If an underlined word is already in the correct possessive form, write a C on the line. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. 1. protect them from retaliation Workplace and colleague wellbeing. 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 Source interviews were conducted for a previous version of this article. Less than 202020 percent of the eligible voters has\underline{\text{has}}has an opinion about that subject. varies among those who are interested in corporate responsibility. D. the nation's business schools that tolerate unethical behaviour in students. Multiple choice question. \text{Supervision} & \text{1.50} & \text{\$ 60.000}\\ (D) going to lose money by providing pay raises, A business should be managed ethically because B. an individual's behavior is influenced by the behavior of others. C. Research practices \text{ } & \text{Per Unit} & \text{Total}\\ (B) 3 out of 4 citizens think they should be paid for their volunteer work penalizing wrong-doers, increasing control Why You Need to Create a Fantastic Workplace Culture, 10 Employee Recruitment Strategies for Success, Best Accounting Software and Invoice Generators of 2023, Best Call Centers and Answering Services for Businesses for 2023. C. An ethics office must be set up. E. Consumer safety information, Which of the following is NOT one of the "Business System Design and Development" responsibilities? B. Horn blower Think about a business that hires only family or one that gives inappropriate incentives, for example. Which step is the most critical to help improve business ethics? Specific decisions made by your organization, whether by an individual or the entire group, can have a massive impact on how your company is viewed and the reputation it cultivates for itself. Rohit Sharma - Lead Technical Product Manager - LinkedIn They need to take responsibility for what happened and be proactive in fixing it. In a business setting, ethical behavior applies to any employee, team lead or supervisor. The monetary award may total as high as 30% of the amount collected for violations that exceed $1 million. A(n) _________________ ___________________ethics code creates an environment which supports ethically sound behavior by stating an organization's guiding values, shared responsibilities, and accountability. In other situations, traditions and customs make gifts and other bribery-type activities the long-standing practice in some nations. . C. Accounting fraud A. Overstating an expense report. the federal government Companies that participate in CSR typically have more loyal employees and customers. (D) 3 out of 4 citizens volunteer, but cheat on their taxes, Using information from the internet or other sources without giving credit to the author is, The strong relationship between academic dishonesty and dishonesty at work is likely to 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. 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 Dodd-Frank Wall Street Reform and Consumer Protection Act It is essentially a moral compass. B. leaving unethical behavior unpunished Demanding Ethical and Socially Res, Intro-Into-Business: Ch. 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. Top management at Lancer Distributing is convinced that they have a social responsibility to their community. The discipline comprises corporate responsibility, personal responsibility, social responsibility, loyalty, fairness, respect, trustworthiness, and technology ethics. Rank the following jobs according to their importance in influencing the implementation of ethical standards. 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. 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 . A New Model for Ethical Leadership - Harvard Business Review E. All of the answers are correct. Business Ethics - Overview, Examples, Components of Business Ethics This includes managers and subordinates, peers and clients. it reduces laws and regulations Ethical management generates trust, and trust increases productivity. A. Diversity and discrimination B. Target is a business. higher ethical standards than in the past. is costly, but worthwhile in reaching specific customers \text{Retained Earnings, Jan. 1, 2016} & 4,800 & & \\ A. Sarbanes-Oxley Ruling Explanation that they can improve their own financial health by investing in companies whose goods and services benefit the community free from the concern of Which of the following describes charitable donations by corporations to nonprofit organizations? True false question. Which of the following is not one of the approaches associated with corporate social responsibility? \text{Direct materials} & \text{\$ 3.10}\\ Internal Audit Company Protection Act Business ethics are applicable not only to the manner the business relates to a customer but also to the society at large. A. guilt payments. an individual's ethics higher ethical standards than in the past. corporate social initiative Marilena Crsteanu - International Customer Experience Advisor 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. 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. He also believed anything other than that would be considered: Hence, a business should have a trustworthy source of finance and maintain healthy relations with financial sources like Banks, Financial Institutions, Stakeholders, etc. \text{Cash} & 7,000 & \text{Equipment} & 26,600 \\ Ethics in the Workplace: Examples & Tips | PayScale promotions, The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: Multiple Choice shareholders penalizing wrong-doers. draw more customers, retain better employees many Americans decide what's ethical based upon the situation in which they find themselves. C. helps government officials develop appropriate legislation. Intro-Into-Business: Ch. 4 Learn Smart Flashcards | Quizlet The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: A systematic evaluation of an organization's progress toward implementing socially responsible and responsive programs is called: How are U.S. companies likely to pressure foreign companies to change their standards of ethics and social responsibility? A. expanding the opportunity to behave ethically by providing rewards for following the rules. List the most influential on top. compliance-based Ethical Behavior Is Essential to Business - Business News Daily 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. help store confidence in corporate america and canada, Which of the following have been cited as incidents of unethical business activity recently? Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of _______________ and not only of their owners. But when they do, employees need to take accountability for their actions. The rent charge above is based on space utilized in the plant. 22. Managing Business Ethics - Ethical Systems 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. The first area is productivity. True ethical standards that are often unreasonable and cannot be met by most leaders. Multiple choice question. ignoring both ethical and unethical behavior Those who have others interests in mind when they make decisions are displaying ethical behavior. Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of __________________and not only of their owners. The corporate scandals can hurt the reputation of firms, the interests of investors and stakeholders, welfare of employees, the life damage or property losses of customers and the damage of environment. Multiple Choice Italian Stallion stockholders got a very fair deal for the stock they owned in the company. E. Employee benefit programs. Harassment and discrimination are arguably the most prominent contemporary ethical issues in business today. Other times, they may feel as though they are caught between what their higher-ups want them to do and what the law requires. Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? 051-Methods for Designing Ethical, Human-Centered AI with Undock Head social media. demanding that international suppliers adhere to higher, more costly standards than their American counterparts. If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: What motivated the unethical behavior of real estate agents, lenders, and borrowers that led to the financial crisis of 2008? Encouraged by the new Sarbanes-Oxley Act, individuals who report unethical or illegal behavior within an organization are

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