Question: Select the true statement about the relationship between law, ethics, and business. Since morals and ethics are not objective and cannot be specifically measured, the

Select the true statement about the relationship between law, ethics, and business.

  • Since morals and ethics are not objective and cannot be specifically measured, the relationship between the value of a business and its ethical conduct is murky at best.

  • People generally have similar opinions on what actions or conduct are called moral, and the marketplace rewards businesses that conduct themselves in such a manner.

  • The marketplace is generally unconcerned with whether or not businesses conduct themselves morally, since morality is difficult to define.

  • Each person has a different definition of what is moral or ethical, so it is not possible for businesses to know what qualifies as ethical conduct.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

1. Which of the following is an important purpose of intellectual property rights? A To make new products affordable for consumers B To give Congress the power to decide which discoveries are useful...

Q:

Select the true statement about the relationship between law, ethics, and business. Since morals and ethics are not objective and cannot be specifically measured, the relationship between the value...

Q:

Question and Answers below Select the true statement about the relationship between law, ethics, and business. People generally have similar opinions on what actions or conduct are called moral, and...

Q:

Tort law is similar to criminal law in that __________. they both require a wrongful act by a defendant for the plaintiff to recover they both require specific intent on the part of the defendant...

Q:

Select the true statement about the relationship between law, ethics, and business. The law ensures ethical conduct in most areas of business. Abiding by the law is sufficient for businesses to earn...

Q:

Question 5 Mark this question Select the true statement about the relationship between law, ethics, and business. Ethical business practices and conduct generate goodwill that can be measured in the...

Q:

Question 5 Mark this question Select the true statement about the relationship between law, ethics, and business. Ethical business practices and conduct generate goodwill that can be measured in the...

Q:

1. What is the purpose of the Bill of Rights in the U.S. Constitution? A. To establish a division of power between the branches of government B. To define the relationship between the states C. To...

Q:

1. What is the purpose of the Bill of Rights in the U.S. Constitution? A. To establish a division of power between the branches of government B. To define the relationship between the states C. To...

Q:

fkaa There are 3 parts to question it is an article: UK Corporate Governance Code reporting last year, FRC stated that: "Effectively applying the Corporate Governance Code Principles is much more...

Q:

Define note payable. Differentiate between a secured and an unsecured note.

Q:

(a) Distinguish between mutual and one-way trust among AD domains. (b) Distinguish between transitive and intransitive trust. (c) What principle should companies follow in making trust assignments?

Q:

You own 3 0 0 shares of Delta stock, which is currently worth $ 4 2 a share. You just paid an option premium of $ . 7 0 to buy 3 put contracts on this stock with a strike price of $ 4 0 . What is the...

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...