Exam 2: Ethics in Business

Frances, an executive with GMO Seed & Feed, Inc., has to decide whether to market a product that could offer substantial benefits but might also have potentially serious side effects for a small percentage of users. Using the different ethical philosophies discussed, analyze the decision.

To be effective in Hatchery Inc. and other large corporations, an ethical program should be monitored by

Duty-based ethical standards often come from religious precepts.

When deciding to engage in corporate social responsibility , a key factor when selecting activities is

The term moral minimum is best defined as the highest degree of ethical behavior expected of a firm.

A cost-benefit analysis is part of

Internal audits monitor compliance with law and a company's code of ethics or conduct.

Any decision by the management of a company may significantly affect only the company ' s

In the interests of preserving personal freedom, the law codifies all ethical requirements.

Because social media is so widespread, it is legal and ethical for a company to have social media policies limiting employees from criticizing the company.

Lloyd, an officer for Mulch 'n Fill, Inc., attempts to apply a duty-based approach to ethical reasoning in conflicts that occur on the job. This approach is based on the idea that a person must

Ethics has to do with how a business person making business decisions applies