- Study guides, Class notes & Summaries

social responsibility and stakeholder orientation - CORRECT ANSWER-business ethics embodies standards, norms, and expectations that reflect a concern of major stakeholders, including consumers, employees, shareholders, suppliers, competitors, and the community. In other words, these stakeholders have concerns about what is fair, just, or in keeping with respect to stakeholders' rights. Many businesspeople and scholars have questioned the role of ethics and social responsibility in busin...