Ethics in Management

Which of the following best defines business ethics?

What are the three stages of individual ethical development?

What factors determine an individual's moral and ethical development?

What is a common ethical challenge in the workplace?

What does business need to consider when making decisions?

True or false: Business ethics refers to standards of conduct and moral values regarding right and wrong actions in the work environment.

True or false: Individuals typically develop ethical standards in three stages: pre-conventional, conventional, and post-conventional.

True or false: An individual's stage in moral and ethical development is determined by factors such as family, education, culture, and religious backgrounds.

True or false: Conflict of interest is a situation in which an employee must choose between their personal interests and the interests of the company.

True or false: Businesses must consider the impact of their decisions on the environment, employees, and customers.