Question

List and explain why Robert Solomon contends ethics is good business.

A) Because ethics ensures profitability.
B) Because ethics attracts customers.
C) Because unethical behavior leads to legal consequences.
D) Because ethics fosters trust and reputation.

What is the divine command theory?
A) It states that ethics is based on divine revelation.
B) It is a theory of economic management.
C) It proposes that ethics is relative to culture.
D) It suggests that ethics is purely utilitarian.

Answer 1

Robert Solomon contends that ethics is good for business because it ensures profitability, attracts customers, avoids legal consequences, and fosters trust and reputation.

Step-by-step explanation:

Robert Solomon contends that ethics is good for business for several reasons.

1. Ethics ensures profitability: When a business operates ethically, it builds trust with its customers, employees, and stakeholders. This trust leads to customer loyalty, repeat business, and positive word-of-mouth, which ultimately contributes to profitability.
2. Ethics attracts customers: Consumers are increasingly concerned about the ethics and values of the businesses they support. A company that prioritizes ethical practices and social responsibility is more likely to attract and retain customers.
3. Unethical behavior leads to legal consequences: Engaging in unethical practices can result in legal penalties, fines, and damage to a company's reputation. By adhering to ethical behavior, businesses can avoid these negative outcomes.
4. Ethics fosters trust and reputation: When a company consistently demonstrates ethical behavior, it builds a positive reputation in the market. This reputation attracts quality employees, business partners, and investors, which contributes to the long-term success of the business.