Bachelor of General Studies (BGS) Degree Practice Exam

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Which of the following actions aligns with ethical business practices?

  1. Prioritizing profit over community well-being

  2. Engaging in deceptive advertising

  3. Caring for employee welfare and community impact

  4. Maximizing shareholder profits at all costs

The correct answer is: Caring for employee welfare and community impact

Caring for employee welfare and community impact aligns with ethical business practices because it demonstrates a commitment to social responsibility and the well-being of stakeholders beyond just shareholders. Ethical businesses recognize that their actions have wider implications for society, and they strive to create a positive impact on their employees, communities, and the environment. This approach builds trust and loyalty among employees and customers, leading to long-term sustainability and success. By prioritizing the needs of their workforce and the communities in which they operate, organizations can foster a positive culture that encourages ethical behavior and decision-making, ultimately contributing to a healthier economy and society as a whole.