BUSINESS ETHICS WEEK 1

According to your textbook, globalization as defined in terms of the deterritorialization of economic activities is particularly relevant for business ethics, and this is evident in three areas – culture, law, and ______________.

• accountability
• politics
• economics
• business

The law can be said to be a definition of the minimum acceptable standards of behaviour, with many morally contestable issues not covered by the law. What does this imply for business ethics?

• Businesses should prevent laws from being enacted so as to give themselves maximum freedom to act.
• Business ethics is about uncovering the definitive answer to business ethics problems in the absence of guidance from the law
• In a sense, business ethics can be said to begin where the law ends.
• all of the above.

The Triple Bottom Line concept focuses on economic, social, and environmental performance, the key elements of:

• sustainability
• growth
• corporate social responsibility
• corporate social responsiveness

The following sentence describes the relationship between morality, ethics and ethical theory. Fill in the missing word. Ethics rationalizes morality to produce ethical _______ that can be applied to any situation.

• practice
• law
• philanthropy
• theory

 ________ is defined as a community, a nation, or a broad grouping of people with common traditions, values, institutions, and collective activities and interests.

• Family
• Society
• Culture
• Environment

A pluralistic society:

• minimizes freedom of expression and action
• helps diverse institutions to unify and bring together their individual pursuits
• prevents group goals from overlapping and lets organizations perform their functions efficiently
• prevents power from being concentrated in the hands of a few

The general belief that someone is owed a job, an education, a living wage, or health care just because he or she is a member of society is known as the:

• Encampment mentality
• Entitlement mentality
• Debasement mentality
• Detriment mentality

Who or which of the following is arguably the most important external stakeholder?

• Business owners
• Community members
• Consumers
• The government