a business should be managed ethically because10 marca 2023
This will ensure that you have trustworthy employees working for you. (B) make employers reluctant to hire those who have cheated [B] To maintain a good reputation Putting Ethical Design into Practice. capitalism B. philanthropy. Governments <br> I . 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. D. varies from industry to industry. 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. Multiple Choice (A) likely to perform better financially This approach to ethics assumes a society comprising individuals whose own good is inextricably linked to the good of the community. Although this was a noble act, Jake knew that the hero was frequently negligent about wearing his own headgear. To allow whistleblowers to come forward with information organizations should Safe working conditions Multiple choice question. [A] for the welfare of society as a whole going to save money by not hiring those who are disabled Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. ignoring both ethical and unethical behavior Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma? Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. But when they do, employees need to take accountability for their actions. One strategy guaranteed to displease your customers is to: help store confidence in corporate america and canada, Which of the following have been cited as incidents of unethical business activity recently? 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. There are a wide variety of examples of ethical behavior in the workplace. socially conscious research organizations. Complete each sentence with the comparative or superlative form of the modifier in parentheses. How to Get a Bank Loan for Your Small Business, How to Conduct a Market Analysis for Your Business, Guide to Developing a Training Program for New Employees. aggregate independent appraisal. What are the causes of pay discrimination in the labor market? Team and business confidence. ethical standards in the U.S., but unfortunately foreign leaders are not being subjected to ethical scrutiny. Supervisor 4. The authors start from the assumption that most people wish to behave ethically. What Does Ethical Decision Making Mean? You're dealing with sensitive information As a business owner, you deal with sensitive information on the daily. corporate inclusion policy B. \text{Common Stock} & 8,500 & \text{Accounts Receivable} & 7,500 \\ Multiple choice question. Your boss has prepared some questions for you to consider. [D] They may choose to cancel orders when there are environmental abuses. On the line provided after the sentence, write the possessive form of the underlined words. C. Investor relations Insider trading refers to the discussion or leak of private, proprietary information about a firm that is not yet made public. It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. It does not subtract from the bottom line; it adds to it. 360-review. True false question. 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. Product safety government-supported direct mail campaigns Source interviews were conducted for a previous version of this article. \text{Service Revenue} & 80,000 & \text{Accounts Payable} & 4,300 \\ The last recession changed the way many companies offer support to people and communities in need. A(n) _________________ ___________________ethics code creates an environment which supports ethically sound behavior by stating an organization's guiding values, shared responsibilities, and accountability. general guiding values Explanation (nervous). D. Outsourcing practices Noone\underline{\text{No one}}Noone attitude has improved as much as his\underline{\text{his}}his has. Full-time co-workers 3. Multiple choice question. 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. Top management 4. 8 Mini-Case Study, Intro-Into-Business: Ch. A business should be managed ethically because, businesses with good reputations attract customers. Businesses should create and display their code of ethics publicly. Business ethics concerns ethical dilemmas or controversial issues faced by a company. 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 ______________- ________________ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. \text{Total production cost} & \text{\$ 9.20}\\ Italian Stallion stockholders got a very fair deal for the stock they owned in the company. Strict global regulations require it. Corporate social responsibility is based on a According to recent U.S. Census Bureau research volunteerism is at an all time high, but, 3 out of 4 citizens do not give any time to the communities in which they live. An integrity-based ethics code defines the organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability. analysts. Whistleblowers are insiders who report illegal or unethical behavior. C. writing their representatives in Congress. A. profits. A legal provision known as the _______________ provides a "bounty" provision for whistleblowers whose actions result in a legal conviction. Paying employees on specified pay dates most of the time. Chapter 4. Whistleblowers are often concerned about retaliation. Maximizing ethical conflict in work groups Multiple Choice A. social auditing, Which of the following are examples of outside stakeholders that must be told about a company's ethics program? School McMaster University; Course Title COMMERCE 1E03; Type. The second major meaning behind the term is . Customers increased financial donations to local areas but pulled away from national and global contributions. 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 . building parks When Paulsen describes Storm, he also gives clues about his own personality. it makes financial as well as moral sense to invest in companies that plan to create a better environment, Companies that try to act in a socially responsible way are likely to focus on such activities as Emphasizes strong penalties for wrongdoers [C] The U.S. government will use military force to enforce labor laws.. 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. C. Increased penalties for code violators. Multiple Choice E. Consumer safety information, Which of the following is NOT one of the "Business System Design and Development" responsibilities? Amber was observing an example of the ___________ followed at this organization. it prevents government audits, Which set of ethics codes emphasizes preventing unlawful behavior by increasing control and penalizing wrongdoers? 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. standards. Noones;C\underline{\text{\color{#c34632}No ones; C}}Noones;C. U.S. companies tend to overlook and forget human rights abuses abroad. [A] few losses to investors Here are five reasons why you should keep things legal and follow business ethics in accounting. ______________ ____________ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. \text{Direct labor} & \text{2.70}\\ Practice deception regarding product safety issues. (A) investors putting more money into both markets The findings reveal that quality service and an ethical business plan are essential to long-term business success. False. Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: C. Expanding opportunity by providing punishments for violations of the rules D. Overlooking violations of codes of ethics All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. D. integrity. D. to please customers, employees, and society. A code of ethics builds trust and credibility in an organization and creates a culture of open and honest communication. A leader designing an ethical culture should try to create contexts that keep ethical principles top of mind, reward ethics through formal and informal . Multiple select question. Example 1. Those who exemplify ethical behavior do the right thing regardless of whether they get credit for it. 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. it attracts and retains customers Explanation Multiple choice question. Suppliers D. Mayhem higher ethical standards than in the past. True 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. Demanding developing countries to adhere to U.S. law on human rights and the environment is not clear-cut. Demanding Ethical and Socially Res, Intro-Into-Business: Ch. These actions are Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? Ethical behavior has significant upfront costs which may never be recovered. 