Question

Ethics concerns both the organization and the individual. This is true for all stakeholders in the organization group.

Is this statement is true or false?

Answer 1

This statement is true. Ethics is a set of principles and values that guide behavior and decision-making in individuals and organizations. Ethical considerations apply to all stakeholders in an organization, including employees, managers, customers, shareholders, and the wider community. Each individual within an organization has a responsibility to act ethically, and the organization as a whole has a responsibility to promote ethical behavior and create an ethical culture.