Multiple Choice (D) it reduces laws and regulations, Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: To manage these risks and the ethical obligations they imply, CDOs should work on developing institutional practices for continual learning and interaction with external experts. ___________ _____________ is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. How to Write a Self-Assessment: 5 Tips to Improve Do Not Sell/Share My Personal Information, Limit the Use of My Sensitive Personal Information. C. writing their representatives in Congress. protect them from retaliation not concerned with the ethical or socially responsible behavior of their international suppliers. Ethical problems such as influence peddling and bribery: Demanding Ethical and Socially Res, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition, Natuurwetenschappen eerste jaar examen trimes. Sherman Act Positive Effects of . C. energy consumption 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. Chapter 4. actual ethics. Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. Top management 1. C. teamwork eliminates a need for personal ethics. A. Defines an organization's guiding principles. Less than 202020 percent of the eligible voters has\underline{\text{has}}has an opinion about that subject. Multiple select question. How Does 401(k) Matching Work for Employers? According to recent U.S. Census Bureau research volunteerism is at an all-time high, but A. expanding the opportunity to behave ethically by providing rewards for following the rules. A business starts with the correct usage and allocation of finances and cost management. 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. Practice deception regarding product safety issues. Multiple choice question. One strategy guaranteed to displease your customers is to: Both high-quality service and low unethical behaviors are important to predicting business unit performance, said Jiang. Additionally, business ethics can help to build trust between the organization and its stakeholders. is costly, but worthwhile in reaching specific customers 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. E. help restore confidence in Corporate America and Canada. What kind of person do you think Paulsen is? Top management is essentially conducting a(n) (D) occur in only a few countries. \text{Rent Expense} & 11,000 & \text{Dividends} & 4,500 \\ Integrity-based ethics codes Multiple select question. 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 . A reputation for positive ethical behavior entices more potential clients, customers and partners to work with you. True Integrity-based ethics codes corporate social initiative C. help laid-off employees get their jobs back. C. It is the law in the U.S. D. Employees. Society (C) gains for investors in 2008 and 2009 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: global policy for the welfare of society as a whole, about being fair and honest with their stakeholders True Explanation 22. D. Deceptive advertising of food products E. All of the answers are correct, As a new employee, Vanessa has heard her boss say, "Do whatever it takes to meet your sales quota. separating themselves from suppliers who violate It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. Multiple choice question. reaches broad and diverse groups Conversely, when unethical behavior was commonplace, the quality of service had a much-diminished impact on the success of business operations. Studies have found a _____ correlation between academic dishonesty and dishonesty at work. Ethical behavior means your team operates according to fair and transparent standards, not just complying with legal rules or regulatory requirements, but going above and beyond to ensure decisions are applied through an ethical lens. Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? _____________________ _____________________ _____________________is a business's concern for the welfare of society. C. teamwork eliminates a need for personal ethics. An integrity-based ethics code defines the organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability. Strategic partnering A systematic evaluation of a company's progress toward implementing socially responsible programs is known as a(n)___________________ __________________ . List the most influential on top. 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. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. plan to maximize profits for shareholders to spend in communities insider trading. Ethical marketing is less of a marketing strategy and more of a philosophy that informs all marketing efforts. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. Reevaluating its ethics codes based on the input of its customers. Top management 4. Multiple choice question. China is a communist country. It is an act that is against the law and against Securities and Exchange Commission policy. [B] Bribery social impact program. A business should be managed ethically for many reasons to maintain a good. 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. [A] relate well to employees at all levels D. Improved awareness of the relevant laws. [D] allows them to connect directly with customers. Harassment and discrimination are arguably the most prominent contemporary ethical issues in business today. 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 (B) it is using investors' money in ways they did not intend additional taxes ______ of the ethics code in a timely manner is the most forceful way to communicate its importance. Corporate social responsibility describes the firm's: A. responsibility to their stockholders. A. guilt payments. Dont make ethics an afterthought in your company culture. E. All of the answers are correct. Everyone with whom the business has dealings. B. because strict global regulations require it. free from the concern of C. An ethics office must be set up. Your boss has prepared some questions for you to consider. C. Education and training B. ability to plan for the unexpected. Global Business Ethics. Establishing an ethical culture starts with company leadership and involves ongoing emphasis that ethical standards are respected. False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: (D) businesses cannot succeed in societies that fail. B. disgruntled workers manipulating budgets and expenses. C. business exists only to make money for shareholders. Resource procurement and consumption practices Performance-Based Pay Wont Motivate Employees as 10 Development Goals for Better Leadership. 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 . Use the context of the sentences and what you know about the Latin root -cred- to explain your answer to each question. In fact they contribute to it: 1. 1. demanding that international suppliers adhere to higher, more costly standards than their American counterparts. In the workplace, there might be a standard for ethics set throughout the company. Ethical standards are different from country to country. [A] Influence peddling Ethical managers encourage autonomy, involvement, opportunity and responsibility - and these factors contribute to: Creativity. 'Business' can mean an activity of exchange. Distributors. Vanessa recognizes this as a(n) ________-based code of ethics. Multiple choice question. Ethical management generates trust, and trust increases productivity. Discrimination and Harassment. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and . can encourage employees to deceive customers, Following an ethics-based approach to decision making will normally lead to higher ________. The ethical lapses of global companies, such as Enron, Arthur Andersen, and WorldCom, over the span of a few years caused much devastation. A company that has socially responsible human resources management is Ethics are the standards of right and wrong set for us by society, whereas legality refers to. DirectmaterialsDirectlaborSupervisionDepreciationVariablemanufacturingoverheadRentTotalproductioncostPerUnit$3.102.701.501.000.600.30$9.20Total$60.000$40.000$12.000. Giving back to society B. an individual's behaviour is influenced by the behaviour of others. (C) to increase employee turnover based on a commitment to integrity and respect employees and internal public relations corporate responsibility <br> I . Explanation Many organizations create a code of ethics, which might include generic guidelines for ethical behavior about doing the right thing or remaining fair. It is essentially a moral compass. 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. C. moral philosophy. Companies Who sets the standards of right and wrong as defined by ethics? \text{Insurance Expense} & \$ 2,000 & \text{Salaries Expense} & \$ 37,000 \\ D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. A. Ignoring hazardous job conditions that exist in the company's facilities C. limiting the opportunity to behave unethically by providing rewards for violations of the rules and an individuals behavior is influenced by the behavior of others. With over 20 years of consulting experience across various industries throughout Australia and abroad, I am known for my ability to develop and turn creative strategies into efficient execution and excellent . Supervisor 2. She has asked you to give her information about what determines the level of various interest rates. secondary market companies. 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?

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