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Unformatted text preview: Comparison of Business Ethics and Social Responsibility Business Ethics: The principles and standards that define acceptable conduct in business Social Responsibility: A businesss obligation to maximize its positive impact and minimize its negative Impact on society. Ethical Issue Categories Conflict of interest o Occurs when a person must choose whether to advance their own personal interest or those of others. o 1 Thes. 5:22 avoid all appearances of evil, being above reproach Fairness and honesty o are at the heart of business ethics and relate to the general values of decision makers. Communications o False and misleading advertising and deceptive personal-selling tactics anger customers and may cause a business to fail. Business relationships o Businesspeople must be ethical toward their customers, suppliers, and others in their workplace.Businesspeople must be ethical toward their customers, suppliers, and others in their workplace....
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- Winter '08
- Business Ethics