Midterm in BC 1

Refers to the study of morals and moral choices of human beings.

The moral principles defining right and wrong behavior of businesspersons and their agents are called _______________.

There are instances when employees are helpless that they cannot implement the right ethical conduct required in specific situations.

• Ethics Training

• Ethical Advocates

• Ethical Codes

• Whistle-Blowing

If ethics is really an important aspect of managing a business, then its practice should be expected from the firm's management and rank-and-file employees.

• Ethics Training

• Ethical Advocates

• Ethical Codes

• Whistle-Blowing

A person who is knowledgeable about business ethics, employed by the company, and acts as the company's conscience.

• Ethics Training

• Ethical Advocates

• Ethical Codes

• Whistle-Blowing

Are documents that specify practices that are unethical and which the company expressly forbids.

• Ethics Training

• Ethical Advocates

• Ethical Codes

• Whistle-Blowing

Refers to the concern of business for the welfare of the society.

Their interests are expected to be of the highest priority.

• Owners

• Minority Groups

• Women

• Employees

They constitute a very important group, which must be handled with some degree of responsibility.

• Consumers

• Women

• The Handicapped

• Older People

Business firms should regard _________________ as among its greatest concerns

• Minority Groups

• Owners

• Women

• Employees