Which of the following is NOT one of the three levels of ethical standard proposed in the Scarborough textbook? The law Morality Moral relativity Policies and practices
Which of the following is NOT one of the three levels of ethical standard proposed in the Scarborough textbook? The law Morality Moral relativity Policies and practices
Chapter5: Ethics, Corporate Responsibility, And Sustainability
Section5.3: Ethical Principles And Responsible Decision-making
Problem 1CC: What are some ethical guidelines individuals and organizations can use to make ethical choices?
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Transcribed Image Text:Which of the following is NOT one of the three levels of ethical standard proposed in the
Scarborough textbook?
The law
Morality
Moral relativity
Policies and practices
Expert Solution
Step 1
The business growth is based on the ethical moves made by the management and owners of the organization. The customers, government, and other stakeholders will expect the company to run the business in a ethical manner. If the customers knows that the company is involving in fraudulent practices or not running the business ethically, then the customers will not come again to the company for business dealings. Hence it is very important for an organization to run the business in a ethical manner to increase their profitability as well as to sustain in the market for a long term.
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