Which of the Following Statements Is True About Ethical Decision

question 117

Multiple Choice

Which of the following statements is true about ethical decision making?

• A)In ethical decision making,managers need not consider the implications of a proposed strategic decision on external stakeholders.
• B)In ethical decision making,it is illegal to apply the moral principles articulated in any company document other than the code of ethics.
• C)Since maximizing long-run profitability is the decision rule that most businesses stress,it should be applied irrespective of whether moral principles are being violated.
• D)Companies should place their narrow economic interests before the interests of stakeholders.
• E)In ethical decision making,managers need to ensure that a proposed decision does not violate the fundamental rights of any stakeholders.

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Definitions:

Milgram Experiment

A psychological experiment conducted by Stanley Milgram in the 1960s to study obedience to authority, where participants were instructed to administer electric shocks to another person.

Stanford University Prison Experiment

A psychological study conducted by Philip Zimbardo in 1971 at Stanford University, where students were assigned roles of prisoners and guards to explore the effects of perceived power.

Generalization

Drawing a conclusion about a certain characteristic of a population based on a sample from it.

Logical Support

The provision of reasons or evidence to justify a claim or argument.