Asked by Sophia Colosimo on Jun 27, 2024
Verified
What is one of the four principles that guides how ethical companies act?
A) shortchange customers and vendors
B) perform only in ways that benefit the company
C) have a sense of purpose or vision that employees value and use
D) only permit top management to take responsibility for the company
E) emphasize fairness only if it suits the company
Ethical Companies
Businesses that operate according to ethical principles and practices, including fairness, respect for individual rights, and commitment to social responsibility.
Sense of Purpose
A personal outlook that involves having clear goals, values, and belief in the importance of one's actions, contributing to meaningfulness in work or life.
Top Management
Refers to the highest level of executives who are responsible for the overall direction and strategy of an organization.
- Acquire knowledge of the ethical norms applied in HRM operations.
Verified Answer
ZK
Zybrea KnightJul 04, 2024
Final Answer :
C
Explanation :
The principle of having a sense of purpose or vision that employees value and use is one of the four principles that guide how ethical companies act. The other principles include honesty, fairness, and responsibility to stakeholders. Shortchanging customers and vendors (A), performing only in ways that benefit the company (B), only permitting top management to take responsibility (D), and emphasizing fairness only if it suits the company (E) are not ethical principles and can lead to unethical behavior.
Learning Objectives
- Acquire knowledge of the ethical norms applied in HRM operations.