fairness, honesty, openness, _____________________________are insiders who report illegal or unethical behavior. That person called five of his relatives and several friends. False, Whistleblowers can be helped by protecting them from: A. code of ethics. Everyone with whom the business has dealings. A. based on a commitment to integrity and respect and C. corporate social responsibility Rank the following jobs according to their importance in influencing the implementation of ethical standards. These examples of ethical behaviors ensures maximum productivity output at work. Top management is essentially conducting a(n) B. a failure of leadership to establish ethical standards. Multiple Choice compliance-based ethics Integrity-based ethics is informal company behavior that evolves from individuals' desire to make things better for all. CSR can lead to even more profits. [A] making the charges public before the investigation Harassment and discrimination are arguably the most prominent contemporary ethical issues in business today. ___________ _____________ is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. Target is a business. decreased financial donations and eliminated support in almost every way. (C) attract and retain better employees B. Marketing, Finance, Sales), technical roles (e.g. (B) going to save money by not hiring those who are disabled (C) gains for investors in 2008 and 2009 Italian Stallion stockholders got a very fair deal for the stock they owned in the company. Complete each sentence with the comparative or superlative form of the modifier in parentheses. The discipline comprises corporate responsibility, personal responsibility, social responsibility, loyalty, fairness, respect, trustworthiness, and technology ethics. Though there are many ethical opinions that most people share, ethics will differ from person to person. D. Outsiders must be told about the ethics program. Corporate social responsibility is a business's concern for: Those who oppose corporate social responsibility believe that A. the breakdown of traditional religious institutions. demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. American businesses are demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. Ethical behavior can have negative consequences to the bottom line in the long run. 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] favor management in their investigations, A communication tool many companies use to inform diverse groups of their social responsibility efforts at little cost is. Business Ethics refers to carrying business as per self-acknowledged moral standards. In a business setting, ethical behavior applies to any employee, team lead or supervisor. How are these two rates measured? Dodd-Frank Wall Street Reform and Consumer Protection Act. about being fair and honest with their stakeholders Multiple Choice . Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. E. A criminal lawsuit. Those who exemplify ethical behavior do the right thing regardless of whether they get credit for it. C. Accounting fraud They define crimes more narrowly than do ethics protect from fraud, theft, and violence, while are used to decide how we treat others responsibly to society's views of right and wrong Ethically Behaving often requires more than obeying the law. 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. Putting Ethical Design into Practice. An organization's managers instill corporate values and _____________________ in employees by the examples they set. A business should be managed ethically for many. 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. Multiple select question. Here are five reasons why you should keep things legal and follow business ethics in accounting. Which of the following statements about business ethics is false? 'Business' can mean an activity of exchange. Ethical behavior does not matter to 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. the collection of laws to protect society from fraud, theft, and violence. A social audit is a systematic evaluation of a company's progress toward becoming a socially responsive organization. The amount of pollutants a firm unleashes into the environment would serve as an example of a negative activity that would be included in the social audit measurements. An important factor in enforcing an ethics code is: Write dialogue for an imaginary conversation between the speaker of When We Two Parted" and the person he addresses. D. Philanthropy E. Altruistic, Which of the following is NOT one of the "Market Assessment and Strategy Development" responsibilities? When management considers ethics in its actions toward stakeholders, employees can be positively affected. corporate raiders. Rank the following jobs according to their importance in influencing the implementation of ethical standards. A business starts with the correct usage and allocation of finances and cost management. Synonym Discussion of Ethical. Full-time co-workers A. Diversity and discrimination B. The field of ethics is a branch of philosophy that seeks virtue and morality, addressing questions about "right" and "wrong" behavior for people in a variety of settings; the standards of behavior that tell how human beings ought to act. vigilantes. internal search and occupy organizations. Which of the following are true regarding ethical behavior? Example 1. 