Community members are bound by the pursuit of common values and goals. B The first day on the job waiting tables at a popular restaurant, Amber noticed that when one member of the waitstaff was serving a very large party, the other waiters would help carry food to the tables and even check to make sure water glasses were filled. A number of ethical scandals in the past decade have raised awareness of ethical issues in business. Noones;C\underline{\text{\color{#c34632}No ones; C}}Noones;C. Ethical marketing is less of a marketing strategy and more of a philosophy that informs all marketing efforts. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. Multiple choice question. 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. When management considers ethics in its actions toward stakeholders, employees can be positively affected. These define the company's guiding values, and most often it involves shared accountability. Packaging requirements Multiple choice question. D. structure and strategy. A. Diversity and discrimination B. Which of these actions is LEAST likely to restore the trust of the American public in the free-market system? A high ethical standard extends to customers as well. Here are five reasons why you should keep things legal and follow business ethics in accounting. whistleblowers. Multiple choice question. However, anyone caught violating a law will be immediately fired." A code of ethics builds trust and credibility in an organization and creates a culture of open and honest communication. Employees and management alike can work together to create businesses that have high standards. Trust and cooperation between workers and managers must be based on which of the following? B. an individual's behavior is influenced by the behavior of others. Multiple choice question. E. filing complaints with the company. Which of the following would be a unique focus of an integrity-based ethics code? B. the police in jurisdictions where the business has operations. Ethical managers encourage autonomy, involvement, opportunity and responsibility - and these factors contribute to: Creativity. When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: The statement by Patagonia that "A love of wild and beautiful places demands participation in the fight to save them, and to help reverse the steep decline in the overall environmental health of our planet" is an example of: Attracting and retaining better employees is an example of a corporate social responsibility: Unethical behavior in business, especially in the real estate and banking industries, has resulted in The business term we use to describe this philanthropic action is ___________________, where a company donates what it does best to help make a situation better. The deliberative system leads to more-ethical behaviors. If an underlined word is already in the correct possessive form, write a C on the line. 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. (A) likely to perform better financially If your supervisor directed you to enter false information into a sales order book and told you if you refused that you would lose your opportunity for promotion, you would probably consider this situation to be a(n), According to the text, ethical behavior begins with. ignoring both ethical and unethical behavior [A] To attract customers He also believed anything other than that would be considered: A business should be managed ethically because, businesses with good reputations attract customers. An integrity-based ethics code defines the organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability. Trustworthiness. A. Overstating an expense report. Are Workplace Politics Destroying Your Business? lose sales revenues In the long run, CSR enhances profits. This approach to ethics assumes a society comprising individuals whose own good is inextricably linked to the good of the community. Complete each sentence with the comparative or superlative form of the modifier in parentheses. Many businesses believe that they should have an influential and important role in: Societies set the standards for moral behavior, known as, About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through __________ work. Multinational corporations are committed to operating within the legal limits of U.S. law. Businesses should create and display their code of ethics publicly. (C) 4 out 5 citizens volunteer an hour each week Multiple choice question. Sean Peek has written more than 100 B2B-focused articles on various subjects including business technology, marketing and business finance. Distributors. D. integrity. social initiatives businesses with good reputations attract customers it reduces the likelihood of lawsuits by employees or customers it reduces employee turnover it increases the likelihood of government intervention businesses with good reputations attract customers C. Research practices True Part-time co-worker 3. only to compete and make a profit Corporate responsibility J. M. D'Aquila, D. F. Bean, and E. G. Procario- Foley (2004) reported that 97% of business leaders perceive American businesses as ethical, versus 24.5% of students. Business Ethics refers to carrying business as per self-acknowledged moral standards. allows them to connect directly with customers Sarbanes-Oxley Ruling Ethical behavior does not matter to investors. China is a communist country. [D] To avoid lawsuits, Effective ethics officers: This will ensure that you have trustworthy employees working for you. ___________ _____________ is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. It is a set of guidelines for dealing with various procedures ethically. DirectmaterialsDirectlaborSupervisionDepreciationVariablemanufacturingoverheadRentTotalproductioncostPerUnit$3.102.701.501.000.600.30$9.20Total$60.000$40.000$12.000. government-supported direct mail campaigns Is it acceptable if everyone else is doing it? $A supervisor would have to be hired to oversee production of the starters. American businesses are demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. Honorees on this year's list of the World's Most Ethical Companies outperformed the Large Cap Index by 10.5 percent over three years. Multiple Choice C. teamwork eliminates a need for personal ethics. A. guilt payments. not concerned with the ethical or socially responsible