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.