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What is emphasized as the foundation of good ethical practices in a business?

Profit maximization

Social benefits contribution

Stakeholder satisfaction

Goals and intentions framing (correct)

How does the text suggest unethical decisions can sometimes arise in a business?

By contributing to social benefits

By focusing on stakeholder satisfaction

Through profit maximization at any cost (correct)

By starting with clear goals and intentions

What does the text imply about the long-term profitability of ethical businesses?

They may seem to lose money in the short term (correct)

They are always more profitable than unethical businesses

They prioritize profit over ethics

They are never profitable

What is the consequence of unethical business practices?

A bad business Signup and view all the answers

In what situation does the text suggest that ethics might surpass legal regulations?

When societal protection is at stake Signup and view all the answers

What is highlighted as a key aspect of decision-making for the future of an organization in the text?

Moral values guiding decisions Signup and view all the answers

What is the main explanation for unethical practices in some businesses according to the text?

Desire for immediate satisfaction in society Signup and view all the answers

How does a positive image of a company affect its operations, as per the text?

Results in higher profits and better services to customers Signup and view all the answers

What are some examples of unethical practices mentioned in the text?

Dishonest advertising and low-quality products Signup and view all the answers

How does the pursuit of profit relate to morality as discussed in the text?

It is advantageous and moral, allowing individuals to flourish Signup and view all the answers

Why is consumer trust important for business organizations based on the text?

It can bring many benefits to the business Signup and view all the answers

What is the main focus of ethics in business?

Determining right and wrong within organizations Signup and view all the answers

What does the concept of profit entail for Christians according to the text?

Emphasizing honesty, integrity, and fair business practices Signup and view all the answers

According to Urwick and Hunt, how do they define business?

A venture that provides services the community needs and is willing to pay for Signup and view all the answers

What is one of the basic human needs that ethics in business aims to satisfy?

Being fair, honest, and ethical Signup and view all the answers

Why is an ethical business highly respected in society?

For being propelled by moral values Signup and view all the answers

Which of the following best represents the importance of ethics when the law falls short?

Preventing societal and environmental harm Signup and view all the answers

What characteristic of business did Urwick and Hunt emphasize in their definition?

Optimal utilization of resources Signup and view all the answers

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Questions and Answers

What is emphasized as the foundation of good ethical practices in a business?

How does the text suggest unethical decisions can sometimes arise in a business?

What does the text imply about the long-term profitability of ethical businesses?

What is the consequence of unethical business practices?

In what situation does the text suggest that ethics might surpass legal regulations?

What is highlighted as a key aspect of decision-making for the future of an organization in the text?

What is the main explanation for unethical practices in some businesses according to the text?

How does a positive image of a company affect its operations, as per the text?

What are some examples of unethical practices mentioned in the text?

How does the pursuit of profit relate to morality as discussed in the text?

Why is consumer trust important for business organizations based on the text?

What is the main focus of ethics in business?

What does the concept of profit entail for Christians according to the text?

According to Urwick and Hunt, how do they define business?

What is one of the basic human needs that ethics in business aims to satisfy?

Why is an ethical business highly respected in society?

Which of the following best represents the importance of ethics when the law falls short?

What characteristic of business did Urwick and Hunt emphasize in their definition?

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