How Do Strong Ethical Values Benefit a Firm

question 86

Multiple Choice

How do strong ethical values benefit a firm?

• A) They lay the groundwork for a quick increase of profits and short-term success.
• B) They serve as the guardrails put in place to keep the company on track when pursuing its mission.
• C) They provide strong public relations, which can either benefit or hinder competitive advantage.
• D) They emphasize benefiting stakeholders by significantly increasing profit.

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Definitions:

Contact Hypothesis

A theory suggesting that under appropriate conditions, interpersonal contact is one of the most effective ways to reduce prejudice between majority and minority group members.

Equal Status

A principle suggesting that greater interaction between groups under conditions of equal status will reduce prejudice and improve relations among them.

Hostility

Aggressive behavior or attitudes directed towards others, often stemming from anger or antagonism.

Evolutionary Theory

A scientific framework that explains the diversity of life on Earth through the processes of natural selection, mutation, gene flow, and genetic drift.