How do the terms business ethics and social responsibility differ from each other?Multiple ChoiceBusiness ethics concerns the impact of the entire business's activities on society, whereas social responsibility relates to an individual's decisions that societyevaluates as right or wrong.Business ethics is a broader concept, whereas social responsibility is a narrower concept.Business ethics and social responsibility can be used interchangeably because they mean the same thingBusiness ethics relates to an individual's or a work group's decisions that society evaluates as right or wrong, whereas social responsibility concerns the impact ofthe entire business's activities on society.

Business ethics and social responsibility are the two main concepts that contribute to the…

Answered: How do the terms business ethics and…

Management, Loose-Leaf Version

13th Edition

ISBN:9781305969308

Author:Richard L. Daft

Publisher:Richard L. Daft

Chapter5: Managing Ethics And Social Responsibility

Section: Chapter Questions

Problem 1SGB

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Similar questions

Identify two types of ethical leaders and the important role each plays.
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After reading this chapter, what are major insights you have about ethics and CSR?
What is the difference between ethics and business ethics?
Why are values an important element of ethics for individuals and organizations?
If you were faced with an ethical dilemma, from whom would you seek advice?
Ethical codes serve as the moral compass guiding individuals and organizations in navigating the complexities of ethical decision-making. These codes are rooted in fundamental principles such as integrity, honesty, fairness, and respect for others. They provide a framework for behavior and decision-making, ensuring that actions align with ethical values and principles. In professional settings, ethical codes outline the responsibilities and obligations of individuals towards clients. colleagues, employers, and society at large. For example, in healthcare, etifical codes dictate the duty of healthcare professionals to prioritize patient well-being, maintain confidentiality, and uphold the highest standards of care. Similarly, in business, ethical codes emphasize integrity in dealings with clients, suppliers, and competitors, as well as social responsibility and environmental sustainability. Ethical codes are not merely abstract guidelines; they are practical tools that help individuals…
The three ethical theories are Ethical theory, deontological ethics, and Utilitarianism. For this discussion, identify two business practices that contradict each of the three ethical theories. Analyze and justify why do you think the practice you are providing as an example contradicts that specific theory. Please provide an accurate answer.
UserChoose one of Confucius's teachings and describe how that principle relates to the military ethical perspective. Does it support your perspective or contrast with your perspective? How does this principle compare to one of the other ethical perspectives covered in Chapter One (Utilitarianism, Altruism, etc.)? Is it quite similar or quite different?
It is important for an organization to be ethical and to be seen as being ethical. Faced with a challenging business environment, how should organizations address and resolve ethical dilemmas that they face?
Ethical codes are foundational frameworks that guide individuals or groups in making moral decisions and conducting themselves in a manner that aligns with values such as honesty, integrity, fairness, and respect for others. These codes serve as compasses in navigating complex situations where ethical dilemmas may arise, providing a set of principles to uphold in both personal and professional contexts. They often encompass a wide range of considerations, including responsibilities to clients or customers, colleagues, the organization, and society at large. For instance, in professions such as medicine or law, ethical codes outline obligations to prioritize the well-being of patients or clients, maintain confidentiality, and avoid conflicts of interest. In business, ethical codes may emphasize transparency, environmental sustainability, and adherence to laws and regulations. However, ethical codes are not static; they evolve over time to reflect changing societal norms, advancements in…
You find a valuable piece of jewelry while shopping at a retail store. Instead of turning it in to lost and found, you put it in your pocket under the principle that“Everyone else would take it, too.” Which ethical principle does this illustrate? a. Libertarian b. Generalization c. Universal d. Religious

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