2.1 Learning Outcomes:
Upon completion of this week’s activities, you will be able to:
Articulate the importance of business ethics.
Analyse the arguments for and against corporate social responsibility.
Critique an ethical dilemma
2.2 Action Required:
Watch the short video in the following link and answer the questions that follows:
What is Ethics? What is Business Ethics?
2.3 Test your Knowledge (Question):
Do you think business ethics is important? Why or why not?
Your Cynicism Quotient
Answer the following questions as honestly as you can. Circle the number between 1 and 5 that best represents your own beliefs about business.
Strongly Disagree
Strongly Agree
1. Financial gain is all that counts in business
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5
2. Ethical standards must be compromised in business practice
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5
3. The more financially successful the businessperson, the more unethical the behavior.
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5
4. Moral values are irrelevant in business
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5
5. The business world has its own rules.
1
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5
6. Business persons care only about making profit.
1
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5
7. Business is like a game – one plays to win.
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5
8. In business, people will do anything to further their own interest.
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5
9. Competition forces business managers to resort to shady practices.
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5
10. The profit motive pressures managers to compromise their ethical concerns.
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5
2.4 Instructions
Answer both questions in test your knowledge section.
Post your answer for the first question in the discussion board using the discussion link below (Week 2: Interactive learning Discussion)
Scoring Procedures for question 2 (Your Cynicism Quotient)
* Add the total number of points. The maximum is 50 points. Total _.
* The higher your score, the more cynical you are about ethical business practices. Think about the reasons for your responses.
