Which of the following statements about ethical behavior in business is true?
A) The legal environment sets the highest standards of ethical behavior.
B) The legal environment sets the maximum standards of ethical behavior.
C) The legal environment sets the minimum standards of ethical behavior.
D) The legal environment sets the normative standards of ethical behavior.
E) None of these statements about ethical behavior is true.

Question

Quizplus · Accepted Answer

The legal environment sets the minimum standards of ethical behavior that a business must follow. Businesses should strive to exceed these minimum standards and follow higher ethical codes and standards to build trust and reputation with stakeholders. However, it is important to note that the legal environment does not necessarily dictate what is morally right or wrong, and businesses should consider their impact on society and the environment when making ethical decisions beyond legal requirements.

Which of the Following Statements About Ethical Behavior in Business