Video Question. Go to this text’s Web site at www. thomsonedu.com/westbuslaw/blt and select “Chapter 7.” Click on “Video Questions” and view the video titled Ethics: Business Ethics an Oxymoron? Then answer the following questions.
1 According to the instructor in the video, what is the primary reason that businesses act ethically?
2 Which of the two approaches to ethical reasoning that were discussed in the chapter seems to have had more influence on the instructor in the discussion of how business activities are related to societies? Explain your answer.
3 The instructor asserts that “[i]n the end, it is the unethical behavior that becomes costly, and conversely ethical behavior creates its own competitive advantage.” Do you agree with this statement? Why or why not?