Worksheet 03.1 Ethics and the Role of Business

A  resource, profit, vendors, profits

B  legal, public relations, consumers, implications

C  bottom line, ethical, workers, loses

D  resource, ethical, vendors, profits

A  TRUE

B  FALSE

A  the corporation’s impact on people.

B  the corporation’s impact on the planet.

C  the corporation’s resource allocation.

D  the corporation’s profits.

A  TRUE

B  FALSE

A  highest ethical standard

B  moral minimum

C  best ethical standard

A  Provide refunds to bank customers for overdraft fees. Require accountability measures for publicly traded companies. Regulate shareholder dividend maximums

B  Regulate shareholder dividend maximums. Provide refunds to bank customers for overdraft fees. Regulate corporate profits

C  Regulate corporate profits. Regulate shareholder dividend maximums. Reduce corporate fraud

D  Reduce corporate fraud. Require accountability measures for publicly traded companies. Create confidential systems for fraud reporting within a publicly traded company

A  TRUE

B  FALSE

A  the voluntary exchange of goods or services

B  what constitute right and wrong behavior

C  what harms the economy the least

D  what is most beneficial to all of society