Top management at Lancer Distributing is convinced that they have a social responsibility to their community. Nike suffered criticism due to its __________ _____________ violations in their overseas manufacturing facilities. Emphasizes strong penalties for wrongdoers social impact program. E. All of the answers are correct. 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. Other countries also follow capitalist principles. general guiding values Corporate social responsibility (CSR) is the concern businesses have for the welfare and betterment of society. False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: Corporate social responsibility describes the firm's: A. responsibility to their stockholders. Distributors. On the line provided after the sentence, write the possessive form of the underlined words. A. The employment of ethical business practices can enhance overall corporate health in three important areas. "It's an ongoing phenomenon that must be better understood and managed and . Multiple choice question. Managing data ethics | Deloitte Insights Other times, they may feel as though they are caught between what their higher-ups want them to do and what the law requires. It is actually a structure of moral principles and code of conduct applicable to a business. Determining what is involved for a firm to be socially responsible: A. is easy. social justice. Governments an individual's ethics Learn how to boost employee morale and create a better company Good leadership is central to the success of any business. A. you need to justify socially responsible behaviour from an investors standpoint only. a clear set of rules and regulations A. In the study, researchers determined that a higher quality of service positively impacted business operations when ethical adherence was also high. True false question. Shared accountability among employees. Explanation Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. Which of the following are true regarding ethical behavior? . Determine Author's Purpose Why do you think Las Cases wrote this detailed account about the treatment of Native Americans by the Spanish? 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. If an underlined word is already in the correct possessive form, write a C on the line. (A) investors putting more money into both markets An important reason for a company to maintain its ethical reputation is Multiple choice question. [A] They will bribe local officials to change their policies. Supervisor 2. he many small choices we make daily about working or goofing off, using company phones and computers responsibly, and following safety rules, make it clear that ____________________decisions start with each individual. setting a good example. D. Integrity watchdog. When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong. [B] reaches broad and diverse groups Deceptive advertising of medicines and toys 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? Periodically asking every employee to evaluate the company's ethics performance. Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. Typically, it is the kind of information where parties in the know can benefit. Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. Are Workplace Politics Destroying Your Business? it reduces laws and regulations Explanation C. Corporate strategy Supervisor 4. Multiple choice question. But when they do, employees need to take accountability for their actions. socially conscious research organizations. corporate social initiative Business should be managed ethically because Businesses with good reputations attract customers It reduces employee turnover It reduces the likelihood of lawsuits by employees or customers True or false: individuals have social responsibilities regarding their ethical behavior in the business world. Explanation A business should be managed ethically because Multiple select question. And could be pivotal for career growth. Ethical Definition & Meaning - Merriam-Webster ___________ __________ ______________is a business's concern for the welfare of society. During the last recession monetary contributions decreased and companies found ways to continue their philanthropic participation by asking employees to donate time to corporate social initiatives and other projects. B. social policy using recyclable packaging Running a business in an ethical manner from the top down establishes stronger bonds between individuals on the management team. [B] about being fair and honest with their stakeholders This is somebodyelse\underline{\text{somebody else}}somebodyelse notebook. Even small companies participate in _______ through donations and volunteer support of local causes and national charities, such as the Red Cross and the United Way. A business's responsibilities to its owners and investors include CSR can lead to even more profits. insider trading. Conversely, when unethical behavior was commonplace, the quality of service had a much-diminished impact on the success of business operations. (A) businesses who are socially responsible will earn more providing safety equipment and training for their workers, 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{Common Stock} & 8,500 & \text{Accounts Receivable} & 7,500 \\ B. philanthropy. (B) it is using investors' money in ways they did not intend Uploaded By Coleton99; Pages 108 Ratings 100% (5) 5 out of 5 people found this document helpful; social audit. SE Oklahoma's MBA Programs Teaches Ethics B. Examples of ethical behaviors in the workplace includes; obeying the company's rules, effective communication, taking responsibility, accountability, professionalism, trust and mutual respect for your