Which of the Following Is True of Business Ethics

question 24

Multiple Choice

Which of the following is true of business ethics?

• A) The descriptive dimension of business ethics evaluates the degree to which the observed customs,attitudes,and rules of a business are ethical.
• B) Business ethics should ideally not reflect the ethical concepts of the society within which an organization functions.
• C) The normative dimension of business ethics is a summation of the customs,attitudes,and rules that are observed within a business.
• D) Business ethics should not be applied as a separate set of moral standards or ethical concepts from general ethics.

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Definitions:

Licensing

A business arrangement where one party (licensor) allows another (licensee) to legally use its brand, patent, technology, or product for a specified period in exchange for a fee or royalty.

Stimulus Generalization

A psychological phenomenon where a response to a specific stimulus becomes associated with other stimuli that are similar, leading to the same response despite differences.

Marketing Strategy

A business's overall game plan for reaching prospective consumers and turning them into customers of their products or services.

Classical Conditioning

A learning process in psychology that occurs when two stimuli are repeatedly paired; a response that is initially elicited by the second stimulus is eventually elicited by the first stimulus alone.