Although definitions and means of measuring a carbon footprint aren't yet clear, many companies try to become more __________________by claiming to reduce it. C. Research practices (C) gains for investors in 2008 and 2009 Multiple select question. Unethical behavior has consequences for future business, including heavy fines, expensive lawsuits and reputational damage. Multiple Choice 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. Reevaluating its ethics codes based on the input of its customers. \text{Variable manufacturing overhead} & \text{0.60}\\ Which of the following is NOT one of the "Attracting, Retaining and Managing Talent" responsibilities? C. the increase in lawsuits used to avoid personal responsibility. Part-time co-worker 3. Government and business leaders are being held to D. integrity. An organization's managers instill corporate values and _____________________ in employees by the examples they set. 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. You're dealing with sensitive information As a business owner, you deal with sensitive information on the daily. Multiple Choice the federal government 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. Multiple choice question. The common good is a notion that originated more than 2,000 years ago in the writings of Plato, Aristotle, and Cicero. an individual's ethics Multiple Choice social impact program. Studies have shown that what most influences a company's effectiveness and financial performance is: responsible management of human resources, Which of the following behaviors are illegal in the United States, but potentially put our companies at a disadvantage in overseas markets? a clear set of rules and regulations 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. Insider trading refers to the discussion or leak of private, proprietary information about a firm that is not yet made public. A process-oriented approach toward data ethics is well suited for data enthusiasts with limited resources in the fast-changing world of new technologies. Due to a reduction in output, the company has idle capacity that could be used to produce the starters. Multiple Choice This guide breaks down the importance of business ethics and how to establish an ethical culture in your company. cultural and accountable D. Pricing practices Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility Prepare computations showing how much profits will increase or decrease as a result of making the starters. lose sales revenues Supervisor 2. technical policy Need help writing your own self-assessment for a performance 26 Great Business Ideas for Entrepreneurs, The Best Small Business Government Grants in 2023. 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. How are these two rates measured? Multiple Choice U.S. companies tend to overlook and forget human rights abuses abroad. 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. Multiple select questions. In turn, employees will trust that their leadership team is working toward the greater good of the entire company. It may just be the cornerstone of your success. The side effects are so great that the society urges that the business should always be ethically and socially responsible. D. short run profit maximization. B. varies even among those who are interested in corporate responsibility. Though there are many ethical opinions that most people share, ethics will differ from person to person. C. Watch tower sentinel Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. [C] it reduces the likelihood of lawsuits by employees or customers B. (C) occur in many countries Which step is the most critical to help improve business ethics? The employment of ethical business practices can enhance overall corporate health in three important areas. These examples of ethical behaviors ensures maximum productivity output at work. Stresses shared accountability It is a set of guidelines for dealing with various procedures ethically. Business ethics inform a company's values and goals, as well as how it runs its day-to-day operations. Multiple select question. [A] few losses to investors If youre concerned your company culture isnt rooted in ethical behavior, consider taking corrective action to reduce and prevent further unethical activities by employees. human resource support staff This is somebodyelse\underline{\text{somebody else}}somebodyelse notebook. Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. enjoy greater employee loyalty ignoring both ethical and unethical behavior List the most influential on top. 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. Many organizations create a code of ethics, which might include generic guidelines for ethical behavior about doing the right thing or remaining fair. [A] is costly, but worthwhile in reaching specific customers Top management 1. 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. Multiple Choice likely to perform better financially A social audit is a systematic evaluation of a company's progress toward becoming a socially responsive organization. These steps included creating a climate based on service quality and ethical behavior that guides employees without direct supervision, taking corrective actions before unethical behaviors occur by periodically measuring employees perceptions of the companys ethical climate, and emphasizing the importance of service quality and ethical behaviors as they relate to competition in the marketplace. 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. Reevaluating its ethics codes based on the input of its customers. 