When a Company Chooses What Principle to Follow on Issues

question 94

True/False

When a company chooses what principle to follow on issues of ethics and social responsibility, there are two common philosophies to use as guides: let the free market and legal system decide or let individual managers and companies choose.

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Definitions:

Power-Oriented Decision

A decision-making approach that prioritizes the maintenance, acquisition, or demonstration of power within an organization or group.

Transformational Leadership

A style of leadership where leaders work with their team to identify needed change, creating a vision to guide the change through inspiration and executing the change in tandem with committed members of the group.

Loyal

Showing steadfast allegiance or faithfulness to a cause, institution, or individual.

Superior Performance

Exceeding established norms or benchmarks in activities, efforts, or outputs, typically resulting in significant achievements or recognition.