d) In Industrial management, elaborate three (3) of the ethical challenges and propose your action to address the challenges.
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- What are the three ethical stances that an organization should take, with examples?What are some of the most important ethical considerations that managers need to be aware of, and how can they ensure that their actions are consistent with these ethical principles?Explain 5 points on how the board of directors will help to construct an ethical business environment by relating to the 2 corporate governance codes, governance structure and Structure of the Board and it committees.
- The three levels of ethical standards are ………. Select one: a. the law, the policies and procedures of the company, and the moral stance of the individual. b. the law, the government, large, medium and small businesses. c. the judiciary, the government and politicians, and the voters. d. the government, large, medium and small businesses, and people.2.1.Explain the categories of justice and fairness from a deontological perspective and consider ways in which business can implement some , if not all, these categories in their policies and procedures.Explain the fundamental ethical principles for professionalaccountants and evaluate where there is an apparent conflict.
- Explain what are the three ethical stances that an organization should take with examples ?…………………………is the awareness of a company’s managers of the social, environmental, political, human, and financial consequences of their actions. Select one: a. Political responsibility b. Human responsibility c. Social responsibility d. Financial responsibilityIdentify 6 classical ethical principles. Briefly explain each of them.
- How do organizations and individuals evaluate and address ethical dilemmas in the workplace?What are the ethical considerations that organizations should be cognizant of for their future business endeavors? At the strategic level, what are the top challenges and concerns? Why?Give examples of 3 unethical business practices and explain them in your own words. Why should these practices be a concern for management?