CHAPTER FOUR: ETHICS & CORPORATE RESPONSIBILITY

What is Ethics?

the moral principles and standards that guide the behavior of an individual or group

An individual's values or principles of conduct, such as honesty, fairness, integrity, respect for others, and responsible citizenship.

What is the process for making ethical decisions?

Knowing various moral standards (universalism, relativism)

Recognizing the moral impact of your decision (whom it will harm, whom it will benefit, so forth)

Defining the complete moral problem

Considering the economic, legal, ethical components of the decision, loss of reputation, and employee turn over.

All of the above

What responsibilities do corporate social responsibility include?

Economic, knowing various moral standards, recognizing moral impact

Economic, society, creditors, customers

Economic, legal, ethical, philanthropy

Who are the internal stakeholders of a company?

Employees

Manager

Owners

All of the above

Who are the external stakeholders of a company?

Suppliers and society

Owners

Suppliers, society, government, creditors, shareholders, customers

Stakeholders, suppliers, society

{"name":"CHAPTER FOUR: ETHICS & CORPORATE RESPONSIBILITY", "url":"https://www.quiz-maker.com/QPREVIEW","txt":"What is Ethics?, What is the process for making ethical decisions?, What responsibilities do corporate social responsibility include?","img":"https://www.quiz-maker.com/3012/images/ogquiz.png"}

More Quizzes