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? Which of the following are examples of outside stakeholders that must be told about a company's ethics program? Conversely, when unethical behavior was commonplace, the quality of service had a much-diminished impact on the success of business operations. I'm a Product Manager with experience working cross-functionally with business roles (e.g. To attract customers To avoid lawsuits To maintain a good reputation Making decisions that we know are different from what is right erodes our self-esteem. holding international suppliers to different standards than American companies must adhere to in the United States. A well-implemented ethics program can also reduce losses. Top management at Lancer Distributing is convinced that they have a social responsibility to their community. This is somebodyelse\underline{\text{somebody else}}somebodyelse notebook. [A] is costly, but worthwhile in reaching specific customers Unfair competitive practices in the computer industry Research has shown that companies engaged in corporate social responsibility (CSR): Financial transparency promotions, The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: They need to take responsibility for what happened and be proactive in fixing it. ______________ ____________ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. [A] relate well to employees at all levels True or false: Corporate Social Responsibility (CSR) and corporate profits can at times go hand in hand. internal investigation. socialism Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. Multiple choice question. In the long run, they believe Employees and management alike can work together to create businesses that have high standards. A. 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. True or false: Individuals have social responsibilities regarding their ethical behavior in the business world. socially conscious research organizations. Business ethics concerns ethical dilemmas or controversial issues faced by a company. A. customers the fastest way to demoralize your stakeholders is to spend too much money supporting social issues, such as having employees assist in community efforts. enjoy greater employee loyalty An ethical business will get your employees to respect your company . Corporate social responsibility is based on a The You Design, We Build Company makes custom furniture of all kinds. (B) are limited to the United States D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. E. Consumer safety information, Which of the following is NOT one of the "Business System Design and Development" responsibilities? 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. C. commitment to a management training program. for the welfare of society as a whole, about being fair and honest with their stakeholders Compliance-based ethics codes focus on: C. Operational initiatives U.S. economist Milton Friedman believed that the only social responsibility of the corporation was to its stockholders. A business should be managed ethically because Multiple select question. cultural and accountable B. TRUE There are many reasons why a business should be managed ethically : ( 1 ) to maintain a good reputation , ( 2 ) to keep existing customers , ( 3 ) to attract new customers , ( 4 ) to avoid lawsuits , ( 5 ) to reduce turnover , ( 6 ) to avoid government intervention , ( 7 ) to please customers , employees , and society , and ( 8 ) because it is the right thing to do . Businesses can show their CSR in many ways. A. Whistleblower [A] for the welfare of society as a whole Periodically asking every employee to evaluate the company's ethics performance. Many companies believe they have a role in promoting ____________ ______________ , so they donate to local food banks, promote literacy, and provide computer lessons for inner city children. ethical standards in the U.S., but unfortunately foreign leaders are not being subjected to ethical scrutiny. 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. The first area is productivity. free from the concern of 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? Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. Less than 202020 percent of the eligible voters has\underline{\text{has}}has an opinion about that subject. Maximizing ethical conflict in work groups Explanation 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 . Explanation Multiple Choice Byron Almen, Dorothy Payne, Stefan Kostka, The Language of Composition: Reading, Writing, Rhetoric, Lawrence Scanlon, Renee H. Shea, Robin Dissin Aufses, Eric Hinderaker, James A. Henretta, Rebecca Edwards, Robert O. Self, Chapter 18 APUSH The Victorian Era 1880-1917. We covered: How data teams can actually design ethical ML models, after . Top management 1. Discrimination and Harassment. Business ethics helps to optimize company resources. It is actually a structure of moral principles and code of conduct applicable to a business. D. Integrity watchdog. Hence, a business should have a trustworthy source of finance and maintain healthy relations with financial sources like Banks, Financial Institutions, Stakeholders, etc. Demanding developing countries to adhere to U.S. law on human rights and the environment is not clear-cut. Studies have shown that what most influences a company's effectiveness and financial performance is: responsible management of human resources, Which of the following behaviors are illegal in the United States, but potentially put our companies at a disadvantage in overseas markets? Research into ethics and business performance has shown the two are linked in some important ways. corporate social initiative [B] passing laws to make accounting records more transparent aggregate independent appraisal. It is the right thing to do. 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 In this episode of Experiencing Data, Chenda and I explore her actual methods to designing ethical AI solutions as well as how she works with UX and product teams on ML solutions. Studies have found a _____ correlation between academic dishonesty and dishonesty at work. Companies (D) affect hiring practices very little. B. opportunity. It is an act that is against the law and against Securities and Exchange Commission policy. 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. True hiring only women and minorities Dodd-Frank Wall Street Reform and Consumer Protection Act \text{Utilities Expense} & 500 & \text{Office Supplies} & 1,500 \\ E. Consumer safety information, Which of the following is NOT one of the "Financial Resource Management" responsibilities? C. a loss of employee commitment and trust in the company and its management. Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. B. focus on cost and quality control systems within your organization. Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of __________________and not only of their owners. increasing the diversity of their workforce The best way to instill a culture of ethics among your employees is to lead by example and maintain a clear zero-tolerance policy on specific unethical behaviors, such as lying, cheating, stealing and fraud. Packaging requirements 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. Multiple select questions. an individual's ethics The side effects are so great that the society urges that the business should always be ethically and socially responsible. Business ethics are applicable not only to the manner the business relates to a customer but also to the society at large. Top management D. guideline. If an underlined word is already in the correct possessive form, write a C on the line. plan to maximize profits for shareholders to spend in communities By being ethical, leaders can foster an environment that rewards and encourages good attitudes. Multiple choice question. Use the context of the sentences and what you know about the Latin root -cred- to explain your answer to each question. social order ethics Demanding Ethical and Socially Res, Intro-Into-Business: Ch. Prepare computations showing how much profits will increase or decrease as a result of making the starters. In the long run, CSR enhances profits. Determining what is involved for a firm to be socially responsible: A. is easy. D. operating ethically, honestly and lawfully E. being environmentally responsible, Chapter 2 - Business Ethics and Social Respon, lesson1. likely to perform better financially allows them to connect directly with customers In the study, researchers determined that a higher quality of service positively impacted business operations when ethical adherence was also high. Motivation. What occurs when an employee exposes an employer's wrongdoing to outsiders? B. 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. allow for complete anonymity tax officials. If youre concerned your company culture isnt rooted in ethical behavior, consider taking corrective action to reduce and prevent further unethical activities by employees. \text{Direct materials} & \text{\$ 3.10}\\ A. Internet employees and internal public relations building parks Periodically asking every employee to evaluate the company's ethics performance. [C] making businesspeople more accountable for their actions Chapter 4. Integrity-driven ethics codes Ethical behavior positively impacts a businesss financial performance. \text{Depreciation} & \text{1.00} & \text{\$ 40.000}\\ Often, business ethics involve a system of practices and procedures that help build trust with the. decreased financial donations but encouraged their employees to volunteer their time to corporate social initiatives and projects. E. all of the answers are correct. allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: List the most influential on top. [D] businesses with good reputations attract customers. [A] They will bribe local officials to change their policies. [B] To maintain a good reputation This is due to the fact that our ethics are shaped by our moral code. C. practice deception regarding product safety issues. Strict global regulations require it. social audit. 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. All successful businesses communicate effectively. True false question. Supervisor Practice deception regarding product safety issues. B. maintaining proper accounting procedures. D. structure and strategy. social auditing, Which of the following are examples of outside stakeholders that must be told about a company's ethics program? D. expanding the opportunity to behave ethically by providing punishments for following the rules. (C) benevolence is the highest virtue Nike suffered criticism due to its __________ _____________ violations in their overseas manufacturing facilities. Multiple choice question. Supports ethically sound behavior In fact, data collected by Ethisphere, an organization that tracks the ethical conduct of the worlds largest companies, found that the businesses listed on its 2022 list of most ethical companies outperformed an index of similar large cap companies by 24.6 percent overall. Community members are bound by the pursuit of common values and goals. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. unethical Multiple select question. ______________- ________________ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. This is an example of corporate: Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma? (A) investors putting more money into both markets She was even _____ after her solo than before. However, anyone caught violating a law will be immediately fired." allows them to reach specific groups more directly. an individuals behavior is influenced by the behavior of others. ethical standards that are often unreasonable and cannot be met by most leaders. 1. information technology 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. 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. 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 HR professionals sometimes face ethical or moral dilemmas. corporate social responsibility, Corporate social responsibility is when businesses are concerned How Does 401(k) Matching Work for Employers? reducing regulations about labeling What Does Ethical Decision Making Mean? Uploaded By Coleton99; Pages 108 Ratings 100% (5) 5 out of 5 people found this document helpful; E. All of the answers are correct. Fraud 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 reduces laws and regulations C. Corporate strategy An important factor in enforcing ethics codes is selecting a(n) _________________ __________________. Having constant conversations and reminders makes it less likely an employee will break a rule or have a low-quality output. social justice. D. employee retaliation by doing the minimum needed to get by. Corporate philanthropy As a philosophy, ethics are the principles that guide a person's behaviour. Emphasizes strong penalties for wrongdoers True D. Mayhem C. An ethics office must be set up. Multiple Choice It emphasizes sustainability, customer loyalty, brand image, and employee retention.
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