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. I'm a Product Manager with experience working cross-functionally with business roles (e.g. B. Whistleblowing C. Plagiarism Here are five reasons why you should keep things legal and follow business ethics in accounting. D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. An important factor in enforcing ethics codes is selecting a(n) _________________ __________________. This is especially so when the market is very competitive, because then the customers have a lot of options and could switch to another product or service provider.. managerial policy, Studies have shown that what most influences a company's effectiveness and financial performance is: 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. Besides environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is Depreciation is due to obsolescence rather then wear and tear. Explanation Periodically asking every employee to evaluate the company's ethics performance. \text{Supervision} & \text{1.50} & \text{\$ 60.000}\\ 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: increased their financial donations because they understood how badly society needed a helping hand. Governments Which of the following are examples of outside stakeholders that must be told about a company's ethics program? True C. It is the law in the U.S. D. Employees. communism, Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: Business ethics concerns ethical dilemmas or controversial issues faced by a company. True false question. Discrimination and Harassment. Dodd-Frank Wall Street Reform and Consumer Protection Act ethical standards that are often unreasonable and cannot be met by most leaders. All else held equal, socially responsible firms: A. are viewed more favourably by consumers. A. Whistleblower E. A criminal lawsuit. penalizing wrong-doers. 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. Ethical behavior positively impacts a businesss financial performance. C. Expanding opportunity by providing punishments for violations of the rules D. Overlooking violations of codes of 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} whistleblowers. government-supported direct mail campaigns whistleblowers (A) have fewer loyal customers but attract more of them enjoy greater employee loyalty D. Outsiders must be told about the ethics program. integrity-based Corporate responsibility allow for complete anonymity C. practice deception regarding product safety issues. internal search and occupy organizations. global policy 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. The researchers also determined that businesses could take certain steps to rectify ethical lapses that impacted performance. 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 The World Trade Organization (WTO) allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: asking suppliers to lower their standards to be in compliance with 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. False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: punishing unethical behavior and rewarding ethical behavior privately Its easier for a business to retain employees when they work for a company that they believe in. B. The concern businesses have for the welfare of society, not just for their owners is: D. companies who are perceived as being socially responsible will ultimately earn more profits for their The ethics code must be enforced. 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. (A) investors putting more money into both markets Multiple choice question. C. Increased penalties for code violators. Multiple choice question. U.S. economist Milton Friedman believed that the only social responsibility of the corporation was to its stockholders. a written code of ethics A reputation for positive ethical behavior entices more potential clients, customers and partners to work with you. 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. 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 . 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 draw more customers, retain better employees the fastest way to demoralize your stakeholders is to spend too much money supporting social issues, such as having employees assist in community efforts. 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. In "Two Kinds," how does the narrator feel after the talent show? All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. D. Outsourcing practices Multiple Choice (B) are limited to the United States But when they do, employees need to take accountability for their actions. A. you need to justify socially responsible behaviour from an investors standpoint only. 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. In the study, researchers determined that a higher quality of service positively impacted business operations when ethical adherence was also high. Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. B. maintaining proper accounting procedures. '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. customers B Multiple choice question. A set of formalized rules and standards that describe what a company expects of its employees is called a(n) In the workplace, there might be a standard for ethics set throughout the company. \text{Common Stock} & 8,500 & \text{Accounts Receivable} & 7,500 \\ Paying employees on specified pay dates most of the time. A high ethical standard extends to customers as well. If a business fails in meeting its responsibilities to its employees, all of the following are likely to occur except: 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. "It's an ongoing phenomenon that must be better understood and managed and . opportunity influence ethical behavior In a business setting, ethical behavior applies to any employee, team lead or supervisor. . [B] allowing management to decide the outcomes of investigations Customer privacy policies and practices What occurs when an employee exposes an employer's wrongdoing to outsiders? social justice. Which of the following are reasons a business should be managed ethically? When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong. 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. analysts. aggregate independent appraisal. Multiple choice question. [D] They may choose to cancel orders when there are environmental abuses. InsuranceExpenseServiceRevenueUtilitiesExpenseRentExpenseCommonStockCashRetainedEarnings,Jan.1,2016$2,00080,00050011,0008,5007,0004,800SalariesExpenseAccountsPayableOfficeSuppliesDividendsAccountsReceivableEquipment$37,0004,3001,5004,5007,50026,600. Multiple Choice In the following sentence, circle the subject of the underlined verb. HR professionals sometimes face ethical or moral dilemmas. What does the research into business ethics say? Use the context of the sentences and what you know about the Latin root -cred- to explain your answer to each question. A. reduced employee turnover. going to save money by not hiring those who are disabled Which of the following describes charitable donations by corporations to nonprofit organizations? retaliation This indicates that: A. dancing around issues should be part of a firm's code of ethics. 