Asked by Gopalakrishnan Manivel on Jul 15, 2024

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What happens when society deems a particular business action as wrong or unethical? ​

A) ​Legislation usually follows.
B) ​The guilty individual is jailed.
C) ​Self-regulation is deemed a failure.
D) ​The company goes bankrupt.
E) ​Fines automatically follow.

Society

A group of individuals involved in persistent social interaction, or a large social group sharing the same geographical or virtual territory, subject to the same political authority and dominant cultural expectations.

Business Action

Activities or initiatives undertaken by a business in pursuit of its objectives, including operational, strategic, and ethical decisions.

  • Describe the societal and legislative reactions to unethical business actions.
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Sarita PersaudJul 18, 2024
Final Answer :
A
Explanation :
When society deems a particular business action as wrong or unethical, legislation usually follows as a way to prevent such actions from happening again in the future. For example, after the Enron scandal, Congress passed the Sarbanes-Oxley Act to increase corporate transparency and accountability.