Question

Which of the following best describes managerial ethics?

a. It is the social obligation that the individual manager has to fulfill.
b. It is a statement of the social responsibility of the organization.
c. It is the standard of conduct that guides a person's decisions and behavior.
d. It is the mission statement of the organization.
e. It is a behavior that conforms to legal principles of justice.

Answer 1

Managerial ethics is the standard of conduct guiding a manager's decisions and behaviors, reflecting personal and organizational values. It is part of normative ethics, focusing on criteria that determine norms for guiding correct behavior and often codified by professional organizations.

Step-by-step explanation:

The option that best describes managerial ethics is 'c. It is the standard of conduct that guides a person's decisions and behavior'. Managerial ethics encompasses the principles and standards that a manager is expected to uphold in their professional conduct. It includes the fundamental ethical obligations expected of a manager in their decision-making processes and interactions, reflecting their personal and organizational moral values.

Managerial ethics is a part of the broader field of ethics that studies moral principles and serves as a foundation for moral rules. Normative ethics is particularly pertinent to managerial ethics, as it focuses on the criteria that decide the norms and standards guiding correct behavior.

Organizations and professional bodies often elucidate these ethical standards in codes of ethics, which serve to direct actions within specific professional contexts. For example, in the realm of software engineering, the Software Engineering Code of Ethics and Professional Practice conveys the ethical obligations of software engineers, tying the profession’s concrete codes to larger questions of normative moral theories.