Business Ethics Summative Test

Front

It is an activity that is part and parcel of human society.

Back

Business

Front

He argues that “the enterprise is an organ of society, and its actions have a decisive impact on the social scene.”

Back

Peter Drucker

Front

It came from the two Greek words Philos which means love and Sophia which means wisdom.

Back

Philosophy

Front

Studies the truth to be known.

Back

Theoretical or Speculative Philosophy

Front

It refers to the quality of goodness or badness in a human act.

Back

Morality

Front

A philosophical science that studies the morality of human acts.

Back

Ethics

Front

A noted economist says that the only responsibility of business is to make profit so long as it stays within the rules of the game.

Back

Milton Friedman

Front

It claims that when any two cultures or any people hold different moral values of an action, both can be right.

Back

Ethical Relativism

Front

Studies truths to be acted upon.

Back

Practical Philosophy

Front

It is a process in which ethical issues and problems are benchmarked against a moral standard so that moral judgement is made possible.

Back

Moral Reasoning