Which of the following statements is true about ethical decision-making?
A) In ethical decision-making, managers need not consider the implications of a proposed strategic decision on external stakeholders.
B) In ethical decision-making, It is illegal to apply the moral principles articulated in any company document other than the code of ethics.
C) Since maximizing long-run profitability is the decision rule that most businesses stress, it should be applied irrespective of whether moral principles are being violated.
D) Companies should place their narrow economic interests before the interests of stakeholders.
E) In ethical decision-making, managers need to ensure that a proposed decision does not violate the fundamental rights of any stakeholders.
Correct Answer:
Verified
Q103: Which of the following practices should be
Q106: What are grease payments?
Q107: Which of the following is the last
Q108: Which of the following steps in ethical
Q117: The process of ethical decision-making or ethical
Q129: When an employee says no to a
Q131: _ fall into the category of external
Q133: Elephas Inc.is a steel rod manufacturing company
Q136: How can companies strengthen the moral courage
Q138: In a business setting,which of the following
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents