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Question
which of the following is one of the 10 ethical business principles? select all correct responses. choose all that apply. be loyal maximize profits for the firm maintain personal integrity obey the law treat everyone with respect
Brief Explanations
- "Be loyal": Loyalty to the organization, colleagues, and stakeholders is an ethical business principle as it fosters trust and positive relationships.
- "Maximize profits for the firm": This is more about financial goals rather than an ethical principle; ethical business principles focus on moral conduct, not just profit.
- "Maintain personal integrity": Personal integrity (being honest, having strong moral principles) is a key ethical principle in business as it ensures ethical decision - making.
- "Obey the law": Obeying the law is a fundamental ethical business principle as it forms the basic legal and moral framework for business operations.
- "Treat everyone with respect": Respecting all stakeholders (employees, customers, partners, etc.) is a core ethical business principle that promotes a positive and just business environment.
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A. Be loyal
C. Maintain personal integrity
D. Obey the law
E. Treat everyone with respect