Session:5 Ethics, Corporate Responsibility, and Sustainability
Chapter Review Questions
Principles of Management | Leadership Development – Micro-Learning Session
Rice University 2020 | Michael Laverty, Colorado State University Global Chris Littel, North Carolina State University| https://openstax.org/details/books/principles-management
- What is the difference between ethics and business ethics?
- What is normative ethics?
- Why are values an important element of ethics for individuals and organizations?
- What are the differences between instrumental and terminal values?
- Can an individual be ethical without using ethical principles described in the chapter? Explain.
- Identify major classical ethical principles.
- Differentiate between the principle of rights and utilitarianism and between justice and universalism.
- Why is leadership important for ethical conduct in corporations?
- Identify two types of ethical leaders and the important role each plays.
- What is the difference between ethics and compliance in organizations?
- What is CSR, and why is it important?
- What is stakeholder management?
- What is the difference between stakeholders and stockholders?
- What is different about ethics in a global or international context and ethics in a national context or setting?
- What are some global issues that corporations must face today, and why are these important?
- Identify some contemporary ethical and compliance trends affecting corporations, employees, and individuals now.
- What is a moral entrepreneur?
- Does ethics pay? Explain.
- After reading this chapter, what are major insights you have about ethics and CSR?