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Why are ethical decisions important in business?

Answer and explanation

Correct answer: To maintain trust and fair conduct

Ethical decisions apply honesty, fairness, transparency, and responsibility when dealing with customers, employees, suppliers, owners, and society. Such conduct supports trust, reputation, sustainable relationships, and compliance with applicable rules. Fraud, concealment, and deliberate disregard for regulations may produce a short-term advantage for someone, but they are unethical and can cause harm and loss of trust.

Related tags

Business EthicsTrustSocial Responsibilities Of Business And Business EthicsBusiness StudiesClass 11 Mcq

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