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Questions and Answers
What does business ethics primarily examine?
What does business ethics primarily examine?
- Employee satisfaction in a business environment
- Ethical principles and moral problems in a business environment (correct)
- Marketing strategies in a business environment
- Financial challenges in a business environment
Where do business ethics originate from?
Where do business ethics originate from?
- Competitor actions
- Market trends
- Historical events
- Individuals, organizational statements, or the legal system (correct)
What do business ethics refer to?
What do business ethics refer to?
- Contemporary organizational standards, principles, sets of values, and norms (correct)
- Financial projections
- Historical organizational practices
- Marketing techniques
What are the two dimensions of business ethics?
What are the two dimensions of business ethics?
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As a corporate practice and a career specialization, what is the primary nature of the field of business ethics?
As a corporate practice and a career specialization, what is the primary nature of the field of business ethics?
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Study Notes
Business Ethics Overview
- Business ethics examines moral principles and standards that guide behavior in the business environment.
- Originates from philosophical ethics and the need for corporate accountability and social responsibility.
- Refers to the ethical dilemmas and decision-making processes faced by businesses, covering practices, policies, and corporate culture.
Dimensions of Business Ethics
- Two primary dimensions include:
- Individual Ethics: Focuses on personal values, beliefs, and decision-making.
- Organizational Ethics: Encompasses corporate policies, stakeholder responsibilities, and ethical compliance.
Nature of Business Ethics Field
- Functions as both a corporate practice and a career specialization.
- Involves developing ethical frameworks, conducting training, and ensuring adherence to ethical standards across organizations.
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