Ethics Test Banks 2024/2025 updated Questions And Answers 100% correct Verified

Crane and Matten define the subject of business ethics as, "The study of business situations, activities, and decisions where..."...issues of right and wrong are addressed 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?In a sense, business ethics can be said to begin where the law ends Why is business ethics important? Select all that applyBusiness has greater power and influence in society than ever before, business has the potential to provide a major contribution to our societies, business malpractices have the potential to inflict enormous harm on individuals, communities and the environment, business continues to violate ethics across countries and sectors (all of the above) Ethics rationalizes morality to produce ethical blank that can be applied to any situationtheory A sex shop might call itself ethical because it...sells sex toys made with environmentally friendly materials, uses fair trade materials in its toys and aides, provides philanthropic support for related causes, promotes a label to certify that sex industry workers have not been exploited in the making of labeled products (all of the above) Match the different types of organization with their different approaches to managing ethicsLarge corporation = formal, public-relations, and/or systems-based. Small business = informal, trust-based. Civil society organizations = informal, values-based. Public sector organization = formal, bureaucratic