Which of the following statements is decisive in determining whether or not to study business ethics?

A. The answers to ethical questions are clear-cut enough; all business people already know right from wrong.
B. Ethical concerns are as unavoidable in business as are concerns of marketing, accounting, finance, and human resources. Formal study of business ethics helps address these concerns so that businesses can integrate ethics in their decision making.
C. Business and ethics simply don't mix. In the final analysis, self-interest, represented by profit, overrides the interests of employees, customers, and communities. Opinion and sentiment get in the way of efficient business decision making.
D. Business managers don't need to study ethics in order to know how to treat employees, shareowners, and customers.


Answer: B

Business

You might also like to view...

When developing a survey questionnaire,

A) develop questions that must be answered with several sentences. B) use leading questions. C) make the survey adaptive. D) use descriptors such as "often" or "frequently." E) use compound questions.

Business

A wage plan based solely on an employee's quantity of production is known as a(n):

a. Modified wage plan. b. Hourly-rate plan. c. Incentive wage plan. d. Piece-rate plan.

Business

Determining net cash flows from operating activities using the indirect method reveals cash collected from customers

Indicate whether the statement is true or false

Business

While they do not directly involve a store facility, Web transactions, mail-order sales, direct selling, and vending machine sales are components of retailing

Indicate whether the statement is true or false

Business