Which of the Following Is a Prescribed Guideline for Ethical

question 53

Multiple Choice

Which of the following is a prescribed guideline for ethical decision making?

• A)What gives me maximum profit?
• B)Will stakeholders offer support?
• C)How can I increase the number of shareholders?
• D)How do the alternatives impact my business firm?

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Definitions:

Manager's Time

The allocation, management, and prioritization of time by someone in a managerial position, crucial for effective leadership, decision-making, and organizational productivity.

Power Sharing

The distribution of authority and decision-making abilities among multiple members of an organization or group to foster inclusion and diversity of thought.

Joint Decision Making

The process by which two or more parties collaborate and share insights to come to a mutually agreed-upon decision.

Substantial Delegation

The significant transfer of responsibility and authority from one person to another while retaining accountability for the outcome.