Business Ethics Summative Test

1. 1. It is an activity that is part and parcel of human society.

2. 2. He argues that “the enterprise is an organ of society, and its actions have a decisive impact on the social scene.

3. 3. It came from the two Greek words Philos which means love and Sophia which means wisdom.

4. 4. Studies the truth to be known.

5. 5. It refers to the quality of goodness or badness in a human act.

6. 6. A philosophical science that studies the morality of human acts.

7. 7. A noted economist says that the only responsibility of business is to make profit so long as it stays within the rules of the game.

8. 8. It claims that when any two cultures or any people hold different moral values of an action, both can be right.

9. 9. Studies truths to be acted upon.

10. 10. It is a process in which ethical issues and problems are benchmarked against a moral standard so that moral judgement is made possible.