Ethics and Business Quiz

__________ are principles of right and wrong that govern personal, professional, and organizational conduct.

__________ is a situation where no available option seems ethically acceptable.

__________ refers to a business strategy that adheres to accepted ethical norms and standards.

__________ is the idea that companies should consider the social consequences of their actions.

__________ involves pursuing strategies that meet current needs without harming the ability of future generations to meet theirs.

The __________ argues that a firm’s only responsibility is to maximize profits while staying within legal boundaries.

The __________ approach claims businesses should follow the ethical norms of the host country, regardless of home-country standards.

The __________ principle states that people should be treated as ends in themselves, not merely as tools for profit.

The __________ says that we should evaluate business decisions based on the overall balance of good versus harm they create.

In Rawls' __________, people must design a fair system without knowing their own position in society.