chapter 2: Business Ethics and Social Responsibility

Answer the following questions in paragraph, full-sentence format.

• When faced with public criticism of a particular practice, a company is likely to progress through what five different stages? Explain.

• What is a conflict of interest? Give one example.

• What is a whistle-blower?

• Describe what ethics means in business.

• What is a code of conduct?

• Think of someone whom you regard as an ethical leader. It can be anyone connected with youa businessperson, educator, coach, politician, or family member. Explain why you believe the individual is ethical in his or her leadership.

• What is Corporate social responsibility and how does it relate to fiduciary responsibility?

• What are the threats to the natural environment, and how businesses are addressing them?

• Define sustainability and why companies are now focusing on environmental and socially responsibility issues.