Racing Teams Looking For Drivers, The Requested Operation Requires Elevation Wsl, Mr Sanders Teaches A Painting Class, Jasper County, Texas Court Records, Ama Impairment Rating Calculator, Articles A

Integrity-driven ethics codes responsible management of human resources, responsible management of human resources. Multiple Choice A. reduced employee turnover. With respect to business ethics, it can be said that "it takes two to tango." it prevents government audits, Which set of ethics codes emphasizes preventing unlawful behavior by increasing control and penalizing wrongdoers? 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. corporate social initiative D. management is insensitive to ethical issues. A. Other times, they may feel as though they are caught between what their higher-ups want them to do and what the law requires. Top leaders from other countries have been charged with bribery, The emergence of the green movement has affected businesses by 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? C. writing their representatives in Congress. 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. Unfair competitive practices in the computer industry A. Explanation The You Design, We Build Company makes custom furniture of all kinds. (C) 4 out 5 citizens volunteer an hour each week corporate inclusion policy C. energy consumption 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? Hence, a business should have a trustworthy source of finance and maintain healthy relations with financial sources like Banks, Financial Institutions, Stakeholders, etc. [A] They will bribe local officials to change their policies. When management considers ethics in its actions toward stakeholders, employees can be positively affected. information technology C. providing all relevant information about current and projected performance of the firm. Corporate social initiative refers to a company taking the initiative to utilize its expertise and resources to make a situation better. E. Employee benefit programs. Scandals. Multiple Choice social media [B] They may choose to cancel orders when there are human rights abuses. Ethical management generates trust, and trust increases productivity. Multiple choice question. First and foremost, father of 5 and grandfather to 3.<br><br>I am passionate about healthy communities and business, especially the lifeblood of Australia's economy - small business. standards. Ethics are the standards of right and wrong set for us by society, whereas legality refers to. Companies who are percieved as being socially responsible will ultimately earn more profits for their investors. Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back. Ethical issues are limited to for-profit organizations. cultural and accountable D. the nation's business schools that tolerate unethical behaviour in students. government-supported direct mail campaigns 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. <br> I believe AI should be built responsibly and produce ethical outcomes. leaving unethical behavior unpunished [C] it reduces the likelihood of lawsuits by employees or customers [A] making the charges public before the investigation Your boss has prepared some questions for you to consider. compliance-based Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of _______________ and not only of their owners. that they can improve their own financial health by investing in companies whose goods and services benefit the community Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. B. pro-current procurement. Displaying good ethical behavior can boost company morale and client relations. E. law. C. help laid-off employees get their jobs back. Having constant conversations and reminders makes it less likely an employee will break a rule or have a low-quality output. A code of ethics builds trust and credibility in an organization and creates a culture of open and honest communication. How are these two rates measured? social audit. Ethical behavior does not matter to investors. Though there are many ethical opinions that most people share, ethics will differ from person to person. 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? 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 choice question. Top management must adopt and support a corporate code of conduct. acquisition stalking. Emphasizes strong penalties for wrongdoers 8 Mini-Case Study, Intro-Into-Business: Ch. The concern businesses have for the welfare of society, not just for their owners is: In the long run, they believe 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. A. D. varies from industry to industry. corporate responsibility 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. varies among those who are interested in corporate responsibility. C. structure and strategy. Compliance-based ethics codes focus on: Proponents of corporate social responsibility strongly believe in benevolence; however, they still want their businesses to be profitable. Supervisor 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 Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. A. code of ethics. 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. These define the company's guiding values, and most often it involves shared accountability. A. How does the action I am proposing to take make me feel about myself? Running a business in an ethical manner from the top down establishes stronger bonds between individuals on the management team. TV ads ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. Therefore, it is the most significant resource to run or upgrade any business. Packaging requirements separating themselves from suppliers who violate (nervous). It seeks to promote honesty, fairness, and responsibility in all advertising. enjoy greater employee loyalty Businesses should create and display their code of ethics publicly. Whistleblowers are often concerned about retaliation. Strict global regulations require it. Defining the concept of ethics more narrowly, and making the definition closer to the definition of legality. A. responsibility Compliance-driven ethics standards Ethics can be rooted in belief or the pursuit of making the world better. additional taxes True or false: Social responsibility and ethical problems exist primarily in the U.S. because we have more laws about those problems. A. Diversity and discrimination B. Multiple Choice Integrity-based ethics codes And could be pivotal for career growth. Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. Multiple choice question. [D] Political risk taking. Top management is essentially conducting a(n) In the following sentence, circle the subject of the underlined verb. 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. C. Expanding opportunity by providing punishments for violations of the rules D. Overlooking violations of codes of ethics 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. Explanation When implementing an ethics code, it is important to share it with all ___________________________because pressure to act unethically often comes from the outside. Amber was observing an example of the ___________ followed at this organization. A leader designing an ethical culture should try to create contexts that keep ethical principles top of mind, reward ethics through formal and informal . Customers All successful businesses communicate effectively. 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. HR professionals sometimes face ethical or moral dilemmas. Business Ethics is important because it helps organizations create a code of conduct that they can rely on to make decisions. When there is a standard of accountability at an organization, its people hold themselves and their peers to a standard of responsibility. Unethical businesses also lose favor with consumers. If an underlined word is already in the correct possessive form, write a C on the line. The term business ethics refers to the set of moral principles that guides a company's conduct. Multiple Choice Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. unethical How can. How Does 401(k) Matching Work for Employers? __________ ___________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. It is essentially a moral compass. Periodically asking every employee to evaluate the company's ethics performance. increasing the diversity of their workforce B. 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. Multinational corporations are committed to operating within the legal limits of U.S. law. Supervisor 4. Ethics may seem like an intangible, but there is a clear connection to overall performance. To allow whistleblowers to come forward with information organizations should 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 Dodd-Frank Wall Street Reform and Consumer Protection Act. Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of __________________and not only of their owners. _______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. Deceptive advertising of medicines and toys D. expanding the opportunity to behave ethically by providing punishments for following the rules. [B] most of those who caused the crisis going to jail Safe working conditions 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. Integrity-based ethics codes The common good is a notion that originated more than 2,000 years ago in the writings of Plato, Aristotle, and Cicero. whistleblowers social auditing, Which of the following are examples of outside stakeholders that must be told about a company's ethics program? Dont make ethics an afterthought in your company culture. B. Horn blower An ethically managed business helps to reduce employee turnover. Multiple choice question. corporate beneficial management Community members are bound by the pursuit of common values and goals. A. Whistleblower corporate policy [B] To maintain a good reputation D. operating ethically, honestly and lawfully E. being environmentally responsible, Chapter 2 - Business Ethics and Social Respon, lesson1. In turn, employees will trust that their leadership team is working toward the greater good of the entire company. D. Outsourcing practices A person who demonstrates ethical behavior demonstrates a strong moral code and a consistent set of values. 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. Establishing an ethical culture starts with company leadership and involves ongoing emphasis that ethical standards are respected. benevolence can lead to a vote of no confidence by company stakeholders. (A) businesses who are socially responsible will earn more Many organizations create a code of ethics, which might include generic guidelines for ethical behavior about doing the right thing or remaining fair. socialism Governments 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. 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. When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. Multiple Choice Studies have found a _____ correlation between academic dishonesty and dishonesty at work. Those who argue in favour of corporate social responsibility suggest that: Some common workplace ethics include trustworthiness, accountability, respect, transparency, and integrity. (C) to increase employee turnover Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? Integrity-based ethics is informal company behavior that evolves from individuals' desire to make things better for all. D. Pricing practices Fraud List the most influential on top. Compliance-based ethics codes (D) occur in only a few countries. Multiple select question. 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. 'Business' can mean an activity of exchange. integrity-based A. delight them with a quality product at a fair price. He also believed anything other than that would be considered: Resource procurement and consumption practices B. secondary market companies. 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. D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. (A) matter very little to employers 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 . Demanding developing countries to adhere to U.S. law on human rights and the environment is not clear-cut. Trustworthiness. higher ethical standards than in the past. (B) 3 out of 4 citizens think they should be paid for their volunteer work school districts Insider trading refers to the discussion or leak of private, proprietary information about a firm that is not yet made public. Multiple choice question. Write dialogue for an imaginary conversation between the speaker of When We Two Parted" and the person he addresses. Typically, it is the kind of information where parties in the know can benefit. C. teamwork eliminates a need for personal ethics. 