5 Questions
What is the primary focus of business ethics?
Examining ethical principles and moral problems in a business environment
Where do business ethics norms and values originate from?
Individuals, organizational statements, or the legal system
What are the two dimensions of business ethics?
Normative business ethics and descriptive business ethics
What does business ethics refer to?
Contemporary organizational standards, principles, sets of values, and norms governing actions and behavior in a business organization
What is the primary focus of academics in understanding business behavior?
Employing descriptive methods
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.
Test your knowledge of business ethics with this quiz! Explore ethical principles and moral dilemmas that arise in a corporate environment. Assess your understanding of individual and organizational conduct in business, and delve into the foundations of corporate ethics.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
