Ethical decision making in business:

Question

Quizplus · Accepted Answer

Ethical decision making in business should involve adherence to both written and implied rules of conduct in order to ensure that the interests of all stakeholders, including shareholders, are being considered. While there may be short-term costs associated with ethical decision making, such as potential loss of profits, it can also benefit the company in the long run by enhancing its reputation, improving customer loyalty, and attracting talented employees. Ethical considerations should be weighed equally alongside financial considerations, such as capital budgeting decisions, in order to ensure that the company is acting in a socially responsible manner.

Ethical Decision Making in Business