a business should be managed ethically because a business should be managed ethically because

1. D. Improved awareness of the relevant laws. Explanation Multiple select question. Write dialogue for an imaginary conversation between the speaker of When We Two Parted" and the person he addresses. internal investigation. C. practice deception regarding product safety issues. 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. An integrity-based ethics code defines the organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability. Nike suffered criticism due to its __________ _____________ violations in their overseas manufacturing facilities. Ethical behavior positively impacts a businesss financial performance. Sherman Act Besides environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is (D) going to lose money by providing pay raises, A business should be managed ethically because Additionally, business ethics can help to build trust between the organization and its stakeholders. [C] conducting objective investigations According to Norman Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision? By being ethical, leaders can foster an environment that rewards and encourages good attitudes. To allow whistleblowers to come forward with information organizations should \text{ } & \text{Per Unit} & \text{Total}\\ Ethics may seem like an intangible, but there is a clear connection to overall performance. ______ of the ethics code in a timely manner is the most forceful way to communicate its importance. 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. [A] making the charges public before the investigation is costly, but worthwhile in reaching specific customers Implementing ethical standards within an organization starts with: An employee who reported her boss to the SEC for insider trading would be considered a(n) _____________ protected by law. whistleblowers using recyclable packaging to increase employee turnover Which of the following would be a unique focus of an integrity-based ethics code? Integrity-based ethics codes ethical standards that are often unreasonable and cannot be met by most leaders. Reevaluating its ethics codes based on the input of its customers. corporate social responsibility, Corporate social responsibility is when businesses are concerned 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. U.S. law does not require U.S. firms to comply because of competitive advantage concerns. 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. 22. Therefore, it is the most significant resource to run or upgrade any business. D. employee retaliation by doing the minimum needed to get by. (C) to increase employee turnover B. Determine Author's Purpose Why do you think Las Cases wrote this detailed account about the treatment of Native Americans by the Spanish? When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: 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: Attracting and retaining better employees is an example of a corporate social responsibility: Unethical behavior in business, especially in the real estate and banking industries, has resulted in C. a loss of employee commitment and trust in the company and its management. Multiple Choice The purpose of a code of ethics is to guide employees in handling ethical dilemmas. U.S. economist Milton Friedman believed that the only social responsibility of the corporation was to its stockholders. B. Motivation. for the welfare of society as a whole, about being fair and honest with their stakeholders social media Business Ethics refers to carrying business as per self-acknowledged moral standards. What does the research into business ethics say? (B) have higher turnover Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of _______________ and not only of their owners. Written ethics codes can be categorized as True A. 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. An important factor in enforcing an ethics code is: C. helps government officials develop appropriate legislation. The moral and ethical standards by which leaders are judged are far stricter than in the past. Unethical behavior by financial and real estate businesses has led to Think about a business that hires only family or one that gives inappropriate incentives, for example. Multiple choice question. Which of the following is a reason why a business should be managed ethically? a written code of ethics School McMaster University; Course Title COMMERCE 1E03; Type. [B] They may choose to cancel orders when there are human rights abuses. Which of the following should help reduce the incidence of unethical behavior in an organization? Scandals. [D] Political risk taking. There are a number of reasons why businesses should act ethically: to protect its own interest; to protect the interests of the business community as a whole so that the public will have trust in it; to keep its commitment to society to act ethically; to meet stakeholder expectations; to prevent . \text{Cash} & 7,000 & \text{Equipment} & 26,600 \\ B. an individual's behaviour is influenced by the behaviour of others. (A) likely to perform better financially Maximizing ethical conflict in work groups Explanation Rank the following jobs according to their importance in influencing the implementation of ethical standards. Some common workplace ethics include trustworthiness, accountability, respect, transparency, and integrity. B. a failure of leadership to establish ethical standards. commitment to maximizing shareholder profits in all decisions, Insiders, such as employees, who report concerns about a company's accounting or auditing practices are called: (B) it is using investors' money in ways they did not intend Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? it prevents government audits, Which set of ethics codes emphasizes preventing unlawful behavior by increasing control and penalizing wrongdoers? Assessment-driven ethics codes, Who sets the standards of right and wrong as defined by ethics? For many years Futura Company has purchased the standard that it installs in its standard line of farm tractors. This is called a bounty provision because as stated, they may receive a monetary award for their actions. corporate responsibility requiring suppliers to be evaluated monthly concerning 2. corporate inclusion policy Which of the following are reasons a business should be managed ethically? A business should be managed ethically for many reasons to maintain a good. 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 . formal and informal. Here are five reasons why you should keep things legal and follow business ethics in accounting. likely to perform worse financially, Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back." Ethical behavior can have negative consequences to the bottom line in the long run. 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. A. responsibility American businesses are demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. Socially conscious investors insist that a company extend its own high standards to its ____________________. ______________- ________________ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. B. Whistleblowing C. Plagiarism What occurs when an employee exposes an employer's wrongdoing to outsiders? These define the company's guiding values, and most often it involves shared accountability. Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. Insider trading refers to the discussion or leak of private, proprietary information about a firm that is not yet made public. A company's effectiveness and financial performance are most affected by responsible _________ _________ management. whistleblowers. Which of the following are true regarding ethical behavior? corporate raiders. Multiple choice question. D. Outsourcing practices A. A business should be managed ethically because, businesses with good reputations attract customers. B. An organization's managers instill corporate values and _____________________ in employees by the examples they set. Trust and cooperation between workers and managers must be based on which of the following? B. helping others 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. Part-time co-worker 3. Customer privacy policies and practices Business ethics benefits the bottom line. D. Mayhem Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. [B] To maintain a good reputation A low cost, efficient way for companies to connect with specific groups and inform them of corporate social responsibility efforts is ____________________ __________________. B. Corporate philanthropy D. maximizing their investment in the firm. tax officials. penalizing wrong-doers, increasing control 'Business' can also mean an entity that offers goods and services for exchange, i.e., that sells things. The benefit of using __________ to communicate a business's CSR efforts to the public is that it allows companies to reach broad and diverse groups directly in a low-cost, efficient way. 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. 'Business' can mean an activity of exchange. (C) benevolence is the highest virtue Personal projects draw more customers, Many investors believe Maria Juarez is a professional tennis player, and your firm manages her money. Laws, Ethics Laws - are passed by legislators to protect us from fraud, theft, and violence. Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of __________________and not only of their owners. HR professionals sometimes face ethical or moral dilemmas. punishing unethical behavior and rewarding ethical behavior privately compliance police. A. code of ethics. not concerned with the ethical or socially responsible behavior of their international suppliers. '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. I'm a Product Manager with experience working cross-functionally with business roles (e.g. What is ethical is determined by the public, government regulators, interest groups, competitors and each individuals personal moral values, Studying business ethics will not necessarily, Inform you concerning the impact of the work group on ethical decisions. True or false: Social responsibility and ethical problems exist primarily in the U.S. because we have more laws about those problems.