Which of the Following Holds True in the Case of Business

question 48

Multiple Choice

Which of the following holds true in the case of business ethics?

• A) It is laws and regulations that govern business.
• B) It is the application of moral standards to business situations.
• C) It does not vary from one person to another.
• D) It is most important for advertising agencies.
• E) They are well-defined rules for appropriate business behavior.

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Definitions:

Milgram's Experiment

A controversial 1960s study by psychologist Stanley Milgram testing obedience to authority figures, wherein participants were led to believe they were administering electric shocks to others.

Obedience to Authority

The psychological phenomenon where individuals comply with instructions or orders from an authority figure, often studied to understand social influence and power dynamics.

Mild Shock

A low-intensity electric shock that may cause minimal discomfort but is generally not harmful.

Obedience to Authority

The psychological phenomenon where individuals comply with orders from an authority figure, often ignoring their own preferences or moral standards.