The term "business ethics" is sometimes considered an oxymoron because:
A)small, new businesses tend to be less honest than large, established businesses.
B)the recent spate of financial scandals portrays organizations as fundamentally unethical.
C)the standard of corporate governance has been at its highest level in the last decade.
D)local businesses tend to have fewer accounting scandals than international businesses.

Question

Quizplus · Accepted Answer

The recent financial scandals have eroded trust in businesses and given the impression that business and ethics are incompatible. Though an increasing number of companies are taking steps to implement ethical and socially responsible practices, the legacy of past scandals remains. Options A, C, and D are incorrect because they do not reflect the current reality of business ethics. Small businesses do not have a monopoly on unethical behavior, corporate governance has not been universally strong, and local businesses may also engage in accounting scandals.

The Term "Business Ethics" Is Sometimes Considered an Oxymoron Because