Ethics and Business Quiz

(a)   are principles of right and wrong that govern personal, professional, and organizational conduct.

(a)   is a situation where no available option seems ethically acceptable.

__________ refers to a business strategy that adheres to accepted ethical norms and standards.

__________ is the idea that companies should consider the social consequences of their actions.

(a)   involves pursuing strategies that meet current needs without harming the ability of future generations to meet theirs.

The __________ argues that a firm’s only responsibility is to maximize profits while staying within legal boundaries.

The __________ approach claims businesses should follow the ethical norms of the host country, regardless of home-country standards.

The (a)   principle states that people should be treated as ends in themselves, not merely as tools for profit.

The (a)   says that we should evaluate business decisions based on the overall balance of good versus harm they create.

In Rawls' __________, people must design a fair system without knowing their own position in society.