Which of the following statements reflects the difficulty companies face when requiring international suppliers to follow environmental and human rights standards set by U.S. firms? B. There are several ways to encourage an ethical workplace culture, including establishing a companywide code of ethics. You're dealing with sensitive information As a business owner, you deal with sensitive information on the daily. D. companies who are perceived as being socially responsible will ultimately earn more profits for their profitable charities In ethics and social sciences, value denotes the degree of importance of some thing or action, with the aim of determining which actions are best to do or what way is best to live (normative ethics in ethics), or to describe the significance of different actions.Value systems are prospective and prescriptive beliefs; they affect the ethical behavior of a person or are the basis of their . D. Outsourcing practices ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. C. to attract new customers and retain existing customers. Although these actions were not part of the mandatory waitstaff training, Amber perceived that waitstaff members who were not helping out were not viewed as team players by the majority of employees. These examples of ethical behaviors ensures maximum productivity output at work. Distributors. A. delight them with a quality product at a fair price. Serves as full-time, tenure tracked Business Instructor for the college's Bachelor of Applied Science in Organizational Management (BAS-OM) program, teaching classroom, hybrid, and online courses. [B] reaches broad and diverse groups China is a communist country. Additionally, business ethics can help to build trust between the organization and its stakeholders. Business ethics isnt always exalted in every workplace, but its critically important when it comes to providing customers with quality service, adhering to regulatory compliance standards, and avoiding steep fines and lawsuits. lower ethical standards than in the past. Executives at Enron and Tyco were found guilty ____________ of behavior that damaged their companies' reputations, The emergence of the green movement has affected businesses by. The rent charge above is based on space utilized in the plant. A leader designing an ethical culture should try to create contexts that keep ethical principles top of mind, reward ethics through formal and informal . If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: What motivated the unethical behavior of real estate agents, lenders, and borrowers that led to the financial crisis of 2008? ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. Whistleblowers are insiders who report illegal or unethical behavior. Learn how to boost employee morale and create a better company Good leadership is central to the success of any business. Multiple choice question. B. philanthropy. [B] They may choose to cancel orders when there are human rights abuses. The Dodd-Frank Wall Street Reform and Consumer Protection Act provides whistleblowers an award if their actions lead to an enforceable action or conviction. Customer privacy policies and practices The unethical and illegal activity in which investors use private company information to further their own fortunes or those of their family and friends is called: The most effective ethics officers are equally comfortable as ________ and investigators. An important factor in enforcing ethics codes is selecting a(n) ________ ________. Ignoring hazardous job conditions that exist in the company's facilities The moral and ethical standards by which leaders are judged are far stricter than in the past. Supervisor 2. compliance-based ethics social audit. [B] To maintain a good reputation Corporate philanthropy Compliance-driven ethics standards What is ethical is determined by the public, government regulators, interest groups, competitors and each individuals personal moral values, Studying business ethics will not necessarily, Inform you concerning the impact of the work group on ethical decisions. $A supervisor would have to be hired to oversee production of the starters. The concern businesses have for the welfare of society, not just for their owners is: Dont make ethics an afterthought in your company culture. of or relating to ethics; involving or expressing moral approval or disapproval; conforming to accepted standards of conduct See the full definition Specific decisions made by your organization, whether by an individual or the entire group, can have a massive impact on how your company is viewed and the reputation it cultivates for itself. (D) affect hiring practices very little. All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. A Understanding that individual moral standards, the influence of managers and coworkers, and allow for complete anonymity increasing control It does not subtract from the bottom line; it adds to it. because strict global regulations require it Corporate values are: Studies have found a _____ correlation between academic dishonesty and dishonesty at work. <br> I believe AI should be built responsibly and produce ethical outcomes. "It's an ongoing phenomenon that must be better understood and managed and . A legal provision known as the _______________ provides a "bounty" provision for whistleblowers whose actions result in a legal conviction. Multiple choice question. E. filing complaints with the company. It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. D. fail to earn sufficient profits for their owners. In the long run, CSR enhances profits. C. moral philosophy. Compliance-based ethics codes Use the context of the sentences and