Which of following practices of a firm satisfies its ethical responsibilities?
A) Using plastic as the packaging material though it is harmful to the environment, yet legal
B) Outsourcing production to a less developed country and paying wages that are below its own country's accepted minimum wages
C) Using advertising and other forms of promotion to endorse luxurious lifestyles
D) Selling vaccines at a subsidized price in a less developed country even though this results in reduced shareholder returns

Question

Quizplus · Accepted Answer

Selling vaccines at a subsidized price in a less developed country even though this results in reduced shareholder returns, satisfies a firm's ethical responsibilities. A firm's ethical responsibilities go beyond its legal responsibilities. They embody the full scope of expectations, norms, and values of its stakeholders. Managers are called upon to do what society deems just and fair.

Which of Following Practices of a Firm Satisfies Its Ethical