In the Five-Step Framework for Making Ethical Decisions, Implementing a Course

question 55

Multiple Choice

In the five-step framework for making ethical decisions, implementing a course of action implies ________.

• A) assessing how effective the decision was
• B) reviewing any proposed action to ensure it is acceptable according to company policy and the firm's code of conduct
• C) determining the nature and dimensions of the ethical problem
• D) creating new rules, processes, or procedures, and putting these into effect

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Definitions:

Triple Bottom Line

An accounting framework that incorporates social, environmental, and financial performance indicators as measures of success.

Environmental Criteria

Standards or benchmarks used to assess and evaluate the environmental impact of an organization's operations, products, or services.

Social Denominator

A common trait or characteristic that enables individuals within a society to relate to each other.

Stakeholder Power

The capacity of a stakeholder to positively or negatively affect an organization’s operations.