Ethical Issues

Objective $5$

The following statements have appeared in online news site editorials:

Business students come from all segments of society. If they have not been taught ethics by their families and by their elementary and secondary schools, a business school can have little effect.

Sacrificing self$-$interest for the collective good won$$t happen unless a majority of Americans also accept this premise.

Competent executives manage people and resources for the good of society. Monetary benefits and titles are simply the by$-$products of doing a good job.

Unethical firms and individuals, like high rollers in Las Vegas, are eventually wiped out financially.

Unethical behavior within firms usually is highly visible and, therefore, quickly detected and eventually corrected.

Required:

Conceptual ConnectionAssess and comment on each of the statements.