Podcast
Play an AI-generated podcast conversation about this lesson
Questions and Answers
What is the primary purpose of a business?
What is the primary purpose of a business?
- To generate profit for the individual
- To engage in morally questionable activities
- To provide goods and services to consumers (correct)
- To create a complex web of interactions among institutions
What is the focus of the branch of philosophy known as ethics?
What is the focus of the branch of philosophy known as ethics?
- The examination of morality and concepts such as good and evil (correct)
- The evaluation of economic systems and policies
- The study of business and commerce
- The analysis of human behavior in society
When did business activities emerge in human society?
When did business activities emerge in human society?
- With the emergence of trade and commerce
- In the modern era of globalization
- As old as human civilization (correct)
- With the development of industrialization
Why did people start seeking the products and services of others?
Why did people start seeking the products and services of others?
Signup and view all the answers
What was the key factor that enabled 'manufacturers' to continue supplying goods and services?
What was the key factor that enabled 'manufacturers' to continue supplying goods and services?
Signup and view all the answers
What is the primary goal of a business?
What is the primary goal of a business?
Signup and view all the answers
What is the consequence of a lack of ethics in business?
What is the consequence of a lack of ethics in business?
Signup and view all the answers
What is the role of ethics in business?
What is the role of ethics in business?
Signup and view all the answers
What is a common misconception about business ethics?
What is a common misconception about business ethics?
Signup and view all the answers
What is the benefit of ethics in business decision-making?
What is the benefit of ethics in business decision-making?
Signup and view all the answers
