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. [B] passing laws to make accounting records more transparent tax officials. A. responsibility B. enjoy significantly higher profits. [A] few losses to investors Unethical behavior has consequences for future business, including heavy fines, expensive lawsuits and reputational damage. Multiple select question. 23 Ethical & Unethical Behavior Examples in Workplace - Formpl Multiple choice question. Becoming an environmentally friendly business | Business Queensland likely to perform better financially List the most influential on top. Although this was a noble act, Jake knew that the hero was frequently negligent about wearing his own headgear. ______________- ________________ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. Multiple Choice B. maintaining proper accounting procedures. Which of the following would be a unique focus of an integrity-based ethics code? [A] They will bribe local officials to change their policies. When Paulsen describes Storm, he also gives clues about his own personality. Reading: Global Business Ethics | International Business - Lumen Learning The ethics code must be enforced. Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. Multiple Choice One strategy guaranteed to displease your customers is to: Multiple choice question. It seeks to promote honesty, fairness, and responsibility in all advertising. global policy Explanation 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. Multiple select question. One employee whose name was at the top of everybody's list was instrumental in helping another employee who failed to wear his protective headgear to avoid suffering a serious head injury. D. employee retaliation by doing the minimum needed to get by. In fact they contribute to it: 1. 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 B. because strict global regulations require it. holding international suppliers to different standards than American companies must adhere to in the United States. 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. C. to attract new customers and retain existing customers. (A) likely to perform better financially All successful businesses communicate effectively. Stresses shared accountability B. the police in jurisdictions where the business has operations. With regard to socially responsible behavior, American businesses are (B) going to save money by not hiring those who are disabled increasing control There is significant pressure on U.S. companies to separate themselves from suppliers who violate human rights and environmentally progressive guidelines. A. you need to justify socially responsible behaviour from an investors standpoint only. Explanation Top management 4. Learn how to boost employee morale and create a better company Good leadership is central to the success of any business. Product safety ", Corporate social responsibility is when businesses are concerned Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. 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." C. business exists only to make money for shareholders. However, it was disclosed that somehow a member of Paulie's management team mentioned the deal to a person he sat next to on a flight from LA to Seattle. [C] conducting objective investigations '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. Vanessa recognizes this as a(n) ________-based code of ethics. False. (C) likely to perform worse financially [B] They may choose to cancel orders when there are human rights abuses. Explanation False, Whistleblowers can be helped by protecting them from: Establishing an ethical culture starts with company leadership and involves ongoing emphasis that ethical standards are respected. (B) make employers reluctant to hire those who have cheated Top management is essentially conducting a(n) [D] severe financial crises. Intro-Into-Business: Ch. 4 Learn Smart Flashcards | Quizlet Why a Business Should be Managed Ethically? - The Business Guru 360-review. Serves as full-time, tenure tracked Business Instructor for the college's Bachelor of Applied Science in Organizational Management (BAS-OM) program, teaching classroom, hybrid, and online courses. 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 Which of the following would least likely involve ethical concerns? A business should be managed ethically for many. C. providing all relevant information about current and projected performance of the firm. [A] relate well to employees at all levels When there is a standard of accountability at an organization, its people hold themselves and their peers to a standard of responsibility. BUS-112 Chapter 4 - Subjecto.com Responsible business behavior depends on the responsible behavior of each ______ in the business world. An important factor in enforcing ethics codes is selecting a(n) _________________ __________________. Businesses must abide by some basic principles. One entity (e.g., a person, a firm) "does business" with another when it exchanges a good or service for valuable consideration, i.e., a benefit such as money. Some common workplace ethics include trustworthiness, accountability, respect, transparency, and integrity. Multiple Choice Multiple choice question. 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. Management ethics can factor into issues including coworker interactions, conflicts of interest, customer safety, honest advertising, customer information security and the responsible use of corporate resources. Multiple choice question. Companies who are percieved as being socially responsible will ultimately earn more profits for their investors. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. 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. information technology Multiple choice question. 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. True Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma? Dodd-Frank Wall Street Reform and Consumer Protection Act. Financial transparency Depreciation is due to obsolescence rather then wear and tear. Integrity-driven ethics codes When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong. False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. going to save money by not hiring those who are disabled U.S. economist Milton Friedman believed that the only social responsibility of the corporation was to its stockholders. E. law. allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: A business's responsibilities to its owners and investors include Periodically asking every employee to evaluate the company's ethics performance. 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. ethical standards that are often unreasonable and cannot be met by most leaders. 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. List the most influential on top. Distributors. [C] only to compete and make a profit (A) are just part of doing business Mistakes and misunderstandings are bound to happen in any work setting. Multiple Choice Demanding developing countries to adhere to U.S. law on human rights and the environment is not clear-cut. (D) make more money for investors in the short run. allow for complete anonymity Global Business Ethics. (D) businesses cannot succeed in societies that fail. (C) 4 out 5 citizens volunteer an hour each week integrity-based a clear set of rules and regulations 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. American businesses are demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. 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. Ethical problems such as influence peddling and bribery: Which of the following are true regarding ethical behavior? Corporate policy refers to the position a firm takes on ______________ and __________________ issues. [A] is costly, but worthwhile in reaching specific customers Explanation In a business setting, ethical behavior applies to any employee, team lead or supervisor. Why Are Business Ethics Important? A Guide - Investopedia In the long run, they believe 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 . A. the breakdown of traditional religious institutions. When implementing an ethics code, it is important to share it with all ___________________________because pressure to act unethically often comes from the outside. 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 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. the fastest way to demoralize your stakeholders is to spend too much money supporting social issues, such as having employees assist in community efforts. Business ethics benefits the bottom line. 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. free from the concern of the collection of laws to protect society from fraud, theft, and violence. going to lose money by providing pay raises reducing regulations about labeling standards. 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. Business Ethics - Overview, Examples, Components of Business Ethics Strict global regulations require it. 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. Supervisor Explanation <br> I believe AI should be built responsibly and produce ethical outcomes. Resource procurement and consumption practices Multiple choice question. 2. can encourage employees to deceive customers, Following an ethics-based approach to decision making will normally lead to higher ________.
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