Companies Must Decide What Principle They Should Use as a Guide

question 124

Short Answer

Companies must decide what principle they should use as a guide on issues of ethics and social responsibility.Which one of the following is likely to be the LEAST common philosophy to accomplish this end?
Let the free market decide.
Let the legal system decide.
Let history decide.
Let individual managers decide.
Let individual companies decide.

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Definitions:

Exploring Problem

The process of investigating, understanding, and defining a problem before attempting to solve it, often involving gathering information and identifying underlying causes.

Creative Process Model

A theoretical framework outlining the stages involved in the production of new and innovative ideas or products.

Inspiration

The process of being mentally stimulated to do or feel something, especially to do something creative.

Verification

The process of confirming the accuracy, truth, or validity of something through the provision of empirical evidence or logical proof.