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separating themselves from suppliers who violate. Demanding Ethical and Socially Res, Intro-Into-Business: Ch. Multiple choice question. only with their responsibility to their shareholders Multiple choice question. Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. aggregate independent appraisal. The motives of those involved in unethical behavior that caused the financial crisis in the real estate, banking, and mortgage industries included: Who sets the standards of right and wrong as defined by ethics? social audit. technical policy A. reduced employee turnover. ______________- ________________ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. A. Ignoring hazardous job conditions that exist in the company's facilities Business ethics are applicable not only to the manner the business relates to a customer but also to the society at large. [D] having an ethics officer who is fair, A low cost, efficient way for companies to connect with specific groups and inform them of corporate social responsibility efforts is. Internal Audit Company Protection Act Top leaders from other countries have been charged with bribery. The term business ethics refers to the set of moral principles that guides a company's conduct. A Understanding that individual moral standards, the influence of managers and coworkers, and With respect to business ethics, it can be said that "it takes two to tango." According to recent U.S. Census Bureau research volunteerism is at an all-time high, but Which of the following would be a unique focus of an integrity-based ethics code? E. all of the answers are correct. False. C. writing their representatives in Congress. hiring only women and minorities Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. As a philosophy, ethics are the principles that guide a person's behaviour. The researchers also determined that businesses could take certain steps to rectify ethical lapses that impacted performance. social policy create an open-door policy, protect them from retaliation It may just be the cornerstone of your success. an individuals behavior is influenced by the behavior of others. because strict global regulations require it, learned by observing the actions of others in the organization. [A] Influence peddling Society China is a communist country. Part-time co-worker 3. He also believed anything other than that would be considered: Strategic partnering whistleblowers. D. management is insensitive to ethical issues. When the lines of communication are open and employees are willing to have conversations with one another, misunderstandings can be avoided. Defining the concept of ethics more narrowly, and making the definition closer to the definition of legality. Trustworthiness. Which of the following statements is false? is a branch of philosophy that seeks to address questions about moralitythat is, about concepts such as good and bad, right . Resource procurement and consumption practices These actions are A leader designing an ethical culture should try to create contexts that keep ethical principles top of mind, reward ethics through formal and informal . Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. Multiple select questions. C. Operational initiatives However, it was disclosed that somehow a member of Paulie's management team mentioned the deal to a person he sat next to on a flight from LA to Seattle. B. an individual's behavior is influenced by the behavior of others. secondary market companies. Synonym Discussion of Ethical. social justice. Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility U.S. economist Milton Friedman believed that the only social responsibility of the corporation was to its stockholders. B. Multiple select question. It does not subtract from the bottom line; it adds to it. According to recent U.S. Census Bureau research volunteerism is at an all time high, but, 3 out of 4 citizens do not give any time to the communities in which they live. Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. How to Fix a Toxic Workplace, The Best Employee Monitoring Software for 2023. A. the breakdown of traditional religious institutions. Compliance-based ethics codes global policy Written ethics codes can be categorized as corporate inclusion policy 360 degrees marketeer, business strategy addict, passionate about creative projects and most importantly project teams. The ethical lapses of global companies, such as Enron, Arthur Andersen, and WorldCom, over the span of a few years caused much devastation. List the most influential on top. Business Ethics is important because it helps organizations create a code of conduct that they can rely on to make decisions. Companies who are percieved as being socially responsible will ultimately earn more profits for their investors. In addition to researching trends, reviewing products and writing articles that help small business owners, Sean runs a content marketing agency that creates high-quality editorial content for both B2B and B2C businesses. They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations. They should display behavior that is honest and fair in their relationships with co-workers and their. Write dialogue for an imaginary conversation between the speaker of When We Two Parted" and the person he addresses. D. Mayhem [A] To attract customers allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: An environmentally friendly business: operates in a sustainable manner, causing minimal damage to the environment and using renewable resources where possible considers where its supplies come from and how they are madeit will work with environmentally responsible suppliers and source materials locally to reduce its carbon footprint increased financial donations to local areas but pulled away from national and global contributions. Which of these actions is LEAST likely to restore the trust of the American public in the free-market system? [A] for the welfare of society as a whole C. diversity A. Overstating an expense report. firms should take added caution not to support government programs that protect the environment. Demanding developing countries to adhere to U.S. law on human rights and the environment is not clear-cut. 1. setting a good example. My 4 fundamental professional beliefs:<br> I believe change management must be inclusive if you want it to work. Which of the following are examples of outside stakeholders that must be told about a company's ethics program? stockholders Management ethics can factor into issues including coworker interactions, conflicts of interest, customer safety, honest advertising, customer information security and the responsible use of corporate resources. (B) make employers reluctant to hire those who have cheated Integrity-based ethics is informal company behavior that evolves