In Which Step of Ethical Decision Making Is It Crucial

question 36

Multiple Choice

In which step of ethical decision making is it crucial for the management of a firm to investigate any potential issues associated with the various options available?

• A)Identifying issues
• B)Promoting the firm's corporate social responsibility efforts
• C)Gathering information and identifying stakeholders
• D)Brainstorming and evaluating alternatives
• E)Choosing a course of action

---

Definitions:

Salvage Value

The estimated resale value of an asset at the end of its useful life.

Cost Savings

Reductions in costs achieved through methods such as efficiency improvements, negotiations for better prices, or elimination of unnecessary expenses.

Product Line

A series of related products offered by a company, often serving a common market or purpose.

Net Income

The amount of earnings left after all expenses and taxes have been deducted from total revenue.