Bule 303 Chapter 2 Questions and Correct Verified Answers Latest Version
2 views 0 purchase
Course
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
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller MASTER01. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $10.49. You're not tied to anything after your purchase.