what you know about the Latin root -cred- to explain your answer to each question. corporate social initiative Positive Effects of . Governments Assessment-driven ethics codes, Who sets the standards of right and wrong as defined by ethics? Suppliers It seeks to promote honesty, fairness, and responsibility in all advertising. Top management is essentially conducting a(n) Stresses shared accountability This is called a bounty provision because as stated, they may receive a monetary award for their actions. (A) are just part of doing business Morality codes 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. that they can improve their own financial health by investing in companies whose goods and services benefit the community social policy The common good is a notion that originated more than 2,000 years ago in the writings of Plato, Aristotle, and Cicero. it reduces laws and regulations This will ensure that you have trustworthy employees working for you. A. guilt payments. general guiding values And could be pivotal for career growth. What kind of person do you think Paulsen is? For many years Futura Company has purchased the standard that it installs in its standard line of farm tractors. Business ethics inform a company's values and goals, as well as how it runs its day-to-day operations. Paying employees on specified pay dates most of the time. (nervous). [C] allows them to reach specific groups more directly 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. A company that has socially responsible human resources management is The companys vision, values and mission should be clearly stated and visible to both employees and clients so that the company can be held to those standards. [B] passing laws to make accounting records more transparent A. code of ethics. Corporate policy refers to the position a firm takes on ______________ and __________________ issues. Ethical behavior has significant upfront costs which may never be recovered. As a philosophy, ethics are the principles that guide a person's behaviour. Which of the following were not identified as being fundamental to the CSR definition? Explanation Certain studies have revealed some of the reasons why the companies on Ethispheres ethics index may have outperformed other less-ethically-focused businesses. Vanessa recognizes this as a(n) ________-based code of ethics. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. D. expanding the opportunity to behave ethically by providing punishments for following the rules. reducing most costs Multiple select question. Due to the fact that it is not yet public, those who act upon the information have an unfair advantage and stand to gain financially. Integrity-driven ethics codes Multiple choice question. Explanation They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. fascism decreased financial donations but encouraged their employees to volunteer their time to corporate social initiatives and projects. Which of the following describes charitable donations by corporations to nonprofit organizations? C. writing their representatives in Congress. additional taxes Explanation employees and internal public relations An integrity-based ethics code defines the organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability. 1. 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. True Businesses must abide by some basic principles. C. often experience customer loyalty problems. Ethical behavior positively impacts a businesss financial performance. Multiple select question. Multiple choice question. Managers Set the Tone The effects of managerial decision making go beyond any single, isolated decision. The employees of a corporation are stakeholders who are affected by management practices. Decorating Arrangements has just completed operations for the year ended December 31, 2016. A. responsibility E. all of the answers are correct. Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? CSR can lead to even more profits. [B] about being fair and honest with their stakeholders \end{matrix} When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: customers 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: \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ Socially conscious investors insist that a company extend its own high standards to its ____________________. insider trading. Multiple choice question. Who sets the standards of right and wrong as defined by ethics? B. 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? Business ethics are applicable not only to the manner the business relates to a customer but also to the society at large. integrity-based ethics Your boss has prepared some questions for you to consider. Society Less than 202020 percent of the eligible voters has\underline{\text{has}}has an opinion about that subject. U.S. companies follow the lead of consumers, and at this time, there is no evidence of a trend toward concern for better human rights and environmental standards. Which of the following is NOT one of the "Attracting, Retaining and Managing Talent" responsibilities? Organizational ethics begins Multiple Choice at the top levels of management. The total rent on the plant is$80.000 per period. E. A criminal lawsuit. Often, business ethics involve a system of practices and procedures that help build trust with the. unethical Some common workplace ethics include trustworthiness, accountability, respect, transparency, and integrity. [B] share all information with managers when requested How does the action I am proposing to take make me feel about myself?
Tinker V Des Moines Dissenting Opinion,
Crystal Figurines Animals,
Goals For Library Assistant,
Articles A