Asked by Lizzie Stanz on Jun 23, 2024
Verified
What is the following is true of ethics and social responsibility in business?
A) Ethical conduct and corporate social responsibility are linked to increased profits.
B) Businesses do not need to consider social values in the contemporary scenario.
C) Investors and retired employees remain unaffected in case of scandals.
D) Businesses' reputations depend solely on their profits.
E) Business misconduct is likely to be widely excused if it enhances firms' profits.
Corporate Social Responsibility
A business approach that contributes to sustainable development by delivering economic, social, and environmental benefits for all stakeholders.
- Comprehend the relationship between ethical conduct, corporate social responsibility, and business profitability.
Verified Answer
DS
Deeep SinghhJun 24, 2024
Final Answer :
A
Explanation :
Ethical conduct and corporate social responsibility can lead to increased profits by building a positive reputation, fostering customer loyalty, and potentially avoiding legal issues, all of which can contribute to a company's financial success.
Learning Objectives
- Comprehend the relationship between ethical conduct, corporate social responsibility, and business profitability.
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