Organizational Ethics Are Learned By

question 78

Multiple Choice

Organizational ethics are learned by:

• A)attending corporate responsibility seminars.
• B)tracking the failures of those who are caught in business scandals.
• C)attending business classes and regularly taking notes.
• D)observing the actions of others.

Identify and analyze examples of goods based on rivalry in consumption and excludability.

Distinguish between private goods, public goods, common resources, and club goods.

Recognize goods that cause externalities and differentiate between positive and negative externalities.

Assess goods and services based on their excludability and rivalry in consumption.

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Definitions:

Marketing

The activity, set of institutions, and processes for creating, communicating, delivering, and exchanging offerings that have value for customers, clients, partners, and society at large.

Production

The process of creating goods and services using labor, tools, machinery, and materials.

Ethical Challenges

Dilemmas or situations that require a choice to be made between competing ethical principles or values.

Sustainable Environment

The practice and goal of maintaining natural resources and not depleting them faster than they can renew, ensuring a healthy planet for future generations.