by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
[cite] Back to: BUSINESS ETHICS What is the role or effect of society on ethics? Cultural pluralism and diversity hinder the development of a common system of personal ethics. Sociological factors lead to ethical concerns for society. Economic interdependence is a...
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
[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 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 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 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 are the professional codes of ethics? That recent years have revealed extensive development of group standards for ethical conduct. GAAP ABA Code of Professional Ethics Unethical conduct can lead to additional regulation such as...
by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
[cite] Back to: BUSINESS ETHICS What are the obstacles to ethical business practice? There are obstacles to ethical corporate behavior that deserve serious consideration. The emphasis on profit, “the bottom line,” can promote unethical behavior within a...
by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
[cite] Back to: BUSINESS ETHICS What are the benefits to business in pursuing ethical business practices? Effect: Note the enormous size of the worlds largest companies. Profits and business ethics are not contradictory. That unethical behavior is a business...
by TheBusinessProfessor | Feb 23, 2025 | Business Ethics & Social Responsibility
[cite] Back to: BUSINESS ETHICS What views characterize the debate surrounding the morality of property ownership? The primary criticism of private property is that it allows some people to possess more than they need while others have need. The moral defense of...
