The business practices that a firm's leaders and employees view as right or wrong reflect their

Question

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The underlying values of the leaders and employees of a firm shape their beliefs about what is right or wrong in business practices. Ethical imperialism is the belief that one set of ethical standards should be universally applied to all cultures and societies, which may not necessarily reflect the values of the firm's leaders and employees. A code of ethics is a set of guidelines or principles that help to shape ethical business practices but is not the same as the values or beliefs that influence those practices.

The Business Practices That a Firm's Leaders and Employees View