Name the Five-Step Process That a Manager Should Use for Ethical

question 48

Essay

Name the five-step process that a manager should use for ethical decision making.

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Definitions:

Pollution

The release of harmful substances or products into the environment as a result of human activity.

Marketplace

A physical or digital location where goods and services are exchanged between buyers and sellers.

Externality

A cost or benefit that affects a party who did not choose to incur that cost or benefit.

Soy-Based Grease

A type of lubricant derived from soy oil, known for being biodegradable and environmentally friendly, typically used in various mechanical and industrial applications.