What should guide business decisions according to the principle of rights?

Prepare for the TAMU MGMT311 Exam with comprehensive resources. Engage in multiple choice questions and in-depth explanations to ensure success. Equip yourself with the knowledge needed to excel in the legal and social business environment.

The principle of rights emphasizes the importance of protecting fundamental human rights when making business decisions. This ethical framework suggests that businesses should consider how their actions affect the rights of individuals and groups. By prioritizing human rights, companies can ensure that they uphold ethical standards and respect the dignity of all stakeholders involved. This approach not only fosters a positive corporate image but also promotes social responsibility, which can lead to sustainable business practices.

The other choices do not align with the principle of rights. Market trends and forecasts (the first option) focus on economic data rather than ethical considerations. The well-being of shareholders (the second option) emphasizes profit and financial gains, often at the expense of broader ethical concerns. The desire for expansion (the fourth option) typically pertains to growth and market share, which again may overlook the significance of respecting individuals' rights. Prioritizing human rights reflects a commitment to ethical leadership and responsible governance in the business environment.

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