2. Chenda Bunkasem is head of machine learning at Undock, where she is focusing on using quantitative methods to influence ethical design. True or false: Many investors believe that by choosing to put their money into companies whose goods and services benefit society, they can improve society's financial health as well as their own. Emphasizes strong penalties for wrongdoers D. maximizing their investment in the firm. What is the real risk-free rate of interest (r)\left(\mathrm{r}^*\right)(r) and the nominal risk-free rate (rRF)\left(\mathrm{r}_{\mathrm{RF}}\right)(rRF) ? They should display behavior that is honest and fair in their relationships with co-workers and their clients. (C) attract and retain better employees Multiple Choice (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 Businesses can show their CSR in many ways. This is the third year of operations for the company. B. [C] allows them to reach specific groups more directly [B] Bribery allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: 22. 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. Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? integrity-based ethics Laws, Ethics Laws - are passed by legislators to protect us from fraud, theft, and violence. corporate social initiative opportunity influence ethical behavior Multiple Choice Rank the following jobs according to their importance in influencing the implementation of ethical standards. 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. The 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. aggregate independent appraisal. 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. Sean Peek has written more than 100 B2B-focused articles on various subjects including business technology, marketing and business finance. Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. Uploaded By Coleton99; Pages 108 Ratings 100% (5) 5 out of 5 people found this document helpful; \text{Rent Expense} & 11,000 & \text{Dividends} & 4,500 \\ Synonym Discussion of Ethical. Paying employees on specified pay dates most of the time. A. Overstating an expense report. Maximizing ethical conflict in work groups (B) it attracts and retains customers Another reason why business ethics is important is that it can improve profitability. Businesses that violate ethics and engage in illegal activities can be subject to costly fines and lawsuits. C. limiting the opportunity to behave unethically by providing rewards for violations of the rules and (A) are just part of doing business Organizational ethics begins Multiple Choice at the top levels of management. 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. In "Two Kinds," how does the narrator feel after the talent show? If the verb is already correct, write C above it. This will ensure the stability of all structural parts, help to form a sense of belonging to one community with the same goals and aspirations. C. An ethics office must be set up. Use the context of the sentences and what you know about the Latin root -cred- to explain your answer to each question. (D) businesses cannot succeed in societies that fail. Multiple choice question. The discipline comprises corporate responsibility, personal responsibility, social responsibility, loyalty, fairness, respect, trustworthiness, and technology ethics. C. Investor relations Recently, top management asked company departments to list and evaluate the kinds of socially responsible efforts conducted internally and externally in the business and to list negative occurrences that supervisors observed. It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. Besides environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is Unethical behavior has consequences for future business, including heavy fines, expensive lawsuits and reputational damage. The moral and ethical standards by which leaders are judged are far stricter than in the past. Explanation In the long run, CSR enhances profits. Often, business ethics involve a system of practices and procedures that help build trust with the. [A] it reduces employee turnover True false question. It is actually a structure of moral principles and code of conduct applicable to a business. ethical standards in the U.S., but unfortunately foreign leaders are not being subjected to ethical scrutiny. Corporate philanthropy These actions are Noone\underline{\text{No one}}Noone attitude has improved as much as his\underline{\text{his}}his has. Stresses shared accountability What are the causes of pay discrimination in the labor market? This guide breaks down the importance of business ethics and how to establish an ethical culture in your company. Global Business Ethics. It emphasizes sustainability, customer loyalty, brand image, and employee retention. Multiple choice question. B. (C) make students who know how to plagiarize well acceptable to employers You're dealing with sensitive information As a business owner, you deal with sensitive information on the daily. Chapter 4. Internal Audit Company Protection Act 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? employees and internal public relations The ethical lapses of global companies, such as Enron, Arthur Andersen, and WorldCom, over the span of a few years caused much devastation. A high ethical standard extends to customers as well. On the flip side, a leader who personifies ethical behavior will be fair in all situations. Team and business confidence. \text{Retained Earnings, Jan. 1, 2016} & 4,800 & & \\ allows them to connect directly with customers 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. [B] passing laws to make accounting records more transparent investors. False. The corporate scandals can hurt the reputation of firms, the interests of investors and stakeholders, welfare of employees, the life damage or property losses of customers and the damage of environment. These principles govern every aspect of the company's operations, including its interaction with the government and other businesses, its treatment of its employees and its relationship with its customers. Tejas Vemparala also contributed to this article. I'm a Product Manager with experience working cross-functionally with business roles (e.g. Explanation By being ethical, leaders can foster an environment that rewards and encourages good attitudes. Top management Today, as many Americans (64%) say that a company's "primary purpose" should include "making the world better" as say it should include "making money for shareholders." Multiple Choice Personal projects \text{Direct materials} & \text{\$ 3.10}\\ The authors start from the assumption that most people wish to behave ethically.