When a Firm Decides to Integrate Ethical Decision Making into Its

question 65

Multiple Choice

When a firm decides to integrate ethical decision making into its strategic planning process, which of the following questions would most likely be asked at the implementation phase?

• A)Did any of the firm's actions have a negative impact on any stakeholder group?
• B)Does the firm want to include a commitment to ethics in its mission statement?
• C)Is the product priced fairly?
• D)Is the firm prepared in the event of an ethical lapse?
• E)Are there any new circumstances that require a change in strategy to avoid ethical issues?

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Definitions:

Population Growth Rates

The rate at which the number of individuals in a population increases in a given time period as a result of birth rate, death rate, and net migration.

Industrialization

The process of transforming economies from primarily agricultural to one based on the manufacturing of goods, typically leading to economic growth and development.

Capital Resources

Assets such as machinery, buildings, and equipment used to produce goods and services.

Per Capita Income

The per capita income in a particular area or country, found by taking the total revenue generated in that area and dividing it by the population size.