behavior of their international suppliers. draw more customers, retain better employees Write dialogue for an imaginary conversation between the speaker of When We Two Parted" and the person he addresses. Which of the following statements is false? It emphasizes sustainability, customer loyalty, brand image, and employee retention. Multiple select questions. Source interviews were conducted for a previous version of this article. A. Having constant conversations and reminders makes it less likely an employee will break a rule or have a low-quality output. _____________________ _____________________ _____________________is a business's concern for the welfare of society. Assessment-driven ethics codes, Who sets the standards of right and wrong as defined by ethics? According to Norman Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision? (B) it attracts and retains customers Rank the following jobs according to their importance in influencing the implementation of ethical standards. \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ [C] it reduces the likelihood of lawsuits by employees or customers The moral and ethical standards by which leaders are judged are far stricter than in the past. D. the nation's business schools that tolerate unethical behaviour in students. Unethical behavior has consequences for future business, including heavy fines, expensive lawsuits and reputational damage. Shared accountability among employees. profitable charities Top management must adopt and support a corporate code of conduct. Although this can be a lot of work, it can also positively impact the bottom line, protect a companys brand and result in higher customer satisfaction. This sort of behavior is not limited to the workplace; it can be present in every facet of life. A process-oriented approach toward data ethics is well suited for data enthusiasts with limited resources in the fast-changing world of new technologies. Performance-Based Pay Wont Motivate Employees as 10 Development Goals for Better Leadership. [B] To maintain a good reputation Multiple Choice Explanation decreased financial donations but encouraged their employees to volunteer their time to corporate social initiatives and projects. The Sarbanes-Oxley Act and Ontario's Bill C-198 were both passed to A. punish those who committed accounting fraud in the late 1990s. Supervisor It is the right thing to do. [B] allowing management to decide the outcomes of investigations It is actually a structure of moral principles and code of conduct applicable to a business. The discipline comprises corporate responsibility, personal responsibility, social responsibility, loyalty, fairness, respect, trustworthiness, and technology ethics. [B] They may choose to cancel orders when there are human rights abuses. Due to a reduction in output, the company has idle capacity that could be used to produce the starters. Certain studies have revealed some of the reasons why the companies on Ethispheres ethics index may have outperformed other less-ethically-focused businesses. U.S. economist Milton Friedman believed that the only social responsibility of the corporation was to its stockholders. C. moral philosophy. False. It is an act that is against the law and against Securities and Exchange Commission policy. She was even _____ after her solo than before. corporate social initiative The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: A systematic evaluation of an organization's progress toward implementing socially responsible and responsive programs is called: How are U.S. companies likely to pressure foreign companies to change their standards of ethics and social responsibility? When there is a base level of respect established, people take criticism less personally, are able to communicate more openly, and can see and value the other persons perspective. D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. Often, business ethics involve a system of practices and procedures that help build trust with the. According to recent U.S. Census Bureau research volunteerism is at an all-time high, but U.S. companies that operate abroad, particularly those who contract with foreign companies, are now ________ human rights and environmental standards followed by U.S. law. protect them from retaliation Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. A. reduced employee turnover. C. It is the law in the U.S. D. Employees. Ethical issues are limited to for-profit organizations. While these actions might not be illegal, they can definitely have negative effects on the morale and success of a company, especially if their dirty laundry is aired publicly. decreased financial donations and eliminated support in almost every way. Ethical behavior includes honesty, fairness, integrity and understanding. Fraud corporate social responsibility, Corporate social responsibility is when businesses are concerned C. a loss of employee commitment and trust in the company and its management. A. code of ethics. An organization's managers instill corporate values and _____________ in employees by the examples they set. A. Multiple choice question. penalizing wrong-doers. Which of the following would least likely involve ethical concerns? Besides environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is Ethical management generates trust, and trust increases productivity. [A] making the charges public before the investigation corporate inclusion policy 2. Giving back to society Determining what is involved for a firm to be socially responsible: A. is easy. Chapter 4. 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. [C] allows them to reach specific groups more directly C. Education and training reaches broad and diverse groups \end{matrix} B. Multiple Choice Multiple select question. A low cost, efficient way for companies to connect with specific groups and inform them of corporate social responsibility efforts is ____________________ __________________. A business should be managed ethically for many. B. This is due to the fact that our ethics are shaped by our moral code. A. actual ethics. False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: that they can improve their own financial health by investing in companies whose goods and services benefit the community
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