Manag., January-2017-Q50

50A business should act ethically for which of the following reasons?
(a) To prevent harm to the general public
(b) To meet stakeholder expectations
(c) To protect their own employees
(d) To maximize the profit of the business

Option : A
Explanation : There are a number of reasons given below as to why businesses should act ethically:
> Protect its own interest (prudence).
> Protect the interests of the business community.
> Keep its commitment to society to act ethically.
> Meet stakeholder expectations.
> Prevent harm to the general public.
> Build trust with key stakeholder groups.
> Protect themselves from abuse from unethical employees and competitors.
> Protect their own reputations.
> Protect their own employees.
> Create an environment in which workers can act in ways consistent with their values.

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