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. A number of ethical scandals in the past decade have raised awareness of ethical issues in business. Managers Set the Tone The effects of managerial decision making go beyond any single, isolated decision. Ethical business norms must be adhered to not only by company managers but by all employees of companies without exception. Top management 1. From retaining employees to ensuring brand loyalty to avoiding lawsuits and fines, a strong code of ethics is key to continued success. [C] it reduces the likelihood of lawsuits by employees or customers E. law. Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. [B] reaches broad and diverse groups (C) 4 out 5 citizens volunteer an hour each week Examples of ethical behaviors in the workplace includes; obeying the company's rules, effective communication, taking responsibility, accountability, professionalism, trust and mutual respect for your colleagues at work. An organization's managers instill corporate values and _____________ in employees by the examples they set. Motivation. Multiple choice question. promotions, The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: (A) it prevents government audits A few months ago, Paulie's Pizza House, a large nationwide chain of restaurants, purchased one of its competitors, Italian Stallion Pizza Stations, for $800 million. True or false: Social responsibility and ethical problems exist primarily in the U.S. because we have more laws about those problems. a written code of ethics [C] To increase employee turnover A. profits. ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. Explanation secondary market companies. Multiple select question. 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. We covered: How data teams can actually design ethical ML models, after . According to recent U.S. Census Bureau research volunteerism is at an all-time high, but create an open-door policy, protect them from retaliation corporate social responsibility, Corporate social responsibility is when businesses are concerned unethical demanding that international suppliers adhere to higher, more costly standards than their American counterparts. The ethical lapses of global companies, such as Enron, Arthur Andersen, and WorldCom, over the span of a few years caused much devastation. is costly, but worthwhile in reaching specific customers The monetary award may total as high as 30% of the amount collected for violations that exceed $1 million. cultural and accountable Whistleblowers are often concerned about retaliation. [C] conducting objective investigations because strict global regulations require it, learned by observing the actions of others in the organization. (B) are limited to the United States All else held equal, socially responsible firms: A. are viewed more favourably by consumers. draw more customers, Many investors believe shareholders socially conscious research organizations. Which of the following would least likely involve ethical concerns? A. expanding the opportunity to behave ethically by providing rewards for following the rules. Having constant conversations and reminders makes it less likely an employee will break a rule or have a low-quality output. C. teamwork eliminates a need for personal ethics. ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. Those who argue in favour of corporate social responsibility suggest that: he 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. With respect to business ethics, it can be said that "it takes two to tango." Explanation 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. increased their financial donations because they understood how badly society needed a helping hand. Business Ethics is important because it helps organizations create a code of conduct that they can rely on to make decisions. called stakeholder interest Personal projects They should display behavior that is honest and fair in their relationships with co-workers and their clients. Should an instance occur, the result could be devastating to your company's finances and reputation. Managing Business Ethics takes the view that ethical and unethical conduct are primarily the product of how systems align within an organization to promote certain kinds of behavior. E. Employee benefit programs. A company's effectiveness and financial performance are most affected by responsible _________ _________ management. Other countries also follow capitalist principles. Multiple select question. 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? D. employee retaliation by doing the minimum needed to get by. ______________- ________________ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. social audit. (C) gains for investors in 2008 and 2009 How does the action I am proposing to take make me feel about myself? capitalism It is an act that is against the law and against Securities and Exchange Commission policy. Explanation 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. (D) businesses cannot succeed in societies that fail. enjoy greater employee loyalty not concerned with the ethical or socially responsible behavior of their international suppliers. It also builds customer loyalty over time, creating a customer base that is likely to refer your business to others. D. Integrity watchdog. But when they do, employees need to take accountability for their actions. Which of the following were not identified as being fundamental to the CSR definition? There is significant pressure on U.S. companies to separate themselves from suppliers who violate human rights and environmentally progressive guidelines. Businesses should create and display their code of ethics publicly. This sort of behavior is not limited to the workplace; it can be present in every facet of life. corporate social initiative 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 . \text{Common Stock} & 8,500 & \text{Accounts Receivable} & 7,500 \\ By being ethical, leaders can foster an environment that rewards and encourages good attitudes. draw more customers, retain better employees whistleblowers Which of the following is NOT one of the "Attracting, Retaining and Managing Talent" responsibilities? 