Briefly comment on the following statements : (i) Ethical conduct is in the long-term interest of business.
CS Professional · Ethics, Governance and Sustainability · PYQS · June 2016
Briefly comment on the following statements : (i) Ethical conduct is in the long-term interest of business.
Answer & Explanation:
Ethical conduct is in the long-term interests of business. A business enterprise that is honest and fair to its customers, employees, and other stakeholders earns their trust and goodwill. It ultimately results in customer satisfaction, healthy competition, industrial growth and high earnings. Businesses must balance their desire to maximise profits against the requirements of stakeholders.
Topics: Ethics
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