colleagues at work. [B] Bribery corporate inclusion policy [C] it reduces the likelihood of lawsuits by employees or customers C. commitment to a management training program. Multiple Choice 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. C. Research practices Here are other common examples of ethical behavior: No matter the relationship between two people and what they agree or disagree upon, people within an organization should always respect each other. Workplace and colleague wellbeing. Becoming an environmentally friendly business | Business Queensland integrity-based ethics 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? responsible management of human resources, responsible management of human resources. managerial policy, Studies have shown that what most influences a company's effectiveness and financial performance is: Packaging requirements D. Philanthropy E. Altruistic, Which of the following is NOT one of the "Market Assessment and Strategy Development" responsibilities? How does the action I am proposing to take make me feel about myself? (D) 3 out of 4 citizens volunteer, but cheat on their taxes, Using information from the internet or other sources without giving credit to the author is, The strong relationship between academic dishonesty and dishonesty at work is likely to A. a written code of ethics customers Ethics can be rooted in belief or the pursuit of making the world better. To understand why ethical behavior is important, it might be helpful to know how unethical behavior affects a company. A. delight them with a quality product at a fair price. Top leaders from other countries have been charged with bribery, The emergence of the green movement has affected businesses by corporate raiders. All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. Maria Juarez is a professional tennis player, and your firm manages her money. Dodd-Frank Wall Street Reform and Consumer Protection Act. Reading: Global Business Ethics | International Business - Lumen Learning The common good is a notion that originated more than 2,000 years ago in the writings of Plato, Aristotle, and Cicero. A. profits. A. Diversity and discrimination B. In the workplace, there might be a standard for ethics set throughout the company. it makes financial as well as moral sense to invest in companies that plan to create a better environment, that they can improve their own financial health by investing in companies whose goods and services benefit the community Dont make ethics an afterthought in your company culture. Chapter 4 - Homework ( Introduction To Business) - Quizlet What are the causes of pay discrimination in the labor market? Then, of course, there are the more serious consequences of highly unethical behavior. After developing a code of ethics, it should be communicated to: A. everyone with whom the business has dealings. Multiple select question. Top officials in countries like Japan, South Korea, and China have faced legal charges of influence peddling and __________ charges, which serve as examples of the unethical behavior that U.S. companies face in overseas markets. 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. CSR can lead to even more profits. building parks Multiple select question. Safe working conditions Giving back to society the collection of laws to protect society from fraud, theft, and violence. Discrimination and Harassment. It is the right thing to do. integrity-based \text{Insurance Expense} & \$ 2,000 & \text{Salaries Expense} & \$ 37,000 \\ demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. E. help restore confidence in Corporate America and Canada. Ethics are the standards of right and wrong set for us by society, whereas legality refers to. Which of the following is not one of the approaches associated with corporate social responsibility? B. an individual's behaviour is influenced by the behaviour of others. Society the fastest way to demoralize your stakeholders is to spend too much money supporting social issues, such as having employees assist in community efforts. [B] passing laws to make accounting records more transparent Which of the following describes charitable donations by corporations to nonprofit organizations? [D] severe financial crises. \text{Supervision} & \text{1.50} & \text{\$ 60.000}\\ 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. What Are Business Ethics and Why Are They Important? _______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. D. companies who are perceived as being socially responsible will ultimately earn more profits for their Multiple choice question. Businesses can show their CSR in many ways. Corporate policy refers to the position a firm takes on ______________ and __________________ issues. A few months ago, Paulie's Pizza House, a large nationwide chain of restaurants, purchased one of its competitors, Italian Stallion Pizza Stations, for $800 million. for the welfare of society as a whole, about being fair and honest with their stakeholders Which of the following statements is false? ignoring both ethical and unethical behavior What kind of person do you think Paulsen is? The Dodd-Frank Wall Street Reform and Consumer Protection Act provides whistleblowers an award if their actions lead to an enforceable action or conviction. These actions are [A] it reduces employee turnover Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. These define the company's guiding values, and most often it involves shared accountability. Chapter 4 - Business Flashcards | Quizlet (D) make more money for investors in the short run. \text{Retained Earnings, Jan. 1, 2016} & 4,800 & & \\ Supervisor False. [A] is costly, but worthwhile in reaching