Asked by Jusseth Hernandez on Jun 27, 2024
Verified
Environmental Concerns.Connie,the president of a company that makes paper,has a new interest in the environment.She recently went to a seminar on environmental dangers and has decided to take steps to clean things up.She started at home and was also committed to change things at work.Connie had to face the fact that her company has been cheating and is not in compliance with applicable environmental regulations due to dumping in a nearby river.Her company has never been cited,however,because it employs a very large number of people in the community,including the mayor's wife and the chief-of-police's brother.On her mission to clean things up,Connie has decided to go even further than the law requires and install the very latest environmental protections.When she announced her plan,the chair of the company's board of directors,Brooke,had a meeting with Connie.Brooke told Connie to analyze the situation carefully because the cost of the additional equipment would mean no dividend to shareholders and no raise for employees.Furthermore,Brooke told Connie that installing all the new equipment would result in higher prices for the company's paper products and could bankrupt the company because of foreign competition.Brooke hinted that Connie could be fired if she persisted.Brooke suggested that Connie just be concerned with a minimal standard of ethics.Which of the following is the minimal standard that a business must meet in a consideration of business ethics?
A) Decisions must be legal.
B) Decisions must meet the criteria of a follower of the WPH Framework for Business Ethics.
C) Decisions must meet the requirements of the most important stakeholders.
D) Decisions must receive a majority vote of acceptance by employees.
E) Both that decisions must be legal and that decisions receive a majority vote of acceptance by employees.
Minimal Standard
A baseline level of quality or performance required to meet regulatory compliance or satisfy basic operational criteria.
WPH Framework
A decision-making framework used in business ethics, focusing on who (W) will be affected, the purpose (P) of the decision, and how (H) to make ethical decisions.
- Distinguish between legal and ethical factors in business decision-making.
Verified Answer
MS
mandeep sandhuJun 27, 2024
Final Answer :
A
Explanation :
The legality of a decision is the minimal standard that must be met in a consideration of business ethics.The existence of that minimum standard is essential for the development of business ethics.Think of the law as the most recent consensus about the lower level of business ethics.Law and business ethics serve as an interactive system-informing and assessing each other.
Learning Objectives
- Distinguish between legal and ethical factors in business decision-making.