Why is it so important that managers, and people in general, should act ethically and temper their pursuit of self-interest by considering the effects of their actions on others?
A)because giving excessive importance to oneself with no consideration of societal interests leads to disaster for each individual and for the whole society because scarce resources are destroyed
B)because ethical issues are seldom clear-cut, since the rights, self-interests, goals, and incentives of different stakeholders often conflict
C)because a manager has no reluctance about communicating an ethical decision to people outside the company since the typical person in a society would think it is acceptable
D)because if all companies make the right choices, all stakeholders will benefit in the long run

Question

Quizplus · Accepted Answer

Acting ethically and considering the effects of actions on others is crucial because prioritizing self-interest without regard for societal interests can lead to the destruction of scarce resources, ultimately resulting in negative consequences for both individuals and society as a whole.

Why Is It So Important That Managers, and People in General