Final answer:
Business ethical principles in Tanzania ensure responsible and socially accountable business practices. Corporations should take responsibility for social, economic, and environmental problems.
Step-by-step explanation:
In Tanzania, business ethical principles apply in the business environment to ensure that businesses operate in a responsible and morally upright manner. These principles guide organizations to consider the social, economic, and environmental impact of their actions. For example, businesses should prioritize fair business practices, respect for human rights, environmental sustainability, and transparent financial reporting.
One book reference that discusses business ethics is the Stanford Encyclopedia of Philosophy. According to Moriarty (2021), ethical questions in business pertain to social, economic, and environmental problems. Establishing ethical practices in emerging technologies can be challenging due to the rapidly changing landscape.
In adopting business ethical principles, corporations should take responsibility for social, economic, and environmental problems. They should contribute to the well-being of the communities they operate in and mitigate any negative impacts. Examples of ethical practices include implementing fair labor practices, reducing carbon emissions, and engaging in philanthropic activities to address social issues.