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. C. Research practices Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. B. disgruntled workers manipulating budgets and expenses. Corporate philanthropy The rent charge above is based on space utilized in the plant. Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. This is due to the fact that our ethics are shaped by our moral code. Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back. Unfair competitive practices in the computer industry allows them to reach specific groups more directly. Giving back to society The authors start from the assumption that most people wish to behave ethically. C. structure and strategy. ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. A business should be managed ethically because Multiple select question. What Does Ethical Decision Making Mean? 2. D. expanding the opportunity to behave ethically by providing punishments for following the rules. (B) it attracts and retains customers Multiple Choice An ethically managed business helps to reduce employee turnover. (B) lack of trust in the free market system A systematic evaluation of a company's progress toward implementing socially responsible programs is known as a(n)___________________ __________________ . There are several ways to encourage an ethical workplace culture, including establishing a companywide code of ethics. Compliance-based ethics codes 'Business' can mean an activity of exchange. standards. Multiple choice question. clarifying what green means promotions, The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: B. an individual's behaviour is influenced by the behaviour of others. social order ethics Top leaders from other countries have been charged with bribery. socially conscious research organizations. C. teamwork eliminates a need for personal ethics. The last recession changed the way many companies offer support to people and communities in need. A. Overstating an expense report. A. protect them from retaliation She was even _____ after her solo than before. [D] severe financial crises. retain better employees According to Norman Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision? E. filing complaints with the company. The purpose of a code of ethics is to guide employees in handling ethical dilemmas. tax officials. Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? A. (A) 3 out of 4 citizens do not give any time to the communities in which they live [D] requiring all bankers to sign ethical codes. 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 developing countries to adhere to U.S. law on human rights and the environment is not clear-cut. is costly, but worthwhile in reaching specific customers It does not subtract from the bottom line; it adds to it. (D) it reduces laws and regulations, Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: 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. Companies <br> I believe AI should be built responsibly and produce ethical outcomes. When Paulsen describes Storm, he also gives clues about his own personality. (B) make employers reluctant to hire those who have cheated Businesses must abide by some basic principles. A. [D] To avoid lawsuits, Effective ethics officers: For many years Futura Company has purchased the standard that it installs in its standard line of farm tractors. Top management 4. 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. \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ Which of these actions is LEAST likely to restore the trust of the American public in the free-market system? Integrity-based ethics is informal company behavior that evolves from individuals' desire to make things better for all. compliance-based ethics [A] outsourcing enforcement of the laws to private firms Companies that participate in CSR typically have more loyal employees and customers. B. Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. responsible management of human resources, responsible management of human resources. This is called a bounty provision because as stated, they may receive a monetary award for their actions. 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. A Understanding that individual moral standards, the influence of managers and coworkers, and (A) matter very little to employers increasing control 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. Which of the following would be a unique focus of an integrity-based ethics code? True or false: Corporate Social Responsibility (CSR) and corporate profits can at times go hand in hand. Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? lower ethical standards than in the past. (D) long jail terms for those who acted unethically. Multiple choice question. (C) attract and retain better employees Strict global regulations require it. Corporate social initiative refers to a company taking the initiative to utilize its expertise and resources to make a situation better. social audit. Rank the following jobs according to their importance in influencing the implementation of ethical standards. Which of the following represent examples of how corporations set positive standards of ethical behavior? Unethical businesses also lose favor with consumers. Certain studies have revealed some of the reasons why the companies on Ethispheres ethics index may have outperformed other less-ethically-focused businesses. 1. A. ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. The unethical and illegal activity in which investors use private company information to further their own fortunes or those of their family and friends is called: The most effective ethics officers are equally comfortable as ________ and investigators. E. Consumer safety information, Which of the following is NOT one of the "Business System Design and Development" responsibilities? 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 Top management is essentially conducting a(n) scdot driveway requirements, ekin sue love island before surgery, itcs 2022 accepted papers,

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