Which of the following statements best justifies why a company should act in an ethical manner?
A) The government will take action if a firm fails to act ethically.
B) Acting ethically always maximizes profits in the short run.
C) Acting ethically will help a company to prosper in the long run.
D) The right thing to do is always the least expensive alternative.

Question

Quizplus · Accepted Answer

Acting ethically can help a company to build a positive reputation, gain customer trust and loyalty, and attract and retain high-quality employees. This can lead to long-term profitability and sustainability. Additionally, acting unethically can result in negative publicity, legal challenges, and a damaged reputation, which can harm the company in the long run.

Which of the Following Statements Best Justifies Why a Company