32. People\'s ethical beliefs come from: A. Legislative action and judicial deci

Question

32. People's ethical beliefs come from: A. Legislative action and judicial decisions. B. Reading the company's profit and loss statements. C. Their religious background, family, and education D. The organization's code of ethics. 33 Businesses are expected to be ethical in their relationships with: A. Stockholders B. Customers C. Competitors D. All of the above 34. An entrepreneur mentioned in class who went to jail after a government investigation over an ethics issue was: A. Donald Trump B. Kenneth Lay C. Bill Clinton D. Martha Stewart

Explanation / Answer

32. Answer is option C. People's ethical beliefs come from religious backround, family and education. Ubringing and social environment plays a major role in people's ethical beliefs.

33. Answer is option D. It is the responsibility of businesses to be ethical to all the stakeholders, i.e. stockholders, cutomers and competitors.

34. Answer is option D. Martha Stewart is the entrepreneur who went to jail after a government investigation over an ethics issue. The issue is related to insider trading.  

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