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)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, such as management in a firm, depends on two factors: justice and ethics. Justice refers to the fairness of an authority's decision-making, while ethics refers to the degree to which their behaviors align with accepted moral and legal standards. A company's reputation is often tied to how trustworthy and ethical its practices are, so statement B is false. Statement D is also false, as ethics encompasses both legal requirements and moral and normative considerations. Statement E is false, as relationships based on trust still involve some level of risk and uncertainty.

Which of the Following Statements Is True with Regard to Trust