Fraud Is the Ultimate Unethical Act in Business Because

question 103

Multiple Choice

Fraud is the ultimate unethical act in business because:

• A) the perpetrators usually do so for their own short-term economic gain at the expense of others.
• B) fraud is illegal.
• C) fraud violates the rights of many for the temporary betterment of a few.
• D) of all of the above.

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Definitions:

Virtuous Circle

What occurs when socially responsible behaviour improves financial performance, which leads to more responsible behaviour in the future.

CSR

Corporate Social Responsibility, a business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Socially Responsible Behaviour

Actions by individuals or organizations that contribute to the welfare of society and the environment.

Virtuous Circle

A sequence of events where each one positively influences the next, leading to continuous improvement or beneficial results.