BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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It is the social obligation that the individual manager has to fulfill.
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It is a statement of the social responsibility of the organization.
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It is the standard of conduct that guides a person’s decisions and behavior.
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It is the mission statement of the organization.
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Detailed explanation-1: -Managerial ethics is a set of principles and rules dictated by upper management that define what is right and what is wrong in an organization. It is the guideline that helps direct a lower manager’s decisions in the scope of his or her job when a conflict of values is presented.
Detailed explanation-2: -Which of the following statements BEST describes ethical behavior? It means that individuals act in a manner that follows their beliefs and social norms about what is right and good.
Detailed explanation-3: -Managerial Ethics Examples Giving employees a generous profit-sharing plan based on the company’s performance, demonstrates that leaders care not only about their personal profit but also about the growth and success of their people.