In the study, researchers determined that a higher quality of service positively impacted business operations when ethical adherence was also high. In a business setting, ethical behavior applies to any employee, team lead or supervisor. In the long run, CSR enhances profits. Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back. because strict global regulations require it Corporate values are: Although these actions were not part of the mandatory waitstaff training, Amber perceived that waitstaff members who were not helping out were not viewed as team players by the majority of employees. Morality codes stockholders 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. Compliance-based ethics codes fascism With regard to socially responsible behavior, American businesses are Nike suffered criticism due to its __________ _____________ violations in their overseas manufacturing facilities. The findings reveal that quality service and an ethical business plan are essential to long-term business success. B. because strict global regulations require it. Top management at Lancer Distributing is convinced that they have a social responsibility to their community. moral impropriety. the federal government 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: Resource procurement and consumption practices 1. On the flip side, a leader who personifies ethical behavior will be fair in all situations. Organizational ethics begins Multiple Choice at the top levels of management. Multiple Choice A failure of leadership to establish ethical standards, Which of the following terms describes someone who reports illegal or unethical behaviour? A. profits. Learn how to boost employee morale and create a better company Good leadership is central to the success of any business. Multiple choice question. vigilantes. [C] To increase employee turnover Conversely, when unethical behavior was commonplace, the quality of service had a much-diminished impact on the success of business operations. 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. G. R. Laczniak, M. W. Berkowitz, R. G. Brooker, and J. P. Hale (1995) provided evidence that business leaders feel unfairly . 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? 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. higher ethical standards than in the past. tax officials. social order ethics The chief engineer has recommended against this move, however, pointing out that the cost to produce the starters would be greater than the current 8.40perunitpurchaseprice:8.40 per unit purchase price:8.40perunitpurchaseprice: PerUnitTotalDirectmaterials$3.10Directlabor2.70Supervision1.50$60.000Depreciation1.00$40.000Variablemanufacturingoverhead0.60Rent0.30$12.000Totalproductioncost$9.20\begin{matrix} hiring only women and minorities leaving unethical behavior unpunished [D] They may choose to cancel orders when there are environmental abuses. True false question. Encouraged by the new Sarbanes-Oxley Act, individuals who report unethical or illegal behavior within an organization are A. delight them with a quality product at a fair price. D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. only to compete and make a profit using recyclable packaging reaches broad and diverse groups B. philanthropy. information technology Trust and cooperation between workers and managers must be based on which of the following? Ethical standards are different from country to country. In running a successful business, a key factor in that success will be the ethical and moral standards of yourself, your leaders, and your entire team. How Does 401(k) Matching Work for Employers? 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. integrity-based ethics C. Accounting fraud Although this was a noble act, Jake knew that the hero was frequently negligent about wearing his own headgear. 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. A. code of ethics. (C) 4 out 5 citizens volunteer an hour each week _______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. whistleblowers. Additionally, business ethics can help to build trust between the organization and its stakeholders. Strategic partnering Integrity-based ethics codes retain better employees B. 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 Choice My 4 fundamental professional beliefs:<br> I believe change management must be inclusive if you want it to work. school districts The You Design, We Build Company makes custom furniture of all kinds. It may just be the cornerstone of your success. A business starts with the correct usage and allocation of finances and cost management. Those who exemplify ethical behavior do the right thing regardless of whether they get credit for it. Defining the concept of ethics more narrowly, and making the definition closer to the definition of legality. In "Two Kinds," how does the narrator feel after the talent show? Business ethics helps to optimize company resources. standards. The companys vision, values and mission should be clearly stated and visible to both employees and clients so that the company can be held to those standards. Multiple choice question. As a philosophy, ethics are the principles that guide a person's behaviour. List the most influential on top. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. It is the right thing to do. corporate social initiative E. Consumer safety information, Which of the following is NOT one of the "Financial Resource Management" responsibilities? 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. A. guilt payments. global policy Multiple select question. Ethical issues are limited to for-profit organizations. 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 . (D) long jail terms for those who acted unethically. An important reason for a company to maintain its ethical reputation is reducing most costs Amber was observing an example of the ___________ followed at this organization. This is due to the fact that our ethics are shaped by our moral code. 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 actual ethics. B. What occurs when an employee exposes an employer's wrongdoing to outsiders? is a branch of philosophy that seeks to address questions about moralitythat is, about concepts such as good and bad, right . \end{array} socially conscious research organizations. Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? increased financial donations to local areas but pulled away from national and global contributions. Need help writing your own self-assessment for a performance 26 Great Business Ideas for Entrepreneurs, The Best Small Business Government Grants in 2023. Explanation [C] allows them to reach specific groups more directly 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) attract and retain better employees When management considers ethics in its actions toward stakeholders, employees can be positively affected. Which of the following should help reduce the incidence of unethical behavior in an organization? C. Operational initiatives Reevaluating its ethics codes based on the input of its customers. A. Overstating an expense report. D. help investors recoup their losses. Business ethics concerns ethical dilemmas or controversial issues faced by a company. Implementing ethical standards within an organization starts with: An employee who reported her boss to the SEC for insider trading would be considered a(n) _____________ protected by law. Italian Stallion stockholders got a very fair deal for the stock they owned in the company. How to Fix a Toxic Workplace, The Best Employee Monitoring Software for 2023. Multiple choice question. 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. Safe working conditions [C] conducting objective investigations Research into ethics and business performance has shown the two are linked in some important ways. 'Business' can also mean an entity that offers goods and services for exchange, i.e., that sells things. The deliberative system leads to more-ethical behaviors. Explanation D. stockholders. Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma? 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
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