Asked by Kajal Barsiwal on May 09, 2024
Verified
According to the textbook, which company was recognized by the Ethisphere Institute as the most ethical company in the world due to its strong commitment to the community and corporate citizenship?
A) L'Oréal
B) Southwest Airlines
C) Enron
D) Pioneering Health
Ethisphere Institute
An organization that defines and measures corporate ethical standards, recognizing companies for their ethical business practices.
Most Ethical Company
A designation given to businesses that adhere to high ethical standards in their practices and interactions with employees, customers, and communities.
Corporate Citizenship
The responsibility of a company to act ethically and with sensitivity towards social, cultural, economic, and environmental issues.
- Understand the criteria for evaluating ethical companies and the significance of corporate citizenship.
Verified Answer
RH
Rolla HindawiMay 13, 2024
Final Answer :
A
Explanation :
L'Oréal has been recognized by the Ethisphere Institute for its commitment to ethics and corporate citizenship, distinguishing itself in practices that promote ethical business standards and practices.
Learning Objectives
- Understand the criteria for evaluating ethical companies and the significance of corporate citizenship.