Unit 15

ETHICAL STANDARD

• A rule for morally correct behavior in a specific area

• doing things that are morally right

• A choice between two actions that might both be morally wrong

• Standards of business behavior that promote human welfare and “the good’’

BUSINESS ETHICS

• A choice between two actions that might both be morally wrong

• doing things that are morally right

• Standards of business behavior that promote human welfare and “the good’’

• A rule for morally correct behavior in a specific area

ETHICAL BEHAVIOR

• •  doing things that are morally right, such as fair trade practices, let me illustrate you with an example:

• Standards of business behavior that promote human welfare and “the good’’

• •  a choice between two actions that might both be morally wrong

• doing things that are morally right

 What example of strategic philanthropy is mentioned in the reading 2?

• Financial institutions supporting arts and culture.

• Pharmaceutical companies funding health and wellness programs.

• Technology companies providing scholarships for artists.

• Retail companies donating surplus goods to food banks.

In reading 2, how does Hindery view contributions that are purely selfish in intent?

• He sees them as acceptable under certain circumstances.

• He believes they undermine the principles of good corporate citizenship.

• He argues they are the best way to boost a company’s brand.

• He considers them a necessary part of strategic philanthropy.

Which model aims to create social wealth?

• Shareholder model

• Stakeholder model

Ethical dilemma

• • doing things that are morally right, such as fair trade practices

• • a choice between two actions that might both be morally wrong

• Standards of business behavior that promote human welfare and “the good’’

• I don't know

What is "greenwasing"?

• raise awareness of people about environment

• is the process of conveying a false impression or misleading information about how a company’s products are environmentally sound.

• protect the environment, reduce climate change

•  is when a company gives a false or misleading impression that its products are eco-friendly. It happens when businesses make claims without proof to trick consumers into thinking their products are better for the environment than they really are.

Milton Friedman supported stakeholder model

• True

• False

• No, he supported both shareholder and stakeholder models

According to Leo Hindery Jr., what is the primary concern about corporate social responsibility initiatives today?

• They are not well-funded.

• They often serve as promotional tools rather than genuine acts of philanthropy.

• They are entirely ineffective in benefiting communities

• They focus too much on satisfying shareholders