Ethical issues in business have become unprecedently complex over the past two(2)-decades. One of the reasons is
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Question:
“Ethical issues in business have become unprecedently complex over the past two(2)-decades. One of the reasons is that businesses feel increasingly compelled to engage in socially responsible activities – particularly those that benefit external stakeholders."
Required:
- Explain whether you believe ethical issues in business have become increasingly complex over the past 2-decades, and one reason as to why this is/is not the case?
- With reference to either: arguments of the social contract, less government regulation, or long-run profits, explain why you believe/do not believe that one of the reasons for this is that businesses feel increasingly compelled to engage in socially responsible activities.
- Provide an example with reference to a fictitious or non-fictitious business of an ethical issue in that business, and whether that business considered social responsibility in determining an outcome.
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