The Business Case for an Ethical Strategy

question 43

Multiple Choice

The business case for an ethical strategy:

• A) focuses primarily on costs that are difficult to quantify (for example,customer defections and adverse effects on employee productivity)but can often be the most devastating.
• B) emphasizes that pursuing unethical strategies not only damages a company's reputation but can also have costly consequences that are wide-ranging.
• C) starts with numerous ethical rules and guidelines and an environment where employees rely on these rules for moral guidance.
• D) starts with managers who understand there is a big difference between adopting values statements and codes of ethics that serve merely as window dressing and those that truly paint the white lines for a company's actual strategy and business conduct.
• E) begins with ethical guidelines that help send the message that management takes the observance of ethical norms seriously and that behavior falling outside ethical boundaries will have negative consequences.

---

Definitions:

Financial Advantages

Refers to the monetary benefits associated with a decision, investment, or policy.

Technical Skills

Specific abilities or expertise related to a particular field or industry, often requiring specialized knowledge or training.

Good Communicators

Individuals who effectively transmit and receive information, ideas, and feelings through verbal and non-verbal methods.