Which of the Following Practices Should Be Avoided by a Company

question 5

Multiple Choice

Which of the following practices should be avoided by a company to ensure ethical decision making?

• A)Auditing past decisions made in the company
• B)Protecting the fundamental rights of stakeholders
• C)Taking care of the interests of external stakeholders
• D)Placing its economic interests before its moral principles
• E)Adopting the moral principles specified in the code of ethics of the company

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Definitions:

Group-centred

Focused on or revolving around the interests and needs of the group as a whole.

Laissez-faire

A policy or attitude of letting things take their own course, without interfering, often referred to in economics to describe a free-market system with minimal government intervention.

Coercion

The practice of compelling someone to act in an involuntary manner by use of threats or force.

Conformity

Deep-seated, private and enduring change in behaviour and attitudes due to group pressure.