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Business ethics. Organizational principles, values, and norms that may originate from individuals, organizational statements, or from the legal system that primarily guide individual and group behavior in business. Principles. Specific and pervasive boundaries for behavior that should not be violated. Values.
Study with Quizlet and memorise flashcards containing terms like Goal of Business Ethics, Standards an Ethical Code must include, Core Values and others.
Study with Quizlet and memorize flashcards containing terms like Ethical Issues, Ethical Dilemmas, Discretion and more.
Business Ethics Quiz 1. Which company attributes increase in value as stakeholders view that company in a positive light? (Select all that apply.) A. stock price B. competition. d. Which personal philosophical approach does Warren Buffet believe in? C. Invest in yourself. What is the best reason for a universal ethical standard? C.
Business Ethics Final. What is the difference between nominal wage and real wage? Nominal wage represents the actual amount of money a worker earns per hour; real wage represents the nominal wage adjusted for inflation. The common law (case law) of agency at the state level is often the source of the rules governing an employment relationship. True
Why is Business Ethics Important? Power and influence of business in society; Potential to provide major contribution to society; Potential to inflict harm; Increasing demands from stakeholders; Lack of business ethics education or training; Continued occurrence of ethical violations; Evaluating different ways of managing business ethics
5.1 The Relationship between Business Ethics and Culture; 5.2 Business Ethics over Time; 5.3 The Influence of Geography and Religion; 5.4 Are the Values Central to Business Ethics Universal? Key Terms; Summary; Assessment Questions; Endnotes
