The idea that the same basic ethical rules are applicable in all cultures is called ethical relativism.

According to the case on Jack Welch at GE, Mr. Welch stressed improving productivity and favored globalization of production to lower costs; not only did he eliminate unnecessary job positions, he moved many others out of the United States.

Another name for the internal environment of a business is the ______ environment.

The idea that cultural experience creates very different sets of ethical values which are subjective is known as the theory of:

The measure of a company s success under the Market Capitalism model is how much profit it makes for its shareholders.

The BGS model that envisions an ethical duty to each of a corporation s stakeholders is called the dominance model.

The idea that an action should be chosen which results in the greatest benefit for the company and its workers is basic to the utilitarian ethic.

In the BGS field, this Defines the broad Duties that businesses must perform to retain society’s support.:

In ‘The Prince’, Machiavelli argued that when ends are of overriding importance or virtue, unscrupulous means may be employed to reach them. This is known as the:

The macroenvironment of business includes all of the following except: