p> Signup and view all the answers

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Study Notes

Business Ethics Overview

  • Business ethics refers to the principles and standards that guide behavior in the business world.

Origins of Business Ethics Norms and Values

  • Business ethics norms and values originate from multiple sources, including laws, regulations, professional associations, customs, and moral principles.

Dimensions of Business Ethics

  • The two dimensions of business ethics are:
    • Macro-dimension: focuses on the impact of business on society as a whole
    • Micro-dimension: focuses on the internal operations of an organization

Academic Focus on Business Behavior

  • The primary focus of academics in understanding business behavior is to identify and analyze the factors that influence business decision-making and behavior.

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