5 Questions
Explain the concept of business ethics.
Business ethics is a form of applied ethics or professional ethics that examines ethical principles and moral problems that can arise in a business environment. It applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations.
What are the two dimensions of business ethics?
Business ethics have two dimensions: normative business ethics and descriptive business ethics. Normative business ethics refers to contemporary organizational standards, principles, sets of values, and norms that govern the actions and behavior of an individual in the business organization. Descriptive business ethics involves academics attempting to understand business behavior through descriptive methods.
What are the origins of business ethics?
Business ethics can originate from individuals, organizational statements, or the legal system. These norms, values, ethical, and unethical practices are the principles that guide a business.
How is business ethics relevant to business conduct?
Business ethics applies to all aspects of business conduct and is relevant to the conduct of individuals and entire organizations. It sets the standards and principles that guide the actions and behavior within a business organization.
What is the primary focus of business ethics as a corporate practice and career specialization?
The primary focus of business ethics as a corporate practice and career specialization is primarily normative. It involves understanding and applying contemporary organizational standards, principles, sets of values, and norms that govern the actions and behavior of individuals in the business organization.
Test your knowledge of business ethics with this quiz! Explore ethical principles and moral dilemmas that can occur in a business environment. Assess your understanding of the ethical conduct expected from individuals and organizations, and learn how these ethics shape corporate behavior.
Make Your Own Quizzes and Flashcards
Convert your notes into interactive study material.
Get started for free
