Managers of corporations need to act in an ethical manner
A) because ethics violations will be punished by the law.
B) because a business must be trusted by investors, customer and the public if it is to succeed.
C) because business managers must answer to a higher authority.
D) because ethical behavior is its own justification.

Question

Quizplus · Accepted Answer

Trust is essential for any successful business to thrive as it creates a positive reputation and attracts investors, customers, and the public. Acting ethically establishes trust and long-term relationships with stakeholders. Additionally, acting ethically is the right thing to do regardless of whether there will be legal consequences or not, and it reflects positively on the character and values of the business and its managers. While there may be higher authorities that oversee certain industries or aspects of business, ultimately, it is the responsibility of individual managers to act ethically and make decisions that align with the values of the company.

Managers of Corporations Need to Act in an Ethical Manner