Whirlwind Financial Corporation sends its executives to a resort in Mexico-at taxpayer's expense-to consider using the firm's cash to buy back its stock and thereby prop up the value. Many of its competitors are doing the same thing. One of the best ways to learn about the ethical responsibilities inherent in operating a business is to look at the mistakes made by other companies. True / False.

Question

Elizabeth

Business

16 November, 13:54

Whirlwind Financial Corporation sends its executives to a resort in Mexico-at taxpayer's expense-to consider using the firm's cash to buy back its stock and thereby prop up the value. Many of its competitors are doing the same thing. One of the best ways to learn about the ethical responsibilities inherent in operating a business is to look at the mistakes made by other companies. True / False.

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Octavio Bradford · Answer 1

True

Explanation:

The best way to learn about ethical responsabilities is using the events that happen before with other companies, on special when we talk about ethical responsabilities we have dilemmas that sometimes are hard to approach and identify the right way to do the right thing. Many of the dilemmas are related to others (employees, suppliers, customers) and in general the society around any company. And is so important learn about the mistakes analyzing previous choices and decisions from other companies.

For this reason the statement " One of the best ways to learn about the ethical responsibilities inherent in operating a business is to look at the mistakes made by other companies" is TRUE.