Term
What are Business ethics? |
|
Definition
| Business Ethics are the standards of conduct and moral values governing actions and decisions in the work environment |
|
|
Term
Businesses must also take into account a wide range of social issues such as....? |
|
Definition
How will a decision affect the environment? How will it affect its customers? Its employees? |
|
|
Term
| The philosophies, policies, procedures, and actions that enhance society’s welfare are a part of what? |
|
Definition
|
|
Term
| Through ethics and social responsibility, businesses find the _____ between doing what is right and doing what is profitable. |
|
Definition
|
|
Term
True or False In business, as in life, deciding what is right or wrong is always always clear cut. |
|
Definition
|
|
Term
| A company has responsibilities to many groups such as: |
|
Definition
To its consumers To its employees To its investors To society as a whole |
|
|
Term
True or False. Conflicts can arise in trying to serve the different needs of each of the grouops companys have responsibility to. |
|
Definition
|
|
Term
| The ________ of staff at all levels, not just executives, shape a firm's decisions and actions. |
|
Definition
|
|
