Which of the following statements is True with regard to trust, justice, and ethics?
A) Justice reflects the actual degree of fairness of an authority's decision making.
B) The reputation of a company is independent of how trustworthy and ethical its practices are.
C) Trust in authorities like the management in a firm depends on two factors: justice and ethics.
D) Ethics reflects the degree to which the behaviors of an authority are in accordance with generally mandated legal requirements; morals and norms are not a part of ethics.
E) Relationships based on trust are completely free from risks and uncertainties.

Question

Quizplus · Accepted Answer

Trust in authorities, like the management in a firm, depends on two factors - justice and ethics. If the management is viewed as behaving unfairly or unethically, then trust in them is likely to erode. Therefore, trust, justice, and ethics are interlinked concepts. Option A is incorrect because justice is not just about the actual degree of fairness of an authority's decision-making, but also about the perceived fairness of the decision-making process. Option B is incorrect because a company's reputation is closely linked with how trustworthy and ethical its practices are, and unethical behavior can lead to reputational damage. Option D is incorrect because ethics include moral and social norms in addition to legal requirements. Option E is incorrect because relationships based on trust can still be subject to unforeseen risks and uncertainties.

Which of the Following Statements Is True with Regard to Trust