In the context of ethics, what is the significance of transparency in managerial decisions?
- Builds trust and credibility
- Creates a culture of secrecy
- Increases confusion among employees
- Speeds up decision-making processes
Transparency in managerial decisions is significant in ethics as it builds trust and credibility. When employees understand the reasoning behind decisions, it enhances their trust in leadership and fosters a positive ethical culture within the organization.
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