specific customers The benefit of using __________ to communicate a business's CSR efforts to the public is that it allows companies to reach broad and diverse groups directly in a low-cost, efficient way. A. code of ethics. Multiple Choice Your boss has prepared some questions for you to consider. A Understanding that individual moral standards, the influence of managers and coworkers, and A. responsibility Integrity-based ethics codes 360-review. C. practice deception regarding product safety issues. corporate social responsibility, Corporate social responsibility is when businesses are concerned B. Economics (/ k n m k s, i k -/) is the social science that studies the production, distribution, and consumption of goods and services.. Economics focuses on the behaviour and interactions of economic agents and how economies work. Ethical behavior includes honesty, fairness, integrity and understanding. A business starts with the correct usage and allocation of finances and cost management. Multiple select question. 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 . C. Education and training B. focus on cost and quality control systems within your organization. C. Watch tower sentinel Insider trading refers to the discussion or leak of private, proprietary information about a firm that is not yet made public. In other situations, traditions and customs make gifts and other bribery-type activities the long-standing practice in some nations. The findings reveal that quality service and an ethical business plan are essential to long-term business success. [D] allows them to connect directly with customers. E. Employee benefit programs. 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. Many organizations create a code of ethics, which might include generic guidelines for ethical behavior about doing the right thing or remaining fair. An appearance of conflict exists when a reasonable person looking at the situation from outside (and without personal knowledge of anyone involved) will conclude from the circumstances that the employee's ability to perform his or her duties may be compromised by personal interest. Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility 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. Multiple Choice It also builds customer loyalty over time, creating a customer base that is likely to refer your business to others. investors. Multiple choice question. All successful businesses communicate effectively. for the welfare of society as a whole, True or false: Corporate Social Responsibility (CSR) and corporate profits can at times go hand in hand. B. being socially responsible is all about being ethical. In a business setting, ethical behavior applies to any employee, team lead or supervisor. At a college, a code of ethics could include being honest and unbiased when grading and being a catalyst for diverse perspectives in the classroom. A New Model for Ethical Leadership - Harvard Business Review Demanding Ethical and Socially Res, Intro-Into-Business: Ch. Ethical business norms must be adhered to not only by company managers but by all employees of companies without exception. They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations. The Importance of Business Ethics | Maryville Online actual ethics. Community members are bound by the pursuit of common values and goals. China is a communist country. Prepare computations showing how much profits will increase or decrease as a result of making the starters. \text{Direct labor} & \text{2.70}\\ D. integrity. It does not subtract from the bottom line; it adds to it. 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? A. Many companies Businesses should be managed ethically because it is the right thing to do, it is legal and keeps the government from writing new laws, it is good for employee turnover, maintains a good reputation, keeps customers and attracts new ones, pleases employees and society Compliance based ethics code (A) matter very little to employers How Managers Can Encourage Ethical Behavior | Principles of Management A. C. business exists only to make money for shareholders. Multiple choice question. Multiple choice question. Backend and front-end engineers, data scientists) as well as designers and UX researchers to bring products to life that make our users' problems and pain-points go away!<br><br>As a product manager I have to wear different hats every day and I excel at . <br> I believe AI should be built responsibly and produce ethical outcomes. Multiple Choice This is due to the fact that our ethics are shaped by our moral code. free from the concern of C. teamwork eliminates a need for personal ethics. A. reduced employee turnover. draw more customers, Many investors believe holding international suppliers to different standards than American companies must adhere to in the United States. C. Accounting fraud Maximizing ethical conflict in work groups Resource procurement and consumption practices This indicates that: A. dancing around issues should be part of a firm's code of ethics. aggregate independent appraisal. Basic ethical practices have been gleaned through research and practical study of how businesses function, and how they operate, both independently and with one another. Marilena Crsteanu - International Customer Experience Advisor corporate raider divisions. Trust and cooperation between workers and managers must be based on which of the following? A company's effectiveness and financial performance are most affected by responsible _________ _________ management. Ethical behavior can have negative consequences to the bottom line in the long run. It does not subtract from the bottom line; it adds to it. decreased