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:

NLRA

The National Labor Relations Act, legislation enacted by the U.S. Congress in 1935 to protect the rights of employees and employers, to encourage collective bargaining, and to curtail certain private-sector labor and management practices.

Unfair Employer Practice

Any act by an employer that is unjust, discriminatory, or violates an employee's rights or labor laws.

Unionize

The act of organizing into or forming a union, especially for the purpose of collective bargaining with employers.

Bargain Collectively

The process by which employees negotiate contracts regarding wages, hours, and other terms of employment through their representatives.