Business Ethics

Which isn't a reason why business ethics are important?

• The power and influence of business means it has the potential to inflict harm on society

• Ethical companies are more likely to achieve government funding and local funds

• The continued occurrence of ethical infractions shows it's needed

• Ethical companies have been found to be more effective performers

Tags

CCSS.RI.1.1

CCSS.RI.1.8

What are ethical theories?

• Ethical theories are the rules and principles that determine right and wrong for any given situation

• Ethical theories are the conduct that should be followed in order to have good ethical practices

• Ethical theories are ancient hypothesis' on how to create good business practice

• Ethical theories give guidelines on how to achieve a good corporate image

Tags

CCSS.RI.1.1

CCSS.RI.1.2

What is business ethics?

• Defined as decisions that organizations make on issues that could be considered right or wrong

• Ethics that can be applied to an organization's practices

• The study of business situations, activities and decisions where issues of right and wrong are addressed

• Ethical processes businesses use in order to achieve a good ethical standard

Tags

CCSS.RI.1.1

CCSS.RI.1.2

A system of moral principles or rules of conduct relating to human behavior.

• Ethical dilemmas

• Reputation

• Guilt

• Code of Ethics

Tags

CCSS.L.1.4A

CCSS.RI.1.2

CCSS.RI.1.4

Problems involving conflict between moral imperatives

• Ethical dilemmas

• Reputation

• Honesty

• Scruples

Tags

CCSS.RI.1.3

Lacking moral principles.

• Ethical Dilemmas

• Unethical

• Values

• Reputation

____ are principles of morality or rules of conduct.

• Customs

• Traditions

• Cultures

• Ethics

Tags

CCSS.L.1.4A

CCSS.L.1.5B

CCSS.RI.1.4

Employees need only obey written work rules

• True

• False

Tags

CCSS.RI.1.1

CCSS.RI.1.2

CCSS.SL.1.2

Which of the following is an advantage to a business for being socially responsible

• Monetary costs of Being Socially Responsible

• Enhanced Company Image

• Extra Time Spent on Program or Event Organization

• Negative Corporate Reputation

Tags

CCSS.RI.1.1

CCSS.RI.1.2

CCSS.RI.1.8

A set of rules for guiding the actions of employees or members of an organization.

• Code of Ethics

• Social Responsibility Policy

• Mission Statement

• Corporate Ethics