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Business Studies

Significance of Management Principles

The records a...

Question

The records and operation of the organisations have to be made more transparent. The shareholders, employees and creditors of the firm should be aware of each and every financial decision taken by the firm. This statement can be attributed to which type of measure to improve ethical behaviour of business?

A

Government level

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B

Global level

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C

Institutional level

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D

Societal level

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Solution

The correct option is C Institutional level
Five steps to improve ethical performance
Develop a code, and make ethical performance a strategic priority.
Set the tone from the top.
Engage, communicate and train your staff.
Provide support routes for staff.
Measure effectiveness of your ethics programme

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