Ethics Can Be Defined as

question 18

Multiple Choice

Ethics can be defined as

• A) the skills needed to identify and overcome business problems.
• B) the practice of sharing all relevant information with stakeholders.
• C) a written code of conduct designed to guide the actions of a company.
• D) rules of conduct or moral principles that guide individual or group behavior.
• E) a set of guidelines for evaluating how much honesty to use in a given situation.

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Definitions:

Collective Action Problem

A situation where individuals in a group have difficulty achieving a common goal because their best personal outcome does not align with the collective best.

Pluralist Theory

A political theory suggesting that power is distributed among many groups in a society, including interest groups, ensuring that no single entity has complete control.

Corporate Dominance

A situation where large corporations wield a disproportionate amount of power and influence over economic policy, markets, and society at large.

Interest Group System

A structured collection of groups that seek to influence public policy based on shared interests or objectives.