clo apply critical thinking to make and defend business decisions lo 2 4 clo ability to rise to ethical issues and challenges in the context of public management lo3 3

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Question: – Write a 3-page paper on the following topic:

“Ethical standards are greatly affected by cultural factors”. In the light of the statement, give some suggestions to develop standardized set of ethical standard for industry. Do you believe that it is impossible to develop a standardized set of ethical standards for improving industry, or do you feel that cultural differences make universal ethical standards impractical and/or impossible?