from individuals' desire to make things better for all. D. guideline. There are a number of reasons why businesses should act ethically: to protect its own interest; to protect the interests of the business community as a whole so that the public will have trust in it; to keep its commitment to society to act ethically; to meet stakeholder expectations; to prevent . The total rent on the plant is$80.000 per period. demanding that international suppliers adhere to higher, more costly standards than their American counterparts. [A] relate well to employees at all levels actual ethics. The chief engineer has recommended against this move, however, pointing out that the cost to produce the starters would be greater than the current 8.40perunitpurchaseprice:8.40 per unit purchase price:8.40perunitpurchaseprice: PerUnitTotalDirectmaterials$3.10Directlabor2.70Supervision1.50$60.000Depreciation1.00$40.000Variablemanufacturingoverhead0.60Rent0.30$12.000Totalproductioncost$9.20\begin{matrix} ", Corporate social responsibility is when businesses are concerned [A] it reduces employee turnover can encourage employees to deceive customers, Following an ethics-based approach to decision making will normally lead to higher ________. Encouraged by the new Sarbanes-Oxley Act, individuals who report unethical or illegal behavior within an organization are What does the research into business ethics say? \text{Supervision} & \text{1.50} & \text{\$ 60.000}\\ social media. What kind of person do you think Paulsen is? _____________________ _____________________ _____________________is a business's concern for the welfare of society. Studies have found a _____ correlation between academic dishonesty and dishonesty at work. A business starts with the correct usage and allocation of finances and cost management. Complete each sentence with the comparative or superlative form of the modifier in parentheses. With respect to business ethics, it can be said that "it takes two to tango." This indicates that: A. dancing around issues should be part of a firm's code of ethics. Explanation B. maintaining proper accounting procedures. True false question. Top management 4. Economist Milton Friedman believed that a business's only social responsibility was to make ____________ for its owners and that anything else was socialism. Due to a reduction in output, the company has idle capacity that could be used to produce the starters. Explanation lose sales revenues concern for the welfare of society <br><br>Customer care professional with experience in building customer loyalty, analyzing customer behavior, creative customer relationship . The dimension of social responsibility known as _______________ responsibility includes everything from hiring minority workers to making safe products, minimizing pollution, using energy wisely, and providing a safe work environment. The deliberative system leads to more-ethical behaviors. False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: it makes financial as well as moral sense to invest in companies that plan to create a better environment, Companies that try to act in a socially responsible way are likely to focus on such activities as corporate social responsibility, Corporate social responsibility is when businesses are concerned compliance police. only to compete and make a profit \text{Direct labor} & \text{2.70}\\ B. the police in jurisdictions where the business has operations. Strict global regulations require it. B. expressing dissatisfaction by protesting. First and foremost, father of 5 and grandfather to 3.<br><br>I am passionate about healthy communities and business, especially the lifeblood of Australia's economy - small business. Corporate social responsibility is based on a A number of ethical scandals in the past decade have raised awareness of ethical issues in business. Which of the following would least likely involve ethical concerns? Practice deception regarding product safety issues. In turn, employees will trust that their leadership team is working toward the greater good of the entire company. Explanation Ethics may seem like an intangible, but there is a clear connection to overall performance. Increased control over employee actions. standards. This, then, creates greater stability within the company.. Heres How to Fix It, 10 Common Leadership Mistakes Youre Probably Making, Creating a Diversity and Inclusion Training Program, How to Be an Ethical Leader: 10 Tips for Success, Disrespectful Employees? Multiple select question. Customers [B] share all information with managers when requested Multiple Choice Need help writing your own self-assessment for a performance 26 Great Business Ideas for Entrepreneurs, The Best Small Business Government Grants in 2023. Ethical standards are different from country to country. What Does Ethical Decision Making Mean? A. guilt payments. Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of __________________and not only of their owners. For example, international bank HSBC was subject to a decade-long enforcement action costing it $1.92 billion after the federal government determined the institution violated money-laundering laws and sanctions rules. \end{array} [B] allowing management to decide the outcomes of investigations There are a wide variety of examples of ethical behavior in the workplace. Business ethics benefits the bottom line. Multiple Choice Personal projects U.S. law does not require U.S. firms to comply because of competitive advantage concerns. A. you need to justify socially responsible behaviour from an investors standpoint only. a written code of ethics The World Trade Organization (WTO) [D] only with their responsibility to their shareholders, A company that has socially responsible human resources management is True or false: Individuals have social responsibilities regarding their ethical behavior in the business world. reaches broad and diverse groups Employees and management alike can work together to create businesses that have high standards. When managers appear to disregard ethical concerns, the likely results would include: A. reduced employee turnover. A reputation for positive ethical behavior entices more potential clients, customers and partners to work with you. All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. moral impropriety. In a business setting, ethical behavior applies to any employee, team lead or supervisor. These steps included creating a climate based on service quality and ethical behavior that guides employees without direct supervision, taking corrective actions before unethical behaviors occur by periodically measuring employees perceptions of the companys ethical climate, and emphasizing the importance of service quality and ethical behaviors as they relate to competition in the marketplace.
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