Exam 1: The Nature of Morality

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Which of the following characteristics distinguishes moral standards from other sorts of standards?

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Explain why being ethical is good business.

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Being ethical is good for business for several reasons. First, it helps to build trust and credibility with customers, employees, and other stakeholders. When a company is known for its ethical practices, it is more likely to attract and retain loyal customers and employees. This can lead to increased sales and productivity, as well as a positive reputation in the marketplace.

Second, ethical behavior can help to minimize legal and regulatory risks. By following ethical guidelines and laws, a company can avoid costly fines, lawsuits, and damage to its reputation. This can ultimately save the company money and protect its long-term success.

Additionally, being ethical can also lead to better relationships with suppliers, partners, and the community. By treating others fairly and with respect, a company can build strong, mutually beneficial relationships that can lead to new opportunities and collaborations.

Overall, being ethical is good for business because it helps to create a positive and sustainable business environment. It can lead to increased trust, reduced risks, and stronger relationships, all of which can contribute to the long-term success and profitability of a company.

In a broad sense morality is the moral code of an individual or of a society (insofar as the moral codes of the individuals making up that society overlap).

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In theory and practice, law codifies customs, ideals, beliefs, and a society's moral values.

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Business ethics is the study of what constitutes right and wrong, or good and bad, human conduct in a business context.

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One of the major characteristics of an organization is the shared acceptance of organizational rules by its members.

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The code or principles of conduct that a person accepts

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Accepting a moral principle

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A tangible truth about having moral principles is

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Choose the statement that gives the most accurate description of etiquette:

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When ethical relativism is put into practice, it implies that

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Our conscience evolved as we internalized the moral instructions of the parents or other authority figures who raised us as children.

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What is meant by "diffusion of responsibility"?

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An organization is a group of people working together to achieve a common purpose.

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According to divine command theory, if stealing is wrong then it is wrong because:

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An individual does not have to follow the code of one's profession.

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List and explain why Robert Solomon contends ethics is good business.

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Which statement is true concerning moral principles and self interests?

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Ethical relativism supports the theory that:

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Our relationship with the law is best described by which of the following?

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