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. Which of the following is a reason why a business should be managed ethically? [D] requiring all bankers to sign ethical codes. B. the police in jurisdictions where the business has operations. B. ability to plan for the unexpected. 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. The concern businesses have for the welfare of society, not just for their owners is: C. Expanding opportunity by providing punishments for violations of the rules D. Overlooking violations of codes of ethics Prepare the statement of retained earnings of Decorating Arrangements for the year ended December 31, 2016. ______ of the ethics code in a timely manner is the most forceful way to communicate its importance. True false question. According to Norman Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision? Multiple choice question. List the most influential on top. 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. Harassment and discrimination are arguably the most prominent contemporary ethical issues in business today. 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. The last recession changed the way many companies offer support to people and communities in need. (C) make students who know how to plagiarize well acceptable to employers A. you need to justify socially responsible behaviour from an investors standpoint only. 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. Businesses that violate ethics and engage in illegal activities can be subject to costly fines and lawsuits. Who sets the standards of right and wrong as defined by ethics? Multinational corporations are committed to operating within the legal limits of U.S. law. A company that has socially responsible human resources management is \text{Direct materials} & \text{\$ 3.10}\\ Paying employees on specified pay dates most of the time. (D) occur in only a few countries. is a branch of philosophy that seeks to address questions about moralitythat is, about concepts such as good and bad, right . (D) going to lose money by providing pay raises, A business should be managed ethically because D. integrity. I'm a Product Manager with experience working cross-functionally with business roles (e.g. Some common workplace ethics include trustworthiness, accountability, respect, transparency, and integrity. This is the third year of operations for the company. Nike suffered criticism due to its __________ _____________ violations in their overseas manufacturing facilities. Multiple Choice formal and informal. 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. higher ethical standards than in the past. C. An ethics office must be set up. The main principles of business ethics are based in academia and on academic writings on proper business operations. That person called five of his relatives and several friends. Integrity-based ethics is informal company behavior that evolves from individuals' desire to make things better for all. C. the increase in lawsuits used to avoid personal responsibility. Multiple select question. . (A) likely to perform better financially Complete each sentence with the comparative or superlative form of the modifier in parentheses. 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. varies among those who are interested in corporate responsibility. Fraud Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. Distributors. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. socialism \text{Rent Expense} & 11,000 & \text{Dividends} & 4,500 \\ This, then, creates greater stability within the company.. The researchers also determined that businesses could take certain steps to rectify ethical lapses that impacted performance. When Paulsen describes Storm, he also gives clues about his own personality. 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. Top leaders from other countries have been charged with bribery, The emergence of the green movement has affected businesses by Periodically asking every employee to evaluate the company's ethics performance. 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. Customers In a business setting, ethical behavior applies to any employee, team lead or supervisor. The term business ethics refers to the set of moral principles that guides a company's conduct. The purpose of a code of ethics is to guide employees in handling ethical dilemmas. Reevaluating its ethics codes based on the input of its customers. D. Outsourcing practices This is an example of corporate: C. Operational initiatives B. personal responsibility C. compliance 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. Community members are bound by the pursuit of common values and goals. Explanation CSR can lead to even more profits. an individual's ethics Establishing an ethical culture starts with company leadership and involves ongoing emphasis that ethical standards are respected. It could also mention specific protocol within the business. A well-implemented ethics program can also reduce losses. 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. Deceptive advertising of medicines and toys corporate social initiative ethical officers Ethical behavior positively impacts a businesss financial performance. An important factor in enforcing ethics codes is selecting a(n) _________________ __________________. U.S. companies follow the lead of consumers, and at this time, there is no evidence of a trend toward concern for better human rights and environmental standards.

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