Which of the following statements is true regarding business ethics and social responsibility?Multiple ChoiceAll unethical actions are also illegal.The concerns of what is legal and ethical do not change over time.The terms social responsibility and ethics should be used interchangeably.Companies can be both profitable and socially responsible.Profitable businesses do not consider their social responsibility.

A difference between business ethics and social responsibility is that business ethicsMultiple Choicerelates to an individual’s values and standards of conduct, whereas social responsibility concerns the values and standards of conduct of an organization as a whole.relates to an individual’s or a work group’s decisions that society evaluates, whereas social responsibility concerns the impact of an entire business’s activities on society.is determined solely by internal stakeholders, whereas a social responsibility decision is made by external stakeholders.is optional for business organizations, whereas social responsibility is required.

Select all that applyWhich of the following statements are true regarding business ethics?Multiple select question.Ethics provides a behavioral guideline for a variety of situations.Ethical rules provide behavioral guidelines. In some cases, it may be necessary to act outside the guidelines.There are several ways (principles) to approach thinking about ethical problems.Ethical questions can arise in many situations.

Identify a true statement about business ethics.Multiple choice question.It has nothing to do with individuals' values and principles.It involves both personal and organizational decisions.It has nothing to do with subjective conjecture.It always involves dramatic and far-reaching social consequences.

Which of the following is NOT true regarding ethics in organizations?Question 12Select one:a.In recent years, ethics has become a major issue in U.S. organizations.b.Organizations such as Wells Fargo have lost business following exposure of unethical business practices.c.Sarbanes-Oxley Act established procedures for reporting corporate finances.d.Codes of ethics are increasingly popular in U.S. organizations.e.A mission statement details an organization’s primary values and the ethical rules it expects managers and employees to follow.

Which of the following are the opposing views of how large, publicly held corporations should approach social responsibility and ethics?Question 2Select one:a.Business should behave ethically, focusing only on environmentalism.b.Business should behave ethically, focusing exclusively on shareholders/investors.c.Business should behave ethically, being responsible to all stakeholders.d.Business should behave ethically, fulfilling a strategic mission.