Principles of Ethical Behavior in Purchasing

Which of the following is a principle required for ethical behavior in purchasing?

(I) loyalty to employer

(II) justice to those you deal with

(III) faith in your profession

1) III only

2) I only

3) II only

4) I, II, and III

5) II and III only

Final answer: Ethical behavior in purchasing encompasses loyalty to an employer, justice in dealings with others, and faith in one's profession. These principles support conducting business with integrity and align with moral commitments and ethical standards issued by professional organizations, rendering option 4 (I, II, and III) as the correct answer.

Answer:

The correct answer to the question about principles required for ethical behavior in purchasing is option 4: I, II, and III.

Principles required for ethical behavior in purchasing are numerous and foundational to conducting business with integrity. The three principles mentioned are indeed part of what would be considered necessary for ethical purchasing behaviors.

Loyalty to an employer, which can be associated with Ross's duty of fidelity, stresses the importance of being reliable and maintaining a trustful relationship with your employer.

Justice to those you deal with aligns with both Ross's principles and the four main ethical principles in medical research (autonomy, beneficence, nonmaleficence, and justice), demonstrating the significance of fairness and equity in interactions with others.

Faith in your profession connects to the commitment discussed by professional organizations, which obligates members to adhere to a set of ethical standards in order to maintain the integrity of the profession.

Therefore, the correct answer to the question about principles required for ethical behavior in purchasing would be option 4: I, II, and III.