Textbook Problem

Ethical Issues

The following statements have appeared in newspaper editorials:

1. 1. Business students come from all segments of society. If they have not been taught ethics by their families and by their elementary and secondary schools, a business school can have little effect.
2. 2. Sacrificing self-interest for the collective good won’t happen unless a majority of Americans also accept this premise.
3. 3. Competent executives manage people and resources for the good of society. Monetary benefits and titles are simply the by-products of doing a good job.
4. 4. Unethical firms and individuals, like high rollers in Las Vegas, are eventually wiped out financially.

Required:

CONCEPTUAL CONNECTION Assess and comment on each of the statements.