Social Responsibility and Ethics

Generating profits and creating value for stakeholders = Economic Responsibility Complying with laws and regulations = Legal Responsibility Going beyond legal obligations to promote social welfare = Ethical Responsibility Contributing to the well-being of society through charitable donations and volunteerism = Philanthropic Responsibility

Actions that promote the greatest good for the greatest number of people = Utilitarianism Actions based on moral rules and duties, regardless of consequences = Deontology Actions that demonstrate moral character and virtues, such as honesty and fairness = Virtue Ethics Actions that prioritize individual interests over collective well-being = None of the above

When personal interests conflict with professional obligations = Conflict of Interest Reporting unethical or illegal behavior within an organization = Whistleblowing Unfair treatment based on race, gender, age, or other protected characteristics = Discrimination Ensuring accountability and transparency in business operations = Corporate Governance

<p>Building trust and credibility with stakeholders = Enhanced Reputation Attracting and retaining top talent = Improved Employee Morale Building brand loyalty and customer trust = Increased Customer Loyalty Reducing the risk of legal and reputational damage = Better Risk Management</p> Signup and view all the answers

<p>Outlining ethical principles and expectations = Establishing a Code of Conduct Providing ethics training for employees = Training and Education Ensuring accountability and transparency in business operations = Accountability and Transparency Engaging with stakeholders to understand their needs and concerns = Stakeholder Engagement</p> Signup and view all the answers

<p>Concern for the well-being of the environment = Philanthropic Responsibility Compliance with laws and regulations = Legal Responsibility Considering the impact of business decisions on stakeholders = Ethical Responsibility Generating profits and creating value for stakeholders = Economic Responsibility</p> Signup and view all the answers

<p>The greatest good for the greatest number of people = Utilitarianism Moral rules and duties = Deontology Moral character and virtues = Virtue Ethics Individual interests and rights = None of the above</p> Signup and view all the answers

<p>Legal liability and reputational damage = Conflict of Interest Retaliation and isolation = Whistleblowing Legal action and damage to brand reputation = Discrimination Financial losses and regulatory action = Corporate Governance</p> Signup and view all the answers

<p>Increased brand loyalty and customer retention = Improved Employee Morale Enhanced reputation and greater stakeholder trust = Enhanced Reputation Better risk management and reduced legal liability = Better Risk Management Increased customer loyalty and retention = Increased Customer Loyalty</p> Signup and view all the answers

<p>Improved employee morale and reduced turnover = Training and Education Enhanced reputation and greater stakeholder trust = Establishing a Code of Conduct Better risk management and reduced legal liability = Accountability and Transparency Increased customer loyalty and retention = Stakeholder Engagement</p> Signup and view all the answers