Ethics Superb Mastery.

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 apply Business 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 situation theory 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 ethics Large corporation = formal, public-relations, and/or systems-based. Small business = informal, trust-based. Civil society organizations = informal, values-based. Public sector organization = formal, bureaucratic According to Crane and Matten, globalization as defined in terms of the deterritorialization of economic activities is particularly relevant for business ethics, and this is evident in three areas: culture, law, and blank accountability There are clear regional differences in business ethics. Read the following statements and decide which of the following is correct