9 Questions
Define ethics.
Ethics is a code of behavior defined by the group to which an individual belongs.
What are morals?
Morals are the personal principles upon which an individual bases decisions about right and wrong.
Explain the concept of virtues and vices.
A virtue is a habit that inclines people to do what is acceptable, while a vice is a habit of unacceptable behavior.
What is corporate social responsibility (CSR)?
CSR is the concept that an organization should act ethically by taking responsibility for the impact of its actions on various stakeholders.
Explain supply chain sustainability.
Supply chain sustainability is a component of CSR that focuses on developing and maintaining a supply chain meeting present needs without compromising future generations.
Define a stakeholder.
A stakeholder is someone who stands to gain or lose depending on how a particular situation is resolved.
What role does a corporate ethics officer play?
A corporate ethics officer provides an organization with vision and leadership in the area of business conduct.
How do ethics and morals differ?
Ethics are group-defined codes of behavior, while morals are personal principles for decision-making.
Why is it important for organizations to consider CSR?
Organizations should consider CSR to act ethically and take responsibility for their impact on stakeholders.
Explore the difference between ethics and morals in this quiz. Learn how ethical behavior is shaped by society's norms while morals are based on personal principles.
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