Bachelor of General Studies (BGS) Degree Practice Exam

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What is the primary purpose of ethical guidelines for business managers?

To identify and analyze the nature of ethical problems
To enhance financial performance
To standardize employee behavior
To minimize legal liability

The correct answer is: To identify and analyze the nature of ethical problems

The primary purpose of ethical guidelines for business managers is to identify and analyze the nature of ethical problems. These guidelines serve as a framework for decision-making, allowing managers to recognize ethical dilemmas and consider the implications of their choices. By providing a structured approach to assessing ethical issues, these guidelines help ensure that managers can navigate complex situations with integrity and accountability. While enhancing financial performance, standardizing employee behavior, and minimizing legal liability are important factors in business management, they are often secondary benefits that arise from adhering to ethical guidelines. For instance, when ethical decision-making is embedded in the organizational culture, it can lead to a positive reputation, which may enhance financial performance. Similarly, clear ethical guidelines can promote consistent behavior among employees and reduce the risk of legal issues, but the foundation rests on the ability to understand and address ethical challenges effectively.