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Ethics in Business
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Making a profit is an example of a company's ______________?
economic responsibility
If a company obeys the law they are fulfilling their __________________.
legal responsibility
_______________ for a company is doing what is right and avoiding causing harm.
Legal responsibility
In addition to contributing to the community, the _____________ of a company also involves giving money to social justice causes.
discretionary responsibility
T/F: A company fulfills its moral responsibilities by only focusing on its profits.
False
Describe in your own words the position of economist Milton Friedman
He believed businesses should operate 'without deception or fraud' and that by focusing on creating wealth, that is enough social benefit.
T/F: If a company focuses too much of its resources on following tough environmental/social regulations, it might damage a company.
True
Describe in your own words the idea of corporate responsibility as a moral obligation
Companies should treat staff fairly, customers honestely, and give generously to charity. Society and businesses are interconnected and depend on one another.
this collocation means 'the amount that a company wants to sell'
sales target
this collocation means 'the health and happiness of people'
human welfare
this collocation means 'the rules or strategies of the people in charge of a company'
management policies
What does it mean to be 'philanthropic'? You can paraphrase the definition in your own words.
Anheuser-Busch InBev prioritized which TWO of the four corporate responsibiltiies in its partnerships with Mulvaney and LGBT organizations?
Ethical and Discretionary
Who is Dylan Mulvaney?
a transgender influencer and actor
What did Kid Rock do in a video that he posted?
he shot a stack of Bud Light cases with a gun
If sales decrease by 21%, which ONE of the four corporate responsibilties is not being met?
economic
Why did Anheuser-Busch decide to partner with Mulvaney?
the brand needed to increase its appeal to younger consumers; the brand was in decline; the brand was not "inclusive" and executives wanted to appeal to men AND


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