Please Clearly Identify the Choice Made

Business ethics can be defined as

Multiple Choice

applying general ethical principles and standards to the various stakeholders of businesses.

rules that each company makes about what is right and what is wrong for top management and the board of directors.

the application of ethical principles and standards to the actions and decisions of business organizations and the conduct of their personnel.

special standards and codes of conduct that are only present in business situations.

adopting or rejecting various societal ethical standards to arrive at a set of standards for operating a business.

On August 1, 2018, Reddit, an American social news aggregation, web content rating, and discussion website reported that it had been hacked. A spokesperson for Reddit said publicly, think about whether theres anything on your Reddit account that you wouldnt want associated back to that address. The company also included instructions for users to remove their Reddit data. Do Reddit company managers have an obligation to observe ethical norms when crafting and executing a strategic response to this breach of data security and potential loss of consumer privacy?

Multiple Choice

No, because ethics in business are generally less stringent than the ethical principles for society at large.

No, because ethics in business only concern the rules each companys top management and board of directors make about what is right and what is wrong.

No, because ethics in business deal chiefly with the actions and behaviors required to operate companies in a socially responsible manner.

Yes, because ethics in business are generally more stringent than the ethical principles for society at large.

Yes, because ethics in business are not materially different from ethical principles in general.

A companys strategy needs to be ethical because

Multiple Choice

of the potential for embarrassment to top management if the companys unethical behavior is publicly exposed.

unethical strategies are inconsistent with or weaken the corporate culture.

ethics watchdogs are sure to blow the whistle on the companys unethical behavior.

of the risks of prosecution by governmental authorities if an unethical strategy is disclosed.

a strategy that is unethical not only damages the companys reputation, but it also can have costly consequences.