Final answer:
An ethical action in an organization must respect the rights of individuals and promote the self-interest of the employees.
Step-by-step explanation:
An ethical action in an organization must meet the following criteria:
- Respect the rights of individuals: This means that an ethical action should consider and protect the rights of all individuals involved, such as employees, customers, and stakeholders.
- Promote the self-interest of the employees: Ethical actions should aim to benefit the employees and ensure their well-being.
The ethical criteria do not include serving the interest of the CEO or solely increasing shareholder wealth. While businesses strive to maximize profits, ethical actions should prioritize fairness, responsibility, and the overall welfare of all stakeholders.