How Do Ethical Principles Apply to Businesses

question 9

Multiple Choice

How do ethical principles apply to businesses?

• A)They chiefly deal with the actions and behaviors required to operate companies in a socially responsible manner.
• B)They chiefly deal with the rules each company's top management and board of directors make about "what is right" and "what is wrong."
• C)They are not materially different from ethical principles in general.
• D)They are generally less stringent than the ethical principles for society at large.
• E)They are generally more stringent than the ethical principles for society at large.

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Definitions:

Unit Relation

The connection or association between different units or elements within a system or structure.

Balance Theory

A psychological theory suggesting that individuals strive for internal consistency among their beliefs, attitudes, and perceptions, especially in the context of interpersonal relationships.

Unit Relation

The way in which individual components or units within a system or an organization are connected and interact with one another.

Triad

A group or set of three related elements or people, often used in sociology to describe small social groups.