Questions

Please be clear and concise.

Question 1

Briefly explain the concept of business ethics in your own words.

Question 2

Pick one of the following 3 ethical principles/rules and offer an example from your own personal life of that rule in operation:

(i) Utilitarianism (ii) Universalism (iii) Rights

Question 3

A large oil company wishes to expand its CSR budget. List 3 stakeholders it might seek to satisfy with its increased cash commitment.

Question 4

Would corporations behave in a socially responsible manner even if no one was looking, and even if it cost them the opportunity to make higher profit? If not, what does that say about CSR? What is a better way of ensuring ethical behavior by corporations: (a) training employees in the corporate code of ethics or (b) government regulation? Why?

Question 5

You have read the assigned short story The Ones Who Walked Away from Omelas. Would you have stayed or walked away if those were your only choices? Are those your only choices? How would you connect this story to business ethics?

READINGS

Read Sections 5.1 to 5.5 from Chapter 5 in the textbook:

https://openstax.org/details/books/principles-management (Book is below)

BOOK

https://drive.google.com/file/d/1tEeAU6TDKVLcrYlBv6mFJ3mg8ZpW10bf/view?usp=sharing