by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
[cite] Back to: BUSINESS ETHICS What is the role of individual values in the development of ethical standards? Ethics ultimately boils down to the individual values one applies in decision-making. Individual values can be explored by asking five important questions in...
by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
[cite] Back to: BUSINESS ETHICS What is the role or effect of legal regulation on ethics? That ethical values frequently become law and that legal regulation reflects ethical values. Ex. Civil Rights Act of 1964 Legal regulation is a significant source of values for...
by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
[cite] Back to: BUSINESS ETHICS What are two dominant theoretical approaches to ethics? Formalism and Consequentialism. Theories in the study of ethics. They are not mutually exclusive and people adopt elements of both systems in making ethical choices. What is...
by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
[cite] Back to: BUSINESS ETHICS What is the role of ethics in law? Both ethics and law deal with right and wrong and foster social cooperation. Societys ethical values become law through legislation and we often associate complying with the law as ethically correct....
by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
[cite] Back to: BUSINESS ETHICS What is the role or effect of morality on ethics? Morality – is the collection of values that guides our behavior. It involves an understanding (of a societies view) of what is right and wrong and for justifying moral decisions....
by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
What is a Code of Ethics?A code of ethics or ethical code refers to a set of guidelines, standards, and principles that a company adopts and that must be adhered to by its workers. Where Do Codes of Ethics Come From?Codes of ethics are often determined by the trade...
