Managerial ethics is related to which of the following?
A shareholder wealth
B righteousness
C temperance
D Confucian self-regulation
The correct answer and explanation is:
The correct answer is B righteousness.
Managerial ethics refers to the principles and standards that guide managers in their decision-making and behavior in organizations. It involves making choices that are morally right and just, ensuring fairness, honesty, and integrity in business practices. The concept of righteousness closely relates to doing what is morally right and just, which is central to managerial ethics.
Righteousness involves acting in ways that are ethically sound and morally appropriate. In the context of management, it means managers are expected to behave ethically not only to benefit shareholders but also to consider the well-being of employees, customers, the community, and the environment. It includes values such as honesty, fairness, respect, and responsibility.
Shareholder wealth, option A, refers more to financial outcomes or objectives rather than ethics. While maximizing shareholder wealth is a key goal in business, it is not synonymous with managerial ethics. Sometimes, focusing solely on shareholder wealth without ethical considerations can lead to unethical decisions.
Temperance, option C, generally means self-control or moderation. Though temperance can be a personal virtue, it is not specifically related to the broader scope of managerial ethics.
Confucian self-regulation, option D, involves personal discipline and moral self-cultivation based on Confucian philosophy. While it may influence ethical behavior, it is more specific to cultural or philosophical traditions rather than the universal principles that managerial ethics encompasses.
Therefore, managerial ethics is primarily concerned with righteousness, emphasizing doing what is right and ethical in managing organizations and leading people. This ethical focus supports long-term success, trust, and sustainable business practices.