What is the difference between ethics and business ethics?
What will be an ideal response?
There is no difference. Ethical principles in business are not materially different from ethical principles in general because business actions have to be judged in the context of society's standards of right and wrong. There is no special set of rules that businesspeople decide to apply to their own conduct. If dishonesty is considered unethical and immoral, then dishonest behavior in business—whether it relates to customers, suppliers, employees, or shareholders—qualifies as being equally unethical and immoral. If being ethical entails adhering to generally accepted norms about conduct that is right and wrong, then managers must consider such norms when crafting and executing strategy.
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Today, corporations need to make sure that they are good corporate citizens and that their consumer messages are honest in order to positively align themselves with consumers' views of ________
A) others B) organizations C) themselves D) the universe E) society
What is a retailer's most effective tool against shoplifting?
A. EAS tags B. Employees C. Cash wraps D. Unique merchandise E. Prosecution policies
Which one of the following reports is not a special report issued as a result of an examination?
a. Report on a specified financial statement element. b. Report on compliance with contractual agreements. c. Agreed upon procedures. d. Report on information presented in prescribed forms.
Define operations management. Will your definition accommodate both manufacturing and service operations?
What will be an ideal response?