Exam 1: The Nature of Morality
Which of the following characteristics distinguishes moral standards from other sorts of standards?
B
Explain why being ethical is good business.
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).
False
In theory and practice, law codifies customs, ideals, beliefs, and a society's moral values.
Business ethics is the study of what constitutes right and wrong, or good and bad, human conduct in a business context.
One of the major characteristics of an organization is the shared acceptance of organizational rules by its members.
Choose the statement that gives the most accurate description of etiquette:
When ethical relativism is put into practice, it implies that
Our conscience evolved as we internalized the moral instructions of the parents or other authority figures who raised us as children.
An organization is a group of people working together to achieve a common purpose.
According to divine command theory, if stealing is wrong then it is wrong because:
An individual does not have to follow the code of one's profession.
List and explain why Robert Solomon contends ethics is good business.
Which statement is true concerning moral principles and self interests?
Our relationship with the law is best described by which of the following?
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