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Business Ethics Essay

491 words - 2 pages

Why is business ethics important? Please select all that apply.
Question options:
| 1)  | Business has greater power and influence in society than ever before. |
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| 2)  | Business has the potential to provide a major contribution to our societies. |
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| 3)  | Business malpractices have the potential to inflict enormous harm on individuals, communities and the environment. |
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| 4)  | Business continues to violate ethics, across countries and sectors. |
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Question 2 | | 1 / 1 point |
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?
Question options:
| 1)  | In a sense, business ethics can be said to begin where the law ends. |
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| 2)  | Businesses should ...view middle of the document...

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| 3)  | provides philanthropic support for related causes (e.g. human rights). |
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| 4)  | promotes a label to certify that sex industry workers have not been exploited in the making of labelled products. |
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Question 4 | | 1 / 1 point |
Select the most correct answer. According to Case 1, McDonald's menu shift can best be characterized under the:
Question options:
| narrow conception of economic sustainability because of its interest in its own long-term economic performance |
| narrow conception of economic sustainability because of its interest in its own short-term economic performance |
| broad conception of economic sustainability because of its interest in avoiding unnecessary taxation |
| broad conception of economic sustainability because of its interest in avoiding tax fraud |
Question 5 | | 1 / 1 point |
There are clear regional differences in business ethics. Read the following statements carefully and decide which of the following is correct.
Question options:
| 1)  | In North America, the key actors in business ethics are government, trade unions and corporate associations. In Europe it is government and corporations, while in Asia it is the corporation. |
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| 2)  | In North America, the individual is responsible for ethical conduct in business, while in Asia it is social control by the collective and in Europe the responsibility lies with top management. |
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| 3)  | In North America, a formalized multiple stakeholder approach is the dominant perspective on stakeholder management. Aisa focuses on shareholder value, while Europe tends to take an implicit multiple stakeholder and benign managerialism approach. |
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| 4)  | Key issues in business ethics in Asia are corporate governance and accountability. In North America they are misconduct and immorality in single decision situations. In Europe, key issues in business ethics are social issues in organizing the framework of business. |
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