Business Ethics and Social Responsibility

What do "Values" primarily convey in the context of ethics?

• What is right

• What is good

• How to achieve goals

• Reasons for being

What is the main role of "Principles"?

• To define what is good

• To give life to values and principles

• • To generate profit

• To outline how values may or may not be achieved

In the context of ethics, what does "Purpose" signify?

• The pursuit of wealth

• Controversial issues

• Your reason for being

• A set of strict rules

How is Business Ethics defined?

• An applied ethics consisting of written and unwritten codes that govern decisions and actions within an organization.

• A set of legal regulations for commerce.

• A strategy focused on maximizing financial gains at all costs.

• The study of consumer behavior in the marketplace.

What is the core meaning of "Social Responsibility" for individuals and companies?

• Prioritizing personal gain above all societal concerns.

• A duty to act in the best interest of their environment and society as a whole.

• Solely focusing on internal employee well-being.

• Adhering strictly to minimal legal requirements only.

The two main types of business entities are For-Profit Entities and __________ Organization.

"A certain business does not just exist for profit only, it should also exist and consider their corporate social __________."

Values, Principles, and Purpose are key components of __________.

"There is no business aims to be __________."

Social Responsibility means that individuals and companies have a duty to act in the best of their __________ and society as a whole.