When attempting to build ethical safeguards into the company,businesses can take the following specific approaches:

Question

Quizplus · Accepted Answer

Compliance and Integrity is the best choice as it involves both following laws and regulations (compliance) and promoting ethical behavior through values and principles (integrity). This approach ensures that the company is not only legal but also ethical in its business practices. Institutional and legal approach focuses mainly on following legal requirements, value-based approach relies on individual values and beliefs, and consequentialism approach focuses on the outcomes of actions rather than values or principles. Practical approach, on the other hand, prioritizes pragmatic solutions over ethical considerations.

When Attempting to Build Ethical Safeguards into the Company,businesses Can