Jake knew that several other employees followed strict company policy every day and always wore their headgear; yet, they were not being acknowledged for their compliance. Managers Set the Tone The effects of managerial decision making go beyond any single, isolated decision. True Top leaders from other countries have been charged with bribery, The emergence of the green movement has affected businesses by Companies Team and business confidence. ethical officers Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility Community members are bound by the pursuit of common values and goals. Reevaluating its ethics codes based on the input of its customers. 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 . integrity-based Which of the following are true regarding ethical behavior? Many companies believe they have a role in promoting ______________ ___________________ , so they donate to local food banks, promote literacy, and provide computer lessons for inner city children. Who sets the standards of right and wrong as defined by ethics? 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. social justice. customers B. varies even among those who are interested in corporate responsibility. 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: Think about a business that hires only family or one that gives inappropriate incentives, for example. Due to a reduction in output, the company has idle capacity that could be used to produce the starters. Society An organization's managers instill corporate values and _____________________ in employees by the examples they set. The first day on the job waiting tables at a popular restaurant, Amber noticed that when one member of the waitstaff was serving a very large party, the other waiters would help carry food to the tables and even check to make sure water glasses were filled. Other countries also follow capitalist principles. Corporate policy refers to the position a firm takes on ______________ and __________________ issues. E. Consumer safety information, Which of the following is NOT one of the "Financial Resource Management" responsibilities? A. 2. What kind of person do you think Paulsen is? The _____________ _________________is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. Supervisor [B] passing laws to make accounting records more transparent C. Accounting fraud Though there are many ethical opinions that most people share, ethics will differ from person to person. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. Although this can be a lot of work, it can also positively impact the bottom line, protect a companys brand and result in higher customer satisfaction. Deceptive advertising of medicines and toys With regard to socially responsible behavior, American businesses are Multiple Choice Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? [C] only to compete and make a profit An important reason for a company to maintain its ethical reputation is Companies that participate in CSR typically have more loyal employees and customers. vigilantes. Discrimination and Harassment. \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ What Does Ethical Decision Making Mean? Economist Milton Friedman believed that a business's only social responsibility was to make ____________ for its owners and that anything else was socialism. True C. business exists only to make money for shareholders. Which of the following are reasons a business should be managed ethically? The main principles of business ethics are based in academia and on academic writings on proper business operations. many Americans decide what's ethical based upon the situation in which they find themselves. A(n) _________________ ___________________ethics code creates an environment which supports ethically sound behavior by stating an organization's guiding values, shared responsibilities, and accountability. '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. How to Fix a Toxic Workplace, The Best Employee Monitoring Software for 2023. About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through _________________work. Full-time co-workers Multiple choice question. B. (A) likely to perform better financially D. buying the company's products. Integrity-driven ethics codes Explanation Defining the concept of ethics more narrowly, and making the definition closer to the definition of legality. Corporate social responsibility describes the firm's: A. responsibility to their stockholders. Decorating Arrangements has just completed operations for the year ended December 31, 2016. Although this was a noble act, Jake knew that the hero was frequently negligent about wearing his own headgear. Microeconomics analyzes what's viewed as basic elements in the economy, including individual agents and markets, their interactions, and . If the verb is already correct, write C above it. (D) occur in only a few countries. \text{Variable manufacturing overhead} & \text{0.60}\\ B. an individual's behavior is influenced by the behavior of others. (A) businesses who are socially responsible will earn more tax officials. Multiple select question. Multiple Choice fairness, honesty, openness, _____________________________are insiders who report illegal or unethical behavior. A. 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) ? Then, of course, there are the more serious consequences of highly unethical behavior. Business ethics inform a company's values and goals, as well as how it runs its day-to-day operations. ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. allow for complete anonymity The ethical lapses of global companies, such as Enron, Arthur Andersen, and WorldCom, over the span of a few years caused much devastation. benevolence can lead to a vote of no confidence by company stakeholders. Determining what is involved for a firm to be socially responsible: A. is easy. Compliance-based ethics codes focus on: 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. A. Whistleblower 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. Notes. 