Italian Stallion stockholders got a very fair deal for the stock they owned in the company. A. Overstating an expense report. B. This includes managers and subordinates, peers and clients. A. Diversity and discrimination B. Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. [B] To maintain a good reputation How to Fix a Toxic Workplace, The Best Employee Monitoring Software for 2023. Multiple choice question. A. responsibility 22. 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. (C) to increase employee turnover Managing data ethics | Deloitte Insights because strict global regulations require it Corporate values are: Corporate social responsibility (CSR) is the concern businesses have for the welfare and betterment of society. 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 . Which of the following is a reason why a business should be managed ethically? A person who demonstrates ethical behavior demonstrates a strong moral code and a consistent set of values. corporate social initiative In a business setting, ethical behavior applies to any employee, team lead or supervisor. 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. 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. C. writing their representatives in Congress. Employees and management alike can work together to create businesses that have high standards. information technology Codes of ethics foster ethical behavior by Multiple Choice (B) going to save money by not hiring those who are disabled Putting Ethical Design into Practice. 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. Which of the following statements is false? They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations. (C) benevolence is the highest virtue <br><br>Customer care professional with experience in building customer loyalty, analyzing customer behavior, creative customer relationship . Multiple Choice The _____________ _________________is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. 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. I'm a Product Manager with experience working cross-functionally with business roles (e.g. 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. Emphasizes strong penalties for wrongdoers Multiple select question. Marketing, Finance, Sales), technical roles (e.g. The side effects are so great that the society urges that the business should always be ethically and socially responsible. A number of ethical scandals in the past decade have raised awareness of ethical issues in business. A process-oriented approach toward data ethics is well suited for data enthusiasts with limited resources in the fast-changing world of new technologies. By being ethical, leaders can foster an environment that rewards and encourages good attitudes. for the welfare of society as a whole, True or false: Corporate Social Responsibility (CSR) and corporate profits can at times go hand in hand. Although definitions and means of measuring a carbon footprint aren't yet clear, many companies try to become more __________________by claiming to reduce it. asking suppliers to lower their standards to be in compliance with _____________________ _____________________ _____________________is a business's concern for the welfare of society. 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? C. It is the law in the U.S. D. Employees. Multiple select question. Complete each sentence with the comparative or superlative form of the modifier in parentheses. retaliation investors. True Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. Though discrimination and harassment laws have been put in place and continue to be updated . compliance police. Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? likely to perform worse financially, Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back." 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. B. because strict global regulations require it. __________ ___________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. This is somebodyelse\underline{\text{somebody else}}somebodyelse notebook. Multiple Choice The primary value of using social media to communicate CSR efforts is that it allows companies to reach broad and diverse groups, allows them to connect directly with customers in a low-cost, efficient way, and enables them to interact with specific groups more easily than through more traditional efforts. demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. standards. '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. going to save money by not hiring those who are disabled But when they do, employees need to take accountability for their actions. A business should be managed ethically for many. Ethical issues are limited to for-profit organizations. The Importance of Business Ethics | Maryville Online Economics (/ k n m k s, i k -/) is the social science that studies the production, distribution, and consumption of goods and services.. Economics focuses on the behaviour and interactions of economic agents and how economies work. An organization's managers instill corporate values and _____________________ in employees by the examples they set. 051-Methods for Designing Ethical, Human-Centered AI with Undock Head Community members are bound by the pursuit of common values and goals. D. the nation's business schools that tolerate unethical behaviour in students. The business term we use to describe this philanthropic action is ___________________, where a company donates what it does best to help make a situation better. actual ethics. How can. Compliance-based ethics codes Unfair competitive practices in the computer industry Explanation compliance-based ethics Multiple choice question. create an open-door policy, protect them from retaliation unethical From retaining employees to ensuring brand loyalty to avoiding lawsuits and fines, a strong code of ethics is key to continued success. Multiple Choice ______________ ____________ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. insider trading. B. What are the causes of pay discrimination in the labor market? Uploaded By Coleton99; Pages 108 Ratings 100% (5) 5 out of 5 people found this document helpful; Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. Sherman Act These define the company's guiding values, and most often it involves shared accountability. 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. Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. In other situations, traditions and customs make gifts and other bribery-type activities the long-standing practice in some nations. [D] favor management in their investigations, A communication tool many companies use to inform diverse groups of their social responsibility efforts at little cost is. U.S. law does not require U.S. firms to comply because of competitive advantage concerns. Integrity-based ethics codes 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? Marilena Crsteanu - International Customer Experience Advisor B. opportunity. 