Question

The recommended way to address situations that pose ethical dilemmas is to:
A. seek advice from colleagues.
B. obey all local laws and securities regulations.
C. have an explicit ethical framework, on both a personal and firm-wide level.

Answer 1

Answer:

C. have an explicit ethical framework, on both a personal and firm-wide level.

Answer 2

Answer:

The recommended way to address situations that pose ethical dilemmas is to have an explicit ethical framework, on both a personal and firm-wide level. (Option C).

Explanation:

• The moral code that directs employees' behavior in terms of what is right and wrong in terms of behavior and decision-making is known as ethics in the workplace.
• Both the individual employee's best interest and the best interest of those harmed are taken into consideration while making ethical decisions at work.
• The latter part of the term is frequently the hardest for particular employees to follow.
• Additionally, a company's ethical standards should be upheld not only by individual employees but also by the entire business.
• It's crucial to realize that moral conduct at work can encourage productive employee actions that promote organizational development, just as unethical conduct there can spark negative media attention that promotes organizational failure.
• Beyond protecting one's reputation, ethical behavior in the workplace has other advantages.
• Employee perceptions of an organization's ethical behavior can lead to favorable consequences and greater financial results.
• Employee performance, work happiness, organizational commitment, trust, and organizational citizenship behaviors can all be improved by perceived ethical behavior.
• Altruism, conscientiousness, civic virtue, sportsmanship, and civility are examples of organizational citizenship behaviors.

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