Which of the Following Is a Key Step in Evaluating

question 32

Multiple Choice

Which of the following is a key step in evaluating ethical decisions in business?

• A)Assuming that ethical issues do not include all areas of organizational activities
• B)Recognizing that social responsibility and ethics are inversely related to each other
• C)Understanding that business ethics does not go beyond legal issues
• D)Identifying that ethics is not culture-specific
• E)Learning how to recognize and resolve ethical issues

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Definitions:

Marketing Plan

A marketing plan outlines an organization's strategy for promoting its products or services, including target market analysis, marketing objectives, and specific campaigns or actions.

Situation Analysis

An assessment process that involves evaluating the internal and external factors affecting an organization's performance to identify potential opportunities and threats.

Internal Environment

Refers to the conditions, entities, events, and factors within an organization that influence its activities and choices, including its employees, management, corporate culture, and internal processes.

External Environment

All external factors outside of an organization that affect its operations, including market trends, economic conditions, and regulatory landscape.