Identify the correct statement about business ethics.
A)Good business ethics decrease shareholders' trust in the company.
B)Good business ethics result in recurring fines and legal expenses.
C)Good business ethics attract business from customers who appreciate and support specific political parties.
D)Good business ethics reduce the economic viability of the communities where these firms operate.
E)Good business ethics attract and keep employees of the highest caliber.

Question

Identify the correct statement about business ethics. 
A)Good business ethics decrease shareholders' trust in the company.
B)Good business ethics result in recurring fines and legal expenses.
C)Good business ethics attract business from customers who appreciate and support specific political parties.
D)Good business ethics reduce the economic viability of the communities where these firms operate.
E)Good business ethics attract and keep employees of the highest caliber.

Quizplus · Accepted Answer

Good business ethics are crucial in attracting and keeping the best employees as they appreciate a company that behaves ethically and values integrity. A positive reputation for ethical conduct can also contribute to higher employee morale, which results in increased productivity and team cohesion. The other options are incorrect as they all have negative consequences and do not align with the benefits of good business ethics.

Identify the Correct Statement About Business Ethics