When a Firm Decides to Integrate Ethical Decision Making into Its

question 65

Multiple Choice

When a firm decides to integrate ethical decision making into its strategic planning process, which of the following questions would most likely be asked at the implementation phase?

• A)Did any of the firm's actions have a negative impact on any stakeholder group?
• B)Does the firm want to include a commitment to ethics in its mission statement?
• C)Is the product priced fairly?
• D)Is the firm prepared in the event of an ethical lapse?
• E)Are there any new circumstances that require a change in strategy to avoid ethical issues?

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Definitions:

Research

The systematic investigation and study of materials and sources to establish facts and reach new conclusions.

Definitions

Precise explanations of the meaning of words or concepts.

Leadership

Influence exerted by one person over others to guide, structure, and facilitate activities and relationships in a group or organization.

Disagreement

A situation where two or more parties have differing opinions, views, or preferences about a particular topic or decision.