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. [B] share all information with managers when requested [D] requiring all bankers to sign ethical codes. Multiple select question. B. Multiple choice question. (B) going to save money by not hiring those who are disabled formal and informal. a written code of ethics Research into ethics and business performance has shown the two are linked in some important ways. Part-time co-workers. <br><br>Customer care professional with experience in building customer loyalty, analyzing customer behavior, creative customer relationship . \text{Supervision} & \text{1.50} & \text{\$ 60.000}\\ Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. Which of the following were not identified as being fundamental to the CSR definition? It also builds customer loyalty over time, creating a customer base that is likely to refer your business to others. A social audit is a systematic evaluation of a company's progress toward becoming a socially responsive organization. Top management must adopt and support a corporate code of conduct. B. 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 . C. An ethics office must be set up. A business should be managed ethically for many reasons to maintain a good. Explanation shareholders communism, Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: Corporate responsibility These define the company's guiding values, and most often it involves shared accountability. Multinational corporations are committed to operating within the legal limits of U.S. law. concern for the welfare of society holding international suppliers to different standards than American companies must adhere to in the United States. C. all levels of management. Conversely, when unethical behavior was commonplace, the quality of service had a much-diminished impact on the success of business operations. True false question. Then, of course, there are the more serious consequences of highly unethical behavior. an individual's ethics actual ethics. (A) it prevents government audits increasing control compliance-based ethics Business ethics benefits the bottom line. 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. When managers appear to disregard ethical concerns, the likely results would include: A. reduced employee turnover. requiring suppliers to be evaluated monthly concerning Trustworthiness. Explanation Explanation C. energy consumption How are these two rates measured? (C) make students who know how to plagiarize well acceptable to employers going to lose money by providing pay raises B. socially conscious research organizations. enjoy greater employee loyalty They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations. Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. Are Workplace Politics Destroying Your Business? Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back. Reevaluating its ethics codes based on the input of its customers. a clear set of rules and regulations Nike suffered criticism due to its __________ _____________ violations in their overseas manufacturing facilities. The mortgage bankers and real estate companies who helped create the financial crisis of 2008 were driven by, Financial and political leaders can restore trust in the free market system by: False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: For many years Futura Company has purchased the standard that it installs in its standard line of farm tractors. 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. The total rent on the plant is$80.000 per period. protect them from retaliation If the verb is already correct, write C above it. Its easier for a business to retain employees when they work for a company that they believe in. higher ethical standards than in the past. D. concern for the welfare of society. retain better employees 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. Need help writing your own self-assessment for a performance 26 Great Business Ideas for Entrepreneurs, The Best Small Business Government Grants in 2023. that they can improve their own financial health by investing in companies whose goods and services benefit the community It is a set of guidelines for dealing with various procedures ethically. 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. U.S. economist Milton Friedman believed that the only social responsibility of the corporation was to its stockholders. Which of the following are true regarding ethical behavior? 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: 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 questions. (C) gains for investors in 2008 and 2009 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. allows them to connect directly with customers Which of the following would be a unique focus of an integrity-based ethics code? 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. 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. social media 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. 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. Although definitions and means of measuring a carbon footprint aren't yet clear, many companies try to become more __________________by claiming to reduce it. 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 . They should display behavior that is honest and fair in their relationships with co-workers and their clients. increasing the diversity of their workforce A. code of ethics. In one such study, led by Kaifeng Jiang, a professor at the Ohio State University Fisher College of Business, researchers examined the intersection between the quality of service a business offers and its adherence to ethical mores by looking into conditions at nearly 200 movie theaters. \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ Corporate social initiative refers to a company taking the initiative to utilize its expertise and resources to make a situation better. The deliberative system leads to more-ethical behaviors. D. Philanthropy E. Altruistic, Which of the following is NOT one of the "Market Assessment and Strategy Development" responsibilities? corporate social initiative acquisition stalking. Businesses can show their CSR in many ways. social policy When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong. \text{ } & \text{Per Unit} & \text{Total}\\ Explanation When the lines of communication are open and employees are willing to have conversations with one another, misunderstandings can be avoided. A Understanding that individual moral standards, the influence of managers and coworkers, and Harassment and discrimination are arguably the most prominent contemporary ethical issues in business today. setting a good example. 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. D. Improved awareness of the relevant laws. Less than 202020 percent of the eligible voters has\underline{\text{has}}has an opinion about that subject. Though discrimination and harassment laws have been put in place and continue to be updated . Fraud Think about a business that hires only family or one that gives inappropriate incentives, for example. Which of the following is not one of the approaches associated with corporate social responsibility? Multiple choice 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. 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. Integrity-driven ethics codes A low cost, efficient way for companies to connect with specific groups and inform them of corporate social responsibility efforts is ____________________ __________________. How does the action I am proposing to take make me feel about myself? Ethical problems such as influence peddling and bribery: Those who have others interests in mind when they make decisions are displaying ethical behavior. Integrity-based ethics codes An important factor in enforcing an ethics code is: What occurs when an employee exposes an employer's wrongdoing to outsiders? 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. E. Employee benefit programs. CSR can lead to even more profits. B. limiting the opportunity to behave unethically by providing punishments for violations of the rules and 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? There are several ways to encourage an ethical workplace culture, including establishing a companywide code of ethics. 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. 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.
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