Podcast
Questions and Answers
What is emphasized as the foundation of good ethical practices in a business?
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?
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?
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?
What is the consequence of unethical business practices?
In what situation does the text suggest that ethics might surpass legal regulations?
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 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?
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?
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?
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?
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?
Why is consumer trust important for business organizations based on the text?
What is the main focus of ethics in business?
What is the main focus of ethics in business?
What does the concept of profit entail for Christians according to the text?
What does the concept of profit entail for Christians according to the text?
According to Urwick and Hunt, how do they define business?
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?
What is one of the basic human needs that ethics in business aims to satisfy?
Why is an ethical business highly respected in society?
Why is an ethical business highly respected in society?
Which of the following best represents the importance of ethics when the law falls short?
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?
What characteristic of business did Urwick and Hunt emphasize in their definition?
