[C] The U.S. government will use military force to enforce labor laws.. Business Ethics - Definition, Principles, Types, Examples - WallStreetMojo The moral and ethical standards by which leaders are judged are far stricter than in the past. only to compete and make a profit Source interviews were conducted for a previous version of this article. 23 Ethical & Unethical Behavior Examples in Workplace - Formpl Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? social audit. 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 . D. Improved awareness of the relevant laws. Multiple Choice 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. retaliation Multiple Choice going to lose money by providing pay raises 22. Increasing public concern for the environment created by the ________________ movement has more businesses looking for environmentally friendly ways to do business. Use the context of the sentences and what you know about the Latin root -cred- to explain your answer to each question. B. the police in jurisdictions where the business has operations. Therefore, it is the most significant resource to run or upgrade any business. 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. Internal Audit Company Protection Act ______ of the ethics code in a timely manner is the most forceful way to communicate its importance. 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. What are the causes of pay discrimination in the labor market? It could also mention specific protocol within the business. Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of __________________and not only of their owners. He also believed anything other than that would be considered: 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 . Ethical behavior includes honesty, fairness, integrity and understanding. A. Internet The first area is productivity. Conversely, when unethical behavior was commonplace, the quality of service had a much-diminished impact on the success of business operations. Which of the following are true regarding ethical behavior? The owners of Good Eats Restaurant in St. Louis drove several hours with a van of employees, equipment, and food to donate what they could to help the storm victims. Part-time co-workers. Multiple Choice capitalism Trust and cooperation between workers and managers must be based on which of the following? government-supported direct mail campaigns They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations. D. expanding the opportunity to behave ethically by providing punishments for following the rules. insider trading. C. Research practices E. all of the answers are correct. Explanation Ethics in Management | Encyclopedia.com Explanation A. [B] reaches broad and diverse groups Those who exemplify ethical behavior do the right thing regardless of whether they get credit for it. It is actually a structure of moral principles and code of conduct applicable to a business. reducing regulations about labeling Taking Advantage of the Advantages: Gifts, Bribes, and Kickbacks 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. Explanation This will ensure that you have trustworthy employees working for you. free from the concern of socially conscious research organizations. increasing the diversity of their workforce Multiple choice question. 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. [A] making the charges public before the investigation Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. Those who argue in favour of corporate social responsibility suggest that: Insider trading refers to the discussion or leak of private, proprietary information about a firm that is not yet made public. Business Ethics refers to carrying business as per self-acknowledged moral standards. Governments Multinational corporations are committed to operating within the legal limits of U.S. law. C. structure and strategy. A. 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. B. ability to plan for the unexpected. Multiple Choice 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. Compliance-driven ethics standards . ___________ _____________ is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. firms should take added caution not to support government programs that protect the environment. demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. The concern businesses have for the welfare of society, not just for their owners is: Socially conscious investors insist that a company extend its own high standards to its ____________________. 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. \text{Depreciation} & \text{1.00} & \text{\$ 40.000}\\ Which of the following are reasons a business should be managed ethically? help store confidence in corporate america and canada, Which of the following have been cited as incidents of unethical business activity recently? Top management 1. Government and business leaders are being held to is costly, but worthwhile in reaching specific customers U.S. companies tend to overlook and forget human rights abuses abroad. Research has shown that companies engaged in corporate social responsibility (CSR): \text{Total production cost} & \text{\$ 9.20}\\ Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. The _____________ _________________is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. A. Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back. ethical standards that are often unreasonable and cannot be met by most leaders. C. It is the law in the U.S. D. Employees. The World Trade Organization (WTO) It is an act that is against the law and against Securities and Exchange Commission policy. 