What statements are true regarding management ethics and business ethics?
A) Management ethics and business ethics are essentially the same.
B) Managerial ethics differs from business ethics because managers are not only responsible for their individual behavior at work; they have ethical responsibilities because of their position.
C) Managers need only answer to the ethical questions involving their employees.
D) Managers are responsible for developing moral standard policies and procedures to guide employee behavior and for ensuring that their employees behave ethically.
E) Managers face more stakeholders with conflicting interests than employees.

Question

Quizplus · Accepted Answer

A) Management ethics and business ethics are not essentially the same. Management ethics specifically refers to ethics related to individual behaviors and decision-making within management roles, while business ethics encompasses ethical considerations related to the operations and decision-making of the entire organization. 
B) This statement is true. Managerial ethics go beyond individual behavior and involve ethical responsibilities related to their position, such as ensuring ethical behavior of their employees and making moral policy decisions. 
C) This statement is false. Managers have ethical responsibilities to not only their employees but also other stakeholders such as customers, investors, and the community. 
D) This statement is true. Managers are responsible for developing policies and procedures that guide employee behavior and ensuring that these policies are being followed. 
E) This statement is true. Managers have to navigate ethical dilemmas from a variety of stakeholders with different interests, which can make ethical decision-making more complex.

What Statements Are True Regarding Management Ethics and Business Ethics