1 Mini-Case Study, (Learning Curve 11 a) Body Development; Cogni, (LearningCurve 11b) Becoming Your Own Person-, chapter 3 psy 200 (LearningCurve 3b) Survivin, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. SE Oklahoma's MBA Programs Teaches Ethics Reevaluating its ethics codes based on the input of its customers. Business ethics isnt always exalted in every workplace, but its critically important when it comes to providing customers with quality service, adhering to regulatory compliance standards, and avoiding steep fines and lawsuits. CSR can lead to even more profits. America's CEOs Seek a New Purpose for the Corporation [D] businesses with good reputations attract customers. Distributors. integrity-based Defining the concept of ethics more narrowly, and making the definition closer to the definition of legality. An important reason for a company to maintain its ethical reputation is (D) going to lose money by providing pay raises, A business should be managed ethically because Resource procurement and consumption practices B. Whistleblowing C. Plagiarism D. concern for the welfare of society. draw more customers, retain better employees D. Pricing practices Ethical behavior positively impacts a businesss financial performance. (D) businesses cannot succeed in societies that fail. ethical officers [B] it increases the likelihood of government intervention This is an example of corporate: A. Article. social impact program. ethical standards in the U.S., but unfortunately foreign leaders are not being subjected to ethical scrutiny. (B) 3 out of 4 citizens think they should be paid for their volunteer work And could be pivotal for career growth. The authors start from the assumption that most people wish to behave ethically. a written code of ethics C. business exists only to make money for shareholders. Maria Juarez is a professional tennis player, and your firm manages her money. What Are Business Ethics? Definition, Types and Examples Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. How are these two rates measured? increasing control 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 A high ethical standard extends to customers as well. Proponents of corporate social responsibility strongly believe in benevolence; however, they still want their businesses to be profitable. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and . penalizing wrong-doers, increasing control When Paulsen describes Storm, he also gives clues about his own personality. whistleblowers The main principles of business ethics are based in academia and on academic writings on proper business operations. Supervisor When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong. Rohit Sharma - Lead Technical Product Manager - LinkedIn (C) gains for investors in 2008 and 2009 plan to maximize profits for shareholders to spend in communities 2. 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. If the verb is already correct, write C above it. E. All of the answers are correct. Corporate responsibility Companies [B] They may choose to cancel orders when there are human rights abuses. [D] severe financial crises. E. Employee benefit programs. opportunity influence ethical behavior Personal projects Whistleblowers are insiders who report illegal or unethical behavior. A. expanding the opportunity to behave ethically by providing rewards for following the rules. Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of __________________and not only of their owners. Explanation 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. It is the right thing to do. 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. China is a communist country. 360 degrees marketeer, business strategy addict, passionate about creative projects and most importantly project teams. ______ of the ethics code in a timely manner is the most forceful way to communicate its importance. 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 . C. the increase in lawsuits used to avoid personal responsibility. Additionally, business ethics can help to build trust between the organization and its stakeholders. allows them to connect directly with customers It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. A company that has socially responsible human resources management is D. companies who are perceived as being socially responsible will ultimately earn more profits for their In the study, researchers determined that a higher quality of service positively impacted business operations when ethical adherence was also high. There are several ways to encourage an ethical workplace culture, including establishing a companywide code of ethics. Therefore, it is the most significant resource to run or upgrade any business. Chapter 4. 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. A. the breakdown of traditional religious institutions. acquisition stalking. fascism With respect to business ethics, it can be said that "it takes two to tango." pro-current procurement. vigilantes. True or false: Individuals have social responsibilities regarding their ethical behavior in the business world. What kind of person do you think Paulsen is? general guiding values A. 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. An important factor in enforcing an ethics code is: The second major meaning behind the term is . analysts. If an underlined word is already in the correct possessive form, write a C on the line. Multiple Choice A. reduced employee turnover. social policy formal and informal. Multiple Choice [B] reaches broad and diverse groups Synonym Discussion of Ethical. shareholders C. teamwork eliminates a need for personal ethics. D. fail to earn sufficient profits for their owners. Socially conscious investors insist that a company extend its own high standards to its ____________________. Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of _______________ and not only of their owners. Multiple choice question. 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. 43% of consumers have stopped buying from brands they find unethical and 71% say they carefully consider corporate values when making a purchase. 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. Defines an organization's guiding principles. 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. Ethics can be rooted in belief or the pursuit of making the world better. Another reason why business ethics is important is that it can improve profitability. They should display behavior that is honest and fair in their relationships with co-workers and their clients. Ethical Definition & Meaning - Merriam-Webster B. focus on cost and quality control systems within your organization. InsuranceExpenseServiceRevenueUtilitiesExpenseRentExpenseCommonStockCashRetainedEarnings,Jan.1,2016$2,00080,00050011,0008,5007,0004,800SalariesExpenseAccountsPayableOfficeSuppliesDividendsAccountsReceivableEquipment$37,0004,3001,5004,5007,50026,600. Explanation socially conscious research organizations. All successful businesses communicate effectively. \end{matrix} Explanation (C) make students who know how to plagiarize well acceptable to employers ignoring both ethical and unethical behavior A business's responsibilities to its owners and investors include \text{Direct labor} & \text{2.70}\\ Ethical behavior does not matter to investors. Shared accountability among employees. In fact they contribute to it: 1. List the most influential on top. Reading: Global Business Ethics | International Business - Lumen Learning
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