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Why is business ethics an important topic to study for all business students?

One to two paragraphs per question:

1.) Why is business ethics an important topic to study for all business students?

2.) What are some pros and cons of Utilitarianism? Use your own words!

3.) Please discuss the differences between Altruism and Egoism and give an example of each?

4.) Is there a difference between Cultural Relativism and Moral Relativism? Please explain why.

5.) What do you think of the Categorical Imperative Dignity Principle of Immanuel Kant.