The increased global presence of many firms has lessened the burden to behave ethically.

Question

Quizplus · Accepted Answer

The increased global presence of many firms has actually increased the burden to behave ethically, as they must now navigate different legal systems, cultural norms, and societal expectations in various countries where they operate. Failure to behave ethically can lead to reputational damage, legal and regulatory penalties, and loss of consumer trust, which can have a significant impact on the success and profitability of the firm.

The Increased Global Presence of Many Firms Has Lessened the Burden