26.2. Importance of Ethics in Business

Try these first

1. 1.

   What is one way ethical behavior builds trust in business?

   Hint

   Think about how customers feel treated.

2. 2.

   How does an ethical company enhance its reputation?

   Hint

   Consider how brands are perceived by the public.

3. 3.

   What is one benefit of ethical behavior in business?

   • A) Legal complications
   • B) Reduced trust
   • C) Enhanced brand reputation

   Hint

   Remember why companies work hard to maintain their public image.

4. 4.

   True or False: Ethical companies are more likely to experience legal challenges.

   • True
   • False

   Hint

   Connect the dots between ethics and legal safety.

5. 5.

   Consider a company facing accusations of unethical practices. How should it approach the situation to restore trust with stakeholders?

   Hint

   Think about how companies in crisis manage their reputations.

6. 6.

   Discuss the impact of social media scrutiny on ethical behavior in business. How has this changed the landscape?

   Hint

   Consider how public perception can change rapidly online.