Business Ethics and Social Responsibility

What do "Values" primarily convey in the context of ethics?

• What is right

• What is good

• How to achieve goals

• Reasons for being

What is the main role of "Principles"?

• To define what is good

• To give life to values and principles

• • To generate profit

• To outline how values may or may not be achieved

In the context of ethics, what does "Purpose" signify?

• The pursuit of wealth

• Controversial issues

• Your reason for being

• A set of strict rules

How is Business Ethics defined?

• An applied ethics consisting of written and unwritten codes that govern decisions and actions within an organization.

• A set of legal regulations for commerce.

• A strategy focused on maximizing financial gains at all costs.

• The study of consumer behavior in the marketplace.

What is the core meaning of "Social Responsibility" for individuals and companies?

• Prioritizing personal gain above all societal concerns.

• A duty to act in the best interest of their environment and society as a whole.

• Solely focusing on internal employee well-being.

• Adhering strictly to minimal legal requirements only.

The two main types of business entities are For-Profit Entities and (a)   Organization.

"A certain business does not just exist for profit only, it should also exist and consider their corporate social (a)   ."

Values, Principles, and Purpose are key components of (a)   .

"There is no business aims to be (a)   ."

Social Responsibility means that individuals and companies have a duty to act in the best of their (a)   and society as a whole.