Question

Select the true statement about Josephson's Core Values Model for ethical decision-making.

a.) It allows businesses to make decisions without feeling outside pressure from stakeholders.
b.) Its primary purpose is to promote consideration of specific values and the welfare of stakeholders when making business decisions.
c.) It is only helpful if all stakeholders can agree on the ultimate decision.
d.) It ensures that businesses will always make the most ethical decisions.

Answer 1

The true statement about Josephson's Core Values Model is that it encourages considering specific values and stakeholder welfare when making business decisions.

Step-by-step explanation:

Among the given options about Josephson's Core Values Model for ethical decision-making, the true statement is: Its primary purpose is to promote consideration of specific values and the welfare of stakeholders when making business decisions. This model encourages businesses to assess their decisions by considering core ethical values and the impact of their actions on all stakeholders, not just shareholders. Josephson's model aligns with the broader ethical principles of stakeholder theory, which prioritizes the balancing of interests among various parties affected by business decisions, rather than focusing solely on the interests of the shareholders.