Bule 303 Chapter 2 Questions and Correct Verified Answers Latest Version
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Module
Bule 303
Institution
Bule 303
Ethics
The study of what constitutes right or wrong behavior; moral principals
and values applied to social behavior.
Business Ethics
What constituters right or wrong behavior and the application of moral
principals in the business context.
Triple bottom line
Focuses on a corporation's ...
Short-run profit maximization v. long-run profit maximization
✓ In the short-run, a company may increase its profits by continuing to sell
a product, even though it knows that the product is defective. In the
long-run, because of lawsuits, large settlements, and bad publicity, this
unethical conduct would cause the profits to suffer. AKA BUSINESS
ETHICS IS ONLY CONSISTENT WITH LONG-RUN.
Short-run profit maximization example
✓ Purdue Pharma downplaying the addictive tendencies of oxycotin
when it was first put on the market
the internet in relation to public relations
Master01 | September, 2024/2025 | Latest update
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