Identify a true statement about business ethics.
A) Business ethics decrease shareholders' trust in the company.
B) Business ethics result in recurring fines and legal expenses.
C) Business ethics attract business from customers who appreciate and support political parties.
D) Business ethics reduce the economic viability of the communities where these firms operate.
E) Business ethics attract and keep employees of the highest caliber.

Question

Quizplus · Accepted Answer

Business ethics are essential for attracting and retaining high-caliber employees who value integrity and accountability in the workplace. Additionally, businesses that prioritize ethical behavior are more likely to build a reputation for transparency, honesty, and responsibility, which can help them attract and retain customers in competitive markets. Business ethics may also lead to positive impacts on communities by promoting responsible environmental practices, fair labor standards, and social responsibility. Thus, it is essential for businesses to adhere to ethical practices. The remaining statements are false.

Identify a True Statement About Business Ethics