Question

Which of the following describes an ethical framework?

1) Ethical frameworks raise timeless ethical questions that are not easily put into action.
2) Ethical frameworks apply meta-ethical theories to everyday business operations.
3) Ethical frameworks seek to mitigate ethical concerns by creating actionable steps.
4) Ethical frameworks consolidate regulatory requirements for an industry.

Answer 1

An ethical framework is a systematic approach to understanding and addressing ethical concerns. It provides a set of principles or guidelines for evaluating moral dilemmas and making ethical decisions.

Step-by-step explanation:

An ethical framework is a systematic approach to understanding and addressing ethical concerns. It provides a set of principles or guidelines that can be used to evaluate moral dilemmas and make ethical decisions. Ethical frameworks may raise timeless ethical questions that are not easily put into action, or they may seek to mitigate ethical concerns by creating actionable steps.

For example, one ethical framework may be based on meta-ethical theories, which are theories about the nature of ethics. This framework applies these theories to everyday business operations, guiding decision-making based on ethical principles.

Another ethical framework may consolidate regulatory requirements for an industry. This framework helps ensure that businesses in the industry follow ethical practices and comply with relevant laws and regulations.