Do Company Strategies Need to be Ethical

Which statement best describes ethics in business?

• Business is outside the realm of ethical enquiry and morally neutral or amoral

• Ethics in business do exist but differ from ethics in other spheres and may appear amoral in other spheres

• Business, politics and private life share the same ethics as part of a moral community

• None of the above

Which is the Ethical Relativism Issues:

I Use of Underage Labor

II The Payment of Bribes & Kickbacks

III Relativism Equates to Multiple Sets of Standards

IV The use of Local Morality to Guide Ethical Behavior

• I & II

• I & III

• I, II & IV

• I, II, III, & IV

Which of the following is the characteristic of unintentionally amoral manager?

• Displays lack of concern regarding whether ethics applies to company actions

• Actively opposes ethical behavior in business

• Pursues business success

  • Within confines of both letter and spirit of laws

• Views ethics as inappropriate for tough, competitive business world

Why is Ethics Important to Business?

• To be popular among others

• Reduce Labour Turnover

• Attract New Product

What are the benefits of a company being known as ethical?

• Impact on competitiveness

• Value added

• Enhances reputation

• All of these

What will happen when Ethical Wrongdoing is discovered?

• Customer Defections

• Bankruptcy

• Loss of reputation

• Product Damage

Do Company Strategies Need to be Ethical?

• Yes

• No

What question (s) should you ask yourself whenever you are faced with an ethical dilemma?

• Is it legal?

• Is it right?

• Is it balanced/fair?

• All of these