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. (C) gains for investors in 2008 and 2009 Shared accountability among employees. In fact they contribute to it: 1. Sarbanes-Oxley Ruling Chenda Bunkasem is head of machine learning at Undock, where she is focusing on using quantitative methods to influence ethical design. Managers Set the Tone The effects of managerial decision making go beyond any single, isolated decision. The total rent on the plant is$80.000 per period. Multiple Choice Compliance-based ethics codes, In order to have trust and cooperation between workers and managers there needs to be Top management must adopt and support a corporate code of conduct. A high ethical standard extends to customers as well. \text{Retained Earnings, Jan. 1, 2016} & 4,800 & & \\ The employment of ethical business practices can enhance overall corporate health in three important areas. Team and business confidence. 1. Having constant conversations and reminders makes it less likely an employee will break a rule or have a low-quality output. Think about a business that hires only family or one that gives inappropriate incentives, for example. B. a failure of leadership to establish ethical standards. Multiple select question. What Are Business Ethics and Why Are They Important? True The second major meaning behind the term is . (D) going to lose money by providing pay raises, A business should be managed ethically because Marilena Crsteanu - International Customer Experience Advisor Distributors. B If the verb is already correct, write C above it. tax officials. 360 degrees marketeer, business strategy addict, passionate about creative projects and most importantly project teams. 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? Employees and management alike can work together to create businesses that have high standards. (D) occur in only a few countries. 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. communism, Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: D. management is insensitive to ethical issues. Due to a reduction in output, the company has idle capacity that could be used to produce the starters. Dodd-Frank Wall Street Reform and Consumer Protection Act integrity-based 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. SE Oklahoma's MBA Programs Teaches Ethics unethical D. Outsiders must be told about the ethics program. ", Corporate social responsibility is when businesses are concerned Eric Allgood - Managing Director - Small Business Assistance and C. Accounting fraud A business should be managed ethically for many A. Harassment and discrimination are arguably the most prominent contemporary ethical issues in business today. D. varies from industry to industry. '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. How can. How Managers Can Encourage Ethical Behavior | Principles of Management Multiple Choice In a business setting, ethical behavior applies to any employee, team lead or supervisor. Integrity-based ethics is informal company behavior that evolves from individuals' desire to make things better for all. Noone\underline{\text{No one}}Noone attitude has improved as much as his\underline{\text{his}}his has. By being ethical, leaders can foster an environment that rewards and encourages good attitudes. [A] relate well to employees at all levels The international Day Of Pe, Chapter 3 Doing Business in a Global Markets, 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, Spring 2018 Final Exam Review Chapters 8,9,10. Multiple select question. An important factor in enforcing an ethics code is: 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. This includes managers and subordinates, peers and clients. Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. 360-review. [B] To maintain a good reputation Multiple Choice This is somebodyelse\underline{\text{somebody else}}somebodyelse notebook. (A) 3 out of 4 citizens do not give any time to the communities in which they live Which of these actions is LEAST likely to restore the trust of the American public in the free-market system? going to save money by not hiring those who are disabled Ethical Dilemmas: How Scandals Damage Companies 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? Ethical management generates trust, and trust increases productivity. It is essentially a moral compass. A social audit is a systematic evaluation of a company's progress toward becoming a socially responsive organization. Compliance-based ethics codes focus on: building parks C. Investor relations Those who have others interests in mind when they make decisions are displaying ethical behavior. A business should be managed ethically for many reasons: to maintain a good reputation; to keep existing customers and attract new ones; to avoid lawsuits; to reduce employee turnover; to avoid government intervention; and to please customers, employees, and society. True Performance-Based Pay Wont Motivate Employees as 10 Development Goals for Better Leadership. actual ethics. Explanation America's CEOs Seek a New Purpose for the Corporation [A] few losses to investors 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. corporate social initiative "It's an ongoing phenomenon that must be better understood and managed and . Ethical Definition & Meaning - Merriam-Webster Compliance-based ethics codes School McMaster University; Course Title COMMERCE 1E03; Type. Ethical managers encourage autonomy, involvement, opportunity and responsibility - and these factors contribute to: Creativity. [D] They may choose to cancel orders when there are environmental abuses. 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.
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