Business Ethics Concerns

question 31

Multiple Choice

Business ethics concerns

• A) developing a consensus among companies worldwide as to what ethical principles that businesses should be expected to observe in the course of conducting their operations.
• B) what ethical behaviors should be expected of company personnel in the course of doing their jobs.
• C) the application of ethical principles and standards to business activities,behavior,and decisions.
• D) developing a special set of ethical standards for businesses to observe in conducting their affairs.
• E) picking and choosing among the normative ethical standards of society in order to arrive at a set of ethical standards that apply directly to operating a business.

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Definitions:

Opportunities

External factors or situations that can be leveraged by a business or organization to achieve its goals.

Threats

External factors or circumstances that could cause harm to an organization or project, often identified in a SWOT analysis.

Total Budget Competitors

Companies or entities competing within the same market that allocate similar amounts of financial resources towards their operations and marketing efforts.

SWOT Analysis

A strategic planning tool that evaluates the Strengths, Weaknesses, Opportunities, and Threats related to a project or business venture.