Which of the following situations could result in the busine

Which of the following situations could result in the business culture becoming a determining factor in ethical decision making? a. Lack of competition b. Law providing incomplete answers c. Lack of strong leadership d. Stagnant or decreasing profits

Solution

Answer - B :- Law providing incomplete answers

The scenerio is that when law is not able to provide the complete answer, then it is the business who is going to decide the complete answer for the case/concern. The business can take the ethical decision. This ethical decision is purely depends upon the culture of the business. Thus culture of the business drives the business to take the ethical decision in a situation in which law is not able to provide the complete answer to the query or concern.

This is a very practical scenerio. When a person takes a decision, the person will take the decision based on his belief and his thought processes. These beliefs and thought processes of a person are driven from the cultural beliefs of the person. Hence culture is the determining factor in taking the ethical or right decision.