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      Question

      What is the significance of the ethical principle of

      responsibility and accountability in business ethics?
      A Avoiding consequences of ethical lapses Correct Answer Incorrect Answer
      B Ignoring the impact on stakeholders Correct Answer Incorrect Answer
      C Acknowledging the consequences of business decisions Correct Answer Incorrect Answer
      D Encouraging unethical behavior Correct Answer Incorrect Answer

      Solution

      Explanation: Responsibility and accountability, as ethical principles, involve acknowledging the consequences of business decisions and considering the impact on stakeholders.

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