Final answer:
Stakeholders in a company, including employees, customers, shareholders, and communities, may have different ethical standards and interests. Disagreements can arise, and it is important to involve all stakeholders in making ethical decisions. Governments can also be stakeholders and have a role in regulating and enforcing ethical standards.
Therefore, all the options are correct.
Step-by-step explanation:
Stakeholders refer to individuals who have a stake in a business's operations, including employees, customers, shareholders, and communities. Their interests and ethical standards may differ, leading to disagreements. It is important for companies to consider the perspectives and input of all stakeholders when making ethical decisions.
For example, primary stakeholders, such as shareholders, should not make ethical decisions without regard to secondary stakeholders. All stakeholders should be involved in making joint ethical decisions to ensure that the interests and concerns of everyone are taken into account.
Governments can also be stakeholders and may offer input regarding ethical issues that affect the wider community or society. Their role is to regulate and enforce ethical standards that businesses must adhere to, especially in areas such as workplace safety and environmental protection.
When a stakeholder engages in an ethical lapse, it can directly impact the status and well-being of other stakeholders. Therefore, companies need to be mindful of the potential impact of one stakeholder's actions on others and work towards creating a harmonious and ethical environment.