Which of the following is considered a key ethical issue in international business?

Study for the Arizona State University MGT302 International Business Exam. Prepare with flashcards and multiple choice questions, featuring hints and explanations for each. Get exam-ready with ease!

Labor practices are widely recognized as a key ethical issue in international business due to the significant impact they have on employees and the broader society. This consideration encompasses various aspects, such as working conditions, wages, child labor, and the right to unionize. Companies that operate across different countries must navigate the complexities of varying labor laws and practices, ensuring they uphold ethical standards regardless of the local norms or regulations.

Engagement with labor practices highlights the dual responsibility companies have: to their stakeholders and to the global community. Unethical labor practices can lead to negative publicity, boycotts, and regulatory repercussions, ultimately affecting a company's reputation and bottom line. Hence, organizations are increasingly held accountable not only for their direct practices but also for their supply chains, making labor practices a vital ethical concern in international business discussions.

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