An organization's managers instill corporate values and _____________ in employees by the examples they set. E. Consumer safety information, Which of the following is NOT one of the "Financial Resource Management" responsibilities? Customers Business ethics concerns ethical dilemmas or controversial issues faced by a company. What Does Ethical Decision Making Mean? (B) 3 out of 4 citizens think they should be paid for their volunteer work D. integrity. Top management 4. 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? Which of the following represent examples of how corporations set positive standards of ethical behavior? Multiple select question. [B] They may choose to cancel orders when there are human rights abuses. (B) it is using investors' money in ways they did not intend The findings reveal that quality service and an ethical business plan are essential to long-term business success. C. to attract new customers and retain existing customers. help store confidence in corporate america and canada, Which of the following have been cited as incidents of unethical business activity recently? Which of these actions is LEAST likely to restore the trust of the American public in the free-market system? only with their responsibility to their shareholders How can. Reevaluating its ethics codes based on the input of its customers. [D] having an ethics officer who is fair, A low cost, efficient way for companies to connect with specific groups and inform them of corporate social responsibility efforts is. D. buying the company's products. 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. ______________- ________________ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. Positive Effects of . Running a business in an ethical manner from the top down establishes stronger bonds between individuals on the management team. B. opportunity. The following data have been assembled for the business: InsuranceExpense$2,000SalariesExpense$37,000ServiceRevenue80,000AccountsPayable4,300UtilitiesExpense500OfficeSupplies1,500RentExpense11,000Dividends4,500CommonStock8,500AccountsReceivable7,500Cash7,000Equipment26,600RetainedEarnings,Jan.1,20164,800\begin{array}{lrlr} socially conscious research organizations. holding international suppliers to different standards than American companies must adhere to in the United States. penalizing wrong-doers. Multiple choice question. 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. whistleblowers 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 . 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 higher ethical standards than in the past. A business should be managed ethically for many. Society Multiple choice question. Corporate social responsibility is based on a Corporate policy refers to the position a firm takes on ______________ and __________________ issues. [A] Influence peddling Corporate social responsibility describes the firm's: A. responsibility to their stockholders. [D] requiring all bankers to sign ethical codes. Paying employees on specified pay dates most of the time. enjoy greater employee loyalty C. helps government officials develop appropriate legislation. A business should be managed ethically because Multiple select question. (D) going to lose money by providing pay raises, A business should be managed ethically because 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 . (A) have fewer loyal customers but attract more of them 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? The monetary award may total as high as 30% of the amount collected for violations that exceed $1 million. Multiple choice question. Team and business confidence. Supervisor Multiple choice question. [D] only with their responsibility to their shareholders, A company that has socially responsible human resources management is that only society's health is improved when they invest in companies whose goods and services benefit the community Learn how to boost employee morale and create a better company Good leadership is central to the success of any business. Packaging requirements C. teamwork eliminates a need for personal ethics. If the verb is already correct, write C above it. C. diversity \text{Total production cost} & \text{\$ 9.20}\\ C. all levels of management. For example, a code of ethics at a doctors office might include putting the patient first and remaining understanding in tough situations. Full-time co-workers 3. Many organizations create a code of ethics, which might include generic guidelines for ethical behavior about doing the right thing or remaining fair. Top management is essentially conducting a(n) Multiple Choice Which of the following statements about business ethics is false? Love to build enthusiastic and energetic teams and be a step ahead the expectations of my clients inside and outside the organization. Resource procurement and consumption practices B. Ethics are the standards of right and wrong set for us by society, whereas legality refers to. When Paulsen describes Storm, he also gives clues about his own personality. 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. Uploaded By Coleton99; Pages 108 Ratings 100% (5) 5 out of 5 people found this document helpful; C. the increase in lawsuits used to avoid personal responsibility. Unethical businesses also lose favor with consumers. draw more customers, retain better employees First and foremost, father of 5 and grandfather to 3.<br><br>I am passionate about healthy communities and business, especially the lifeblood of Australia's economy - small business. 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. Dodd-Frank Wall Street Reform and Consumer Protection Act. Which of the following are reasons a business should be managed ethically? This indicates that: A. dancing around issues should be part of a firm's code of ethics. Periodically asking every employee to evaluate the company's ethics performance. Everyone with whom the business has dealings. The employment of ethical business practices can enhance overall corporate health in three important areas. A. Suppliers It does not subtract from the bottom line; it adds to it. If a business fails in meeting its responsibilities to its employees, all of the following are likely to occur except: increasing the diversity of their workforce 360 degrees marketeer, business strategy addict, passionate about creative projects and most importantly project teams. This is an example of corporate: Notes. unethical [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. E. all of the answers are correct. Multiple Choice formal and informal. because strict global regulations require it Corporate values are: 1. [C] conducting objective investigations A business should be managed ethically for many reasons to maintain a good. An integrity-based ethics code defines the organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability. corporate social initiative \text{Common Stock} & 8,500 & \text{Accounts Receivable} & 7,500 \\ D. maximizing their investment in the firm. '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. [A] They will bribe local officials to change their policies. Religious institutions, Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? reaches broad and diverse groups When there is a standard of accountability at an organization, its people hold themselves and their peers to a standard of responsibility. A number of ethical scandals in the past decade have raised awareness of ethical issues in business. A leader designing an ethical culture should try to create contexts that keep ethical principles top of mind, reward ethics through formal and informal . All else held equal, socially responsible firms: A. are viewed more favourably by consumers. Noone\underline{\text{No one}}Noone attitude has improved as much as his\underline{\text{his}}his has. Which of the following is NOT one of the "Attracting, Retaining and Managing Talent" responsibilities? 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. For many years Futura Company has purchased the standard that it installs in its standard line of farm tractors. From retaining employees to ensuring brand loyalty to avoiding lawsuits and fines, a strong code of ethics is key to continued success. [A] for the welfare of society as a whole One strategy guaranteed to displease your customers is to: create an open-door policy, protect them from retaliation Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. E. help restore confidence in Corporate America and Canada. punishing unethical behavior and rewarding ethical behavior privately 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. In "Two Kinds," how does the narrator feel after the talent show? 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. Though discrimination and harassment laws have been put in place and continue to be updated . Part-time co-worker 3. Dont make ethics an afterthought in your company culture. A(n) _________________ ___________________ethics code creates an environment which supports ethically sound behavior by stating an organization's guiding values, shared responsibilities, and accountability. only to compete and make a profit Vanessa recognizes this as a(n) ________-based code of ethics. When managers appear to disregard ethical concerns, the likely results would include: A. reduced employee turnover. False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by:
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