What Does Business Ethics Concern

question 61

Multiple Choice

What does business ethics concern?

• A) Developing a consensus among companies worldwide as to what ethical principles businesses should be expected to observe in the course of conducting their operations
• B) What ethical behaviors are imposed on company personnel by governments in the course of doing their jobs
• C) The application of general ethical principles to the actions and decisions of companies and the conduct of their personnel
• D) Developing a special set of ethical standards for different types of businesses to observe in conducting their affairs
• E) Picking and choosing among the consensus ethical standards of society to arrive at a set of ethical standards that apply directly to operating a business

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Definitions:

Importing Country

A country that buys goods and services from abroad for domestic consumption or use.

Quota Rights

Entitlements allocated by governments or international bodies that allow entities to import or export a specified quantity of goods.

Tariff Revenue

Income that a government earns from imposing taxes on imported goods.

United States

A country located in North America, known for its significant economic, political, and cultural influence worldwide.