Description Interactive activity 2.1 Learning Outcomes: Upon completion of this week’s activities, you will be able to: Articulate the importance of business ethics. Analyse the arguments for and against corporate social responsibility. Critique an ethical dilemma 2.2 Action Required: Watch the short video in the following link and answer the questions that follows: What is Ethics? What is Business Ethics? 2.3 Test your Knowledge (Question): Do you think business ethics is important? Why or why not? Your Cynicism Quotient Answer the following questions as honestly as you can. Circle the number between 1 and 5 that best represents your own beliefs about business. Strongly Disagree Strongly Agree 1. Financial gain is all that counts in business 1 2 3 4 5 2. Ethical standards must be compromised in business practice 1 2 3 4 5 3. The more financially successful the businessperson, the more unethical the behavior. 1 2 3 4 5 4. Moral values are irrelevant in business 1 2 3 4 5 5. The business world has its own rules. 1 2 3 4 5 6. Business persons care only about making profit. 1 2 3 4 5 7. Business is like a game – one plays to win. 1 2 3 4 5 8. In business, people will do anything to further their own interest. 1 2 3 4 5 9. Competition forces business managers to resort to shady practices. 1 2 3 4 5 10. The profit motive pressures managers to compromise their ethical concerns. 1 2 3 4 5
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