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Questions and Answers
What is the primary focus of business ethics?
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?
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?
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?
What does business ethics refer to?
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What is the primary focus of academics in understanding business behavior?
What is the primary focus of academics in understanding business behavior?
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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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Description
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.