financial donations but encouraged their employees to volunteer their time to corporate social initiatives and projects. lose sales revenues B. personal responsibility C. compliance [B] They may choose to cancel orders when there are human rights abuses. Socially conscious investors insist that a company extend its own high standards to its ____________________. allows them to connect directly with customers \text{Direct materials} & \text{\$ 3.10}\\ \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ When implementing an ethics code, it is important to share it with all ___________________________because pressure to act unethically often comes from the outside. is costly, but worthwhile in reaching specific customers Chenda Bunkasem is head of machine learning at Undock, where she is focusing on using quantitative methods to influence ethical design. The _____________ _________________is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. B. philanthropy D. operating ethically, honestly and lawfully E. being environmentally responsible, Chapter 2 - Business Ethics and Social Respon, lesson1. Multiple choice question. When Paulsen describes Storm, he also gives clues about his own personality. E. Consumer safety information, Which of the following is NOT one of the "Business System Design and Development" responsibilities? D. fail to earn sufficient profits for their owners. Chapter 4. C. helps government officials develop appropriate legislation. Top management C. An ethics office must be set up. A social audit is a systematic evaluation of a company's progress toward becoming a socially responsive organization. Business ethics concerns ethical dilemmas or controversial issues faced by a company. secondary market companies. Ethics in the workplace: the ethical manager | HRZone It is an act that is against the law and against Securities and Exchange Commission policy. B. expressing dissatisfaction by protesting. Explanation [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. 'Business' can mean an activity of exchange. 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. Multiple select question. Ethical management generates trust, and trust increases productivity. Multiple choice question. only to compete and make a profit 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. it prevents government audits, Which set of ethics codes emphasizes preventing unlawful behavior by increasing control and penalizing wrongdoers? Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma? B. C. diversity Multiple choice question. social audit. Positive Effects of . D. Outsourcing practices 1 Mini-Case Study, (Learning Curve 11 a) Body Development; Cogni, (LearningCurve 11b) Becoming Your Own Person-, chapter 3 psy 200 (LearningCurve 3b) Survivin, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. [D] They may choose to cancel orders when there are environmental abuses. What Are Business Ethics? Definition, Types and Examples (C) 4 out 5 citizens volunteer an hour each week 'Business Ethics' can be termed as a study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. If an ethical tone is set at the top and followed by management, everyone who works there will hold themselves and each other to those standards. D. to please customers, employees, and society. Multiple Choice (C) attract and retain better employees List the most influential on top. social initiatives The main principles of business ethics are based in academia and on academic writings on proper business operations. Stresses shared accountability 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. A. expanding the opportunity to behave ethically by providing rewards for following the rules. Explanation whistleblowers A company that has socially responsible human resources management is 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. 1. Corporate social responsibility is based on a that they can improve their own financial health by investing in companies whose goods and services benefit the community statement by Milton Friedman that maximizing shareholder profits is businesses' only responsibility Motivation. Ethical issues are limited to for-profit organizations. <br><br>Customer care professional with experience in building customer loyalty, analyzing customer behavior, creative customer relationship . Chapter 4 LearnSmart Quiz Flashcards | Quizlet Think about a business that hires only family or one that gives inappropriate incentives, for example. cultural and accountable D. Outsiders must be told about the ethics program. (A) 3 out of 4 citizens do not give any time to the communities in which they live demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. Business Should Always Be Ethically and Socially Responsible Target is a business. C. Research practices This will ensure that you have trustworthy employees working for you. Top management is essentially conducting a(n) [A] Influence peddling A. Ethical Marketing - Marketing Schools A systematic evaluation of a company's progress toward implementing socially responsible programs is known as a(n)___________________ __________________ . Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? Increasing public concern for the environment created by the ________________ movement has more businesses looking for environmentally friendly ways to do business. Sarbanes-Oxley Ruling C. limiting the opportunity to behave unethically by providing rewards for violations of the rules and [D] favor management in their investigations, A communication tool many companies use to inform diverse groups of their social responsibility efforts at little cost is.
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