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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