WK-2 Assignment.docx - BUS-121 WK-2 Assignment Student’s Name Sue Haxton Instructions After reading and reviewing weekly resources(i.e chapter text

WK-2 Assignment.docx - BUS-121 WK-2 Assignment Student’s...

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BUS-121 WK-2 Assignment Student’s Name Sue Haxton Instructions: After reading and reviewing weekly resources (i.e. chapter text, reference items), answer the following questions. Add your answer in the appropriate areas below, save your work and upload your file to the designated assignment drop box in D2L. Chapter 2: Business Ethics 1. Define ethical standards . (5 points) Answer: Ethical standards are standards of behavior beyond legal requirements and grounded in various theories related to definitions of ethics. 2. Business ethics is a complex term with many layers of meaning. Identify the three (3) layers of business ethics. (5 points) Answer: The three layers of business ethics are: 1. Basic values such as being honest, keeping promises, and not taking things that do not belong to you. 2. Fairness, such as how we treat others, customers, and employees who report to us. 3. This layer is that of social responsibility, focuses on how a business should interact with the community, the environment, and it’s neighbors.
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