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. B. disgruntled workers manipulating budgets and expenses. A. expanding the opportunity to behave ethically by providing rewards for following the rules. ignoring both ethical and unethical behavior Companies who are percieved as being socially responsible will ultimately earn more profits for their investors. 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. TRUE There are many reasons why a business should be managed ethically : ( 1 ) to maintain a good reputation , ( 2 ) to keep existing customers , ( 3 ) to attract new customers , ( 4 ) to avoid lawsuits , ( 5 ) to reduce turnover , ( 6 ) to avoid government intervention , ( 7 ) to please customers , employees , and society , and ( 8 ) because it is the right thing to do . However, the company has sufficient idle tools and machinery that no new equipment would have to be purchased. compliance-based ethics the collection of laws to protect society from fraud, theft, and violence. 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. E. all of the answers are correct. 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. This is the third year of operations for the company. U.S. law does not require U.S. firms to comply because of competitive advantage concerns. (D) going to lose money by providing pay raises, A business should be managed ethically because Ethical behavior does not matter to investors. Explanation Its easier for a business to retain employees when they work for a company that they believe in. 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. Multiple select question. (D) affect hiring practices very little. Which of the following represent examples of how corporations set positive standards of ethical behavior? corporate responsibility D. companies who are perceived as being socially responsible will ultimately earn more profits for their Top management is essentially conducting a(n) It may just be the cornerstone of your success. that only society's health is improved when they invest in companies whose goods and services benefit the community It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. The findings reveal that quality service and an ethical business plan are essential to long-term business success. C. helps government officials develop appropriate legislation. protect them from retaliation secondary market companies. Ethical standards are different from country to country. Is it acceptable if everyone else is doing it? Employees want to work for companies that treat everyone and their clients fairly and have good and ethical business practices. corporate policy A. code of ethics. A business should be managed ethically for many. J. M. D'Aquila, D. F. Bean, and E. G. Procario- Foley (2004) reported that 97% of business leaders perceive American businesses as ethical, versus 24.5% of students. Hence, a business should have a trustworthy source of finance and maintain healthy relations with financial sources like Banks, Financial Institutions, Stakeholders, etc. Chenda Bunkasem is head of machine learning at Undock, where she is focusing on using quantitative methods to influence ethical design. likely to perform worse financially, Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back." [D] allows them to connect directly with customers. A business starts with the correct usage and allocation of finances and cost management. is costly, but worthwhile in reaching specific customers going to save money by not hiring those who are disabled A. firms should take added caution not to support government programs that protect the environment. Strategic partnering Increasing public concern for the environment created by the ________________ movement has more businesses looking for environmentally friendly ways to do business. In the study, researchers determined that a higher quality of service positively impacted business operations when ethical adherence was also high. Supervisor 4. B. personal responsibility C. compliance socialism ______ of the ethics code in a timely manner is the most forceful way to communicate its importance. Ethical behavior has significant upfront costs which may never be recovered. [A] Influence peddling it makes financial as well as moral sense to invest in companies that plan to create a better environment, that they can improve their own financial health by investing in companies whose goods and services benefit the community the fastest way to demoralize your stakeholders is to spend too much money supporting social issues, such as having employees assist in community efforts. An important reason for a company to maintain its ethical reputation is D. Integrity watchdog. leaving unethical behavior unpunished How can. False. C. Investor relations Noones;C\underline{\text{\color{#c34632}No ones; C}}Noones;C. 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. expressing dissatisfaction by protesting. cultural and accountable Governments Internal Audit Company Protection Act D. Outsiders must be told about the ethics program. moral impropriety. Italian Stallion stockholders got a very fair deal for the stock they owned in the company. based on a commitment to integrity and respect To allow whistleblowers to come forward with information organizations should 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. insider trading. And could be pivotal for career growth. Multiple choice question. Uploaded By Coleton99; Pages 108 Ratings 100% (5) 5 out of 5 people found this document helpful; [C] To increase employee turnover Shared accountability among employees. 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. Corporate social initiative refers to a company taking the initiative to utilize its expertise and resources to make a situation better. 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. The firm has evolved into a big business due to quality and innovative work. 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.
Covid Test Reimbursement Aetna,
Martin County, Nc Warrant Search,
Articles A
