Ethical behavior
A) is the fifth basic principles of finance.
B) cannot be a concern to managers who are expected to maximize shareholder value.
C) in the corporate world means not breaking any laws.
D) is essential in business because unethical behavior destroys trust and business relationships.

Question

Quizplus · Accepted Answer

Ethical behavior is essential in business because it creates a culture of trust and responsible decision-making. Unethical behavior can destroy relationships and harm a company's reputation, which can ultimately impact their financial success. It is not just about following laws, but also making moral considerations in decision-making. Managers should prioritize ethical behavior along with maximizing shareholder value to maintain long-term success.

Ethical Behavior