Which of the Following Is Not a Challenge a Common

question 69

Multiple Choice

Which of the following is not a challenge a common challenge to business ethics and values management?

• A) Ethics cannot be taught.
• B) Complying with the law is all that a corporation needs to do to remain ethical.
• C) Ethics cannot be managed.
• D) Success is measured in profits and losses, not in ethical conduct.

---

Definitions:

Business Risk

The potential for financial loss or failure inherent in the operation of a business, influenced by market, industry, and internal factors.

Firm's Profits

The financial gain made by a company after deducting all expenses, costs, and taxes from its total revenue.

Guaranteed Payments

Payments that a partner receives from a partnership regardless of the partnership's income, similar to a salary for services or use of capital.

Consumer Sovereignty

Consumer sovereignty is the theory that consumer preferences and needs drive the production decisions, market offerings, and direction of an economy.