True false question. Assessment-driven ethics codes, Who sets the standards of right and wrong as defined by ethics? The monetary award may total as high as 30% of the amount collected for violations that exceed $1 million. False. Employees want to work for companies that treat everyone and their clients fairly and have good and ethical business practices. Responsible business behavior depends on the responsible behavior of each ______ in the business world. social auditing, Which of the following are examples of outside stakeholders that must be told about a company's ethics program? But when they do, employees need to take accountability for their actions. 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 integrity-based ethics help store confidence in corporate america and canada, Which of the following have been cited as incidents of unethical business activity recently? free from the concern of [B] Bribery And could be pivotal for career growth. Multiple Choice Distributors. Ethical business norms must be adhered to not only by company managers but by all employees of companies without exception. Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma? A. Multiple select question. In this episode of Experiencing Data, Chenda and I explore her actual methods to designing ethical AI solutions as well as how she works with UX and product teams on ML solutions. B. philanthropy. [C] conducting objective investigations 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? B. limiting the opportunity to behave unethically by providing punishments for violations of the rules and [C] To increase employee turnover aggregate independent appraisal. According to Norman Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision? Many organizations create a code of ethics, which might include generic guidelines for ethical behavior about doing the right thing or remaining fair. Multiple choice question. A business should be managed ethically for many. Determine Author's Purpose Why do you think Las Cases wrote this detailed account about the treatment of Native Americans by the Spanish? corporate beneficial management Heres How to Fix It, 10 Common Leadership Mistakes Youre Probably Making, Creating a Diversity and Inclusion Training Program, How to Be an Ethical Leader: 10 Tips for Success, Disrespectful Employees? C. Research practices using recyclable packaging After developing a code of ethics, it should be communicated to: A. everyone with whom the business has dealings. higher ethical standards than in the past. C. Investor relations Explanation E. all of the answers are correct. Multiple select question. B. Suppliers stockholders corporate raiders. demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. insider trading. [D] only with their responsibility to their shareholders, A company that has socially responsible human resources management is E. All of the answers are correct. Notes. an individuals behavior is influenced by the behavior of others. According to recent U.S. Census Bureau research volunteerism is at an all-time high, but Government and business leaders are being held to 360 degrees marketeer, business strategy addict, passionate about creative projects and most importantly project teams. plan to maximize profits for shareholders to spend in communities Motivation. School McMaster University; Course Title COMMERCE 1E03; Type. A reputation for positive ethical behavior entices more potential clients, customers and partners to work with you. (B) going to save money by not hiring those who are disabled Explanation The first day on the job waiting tables at a popular restaurant, Amber noticed that when one member of the waitstaff was serving a very large party, the other waiters would help carry food to the tables and even check to make sure water glasses were filled. 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. 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. D. integrity. __________ ___________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. An important reason for a company to maintain its ethical reputation is [B] about being fair and honest with their stakeholders draw more customers, Many investors believe Supervisor 4. However, anyone caught violating a law will be immediately fired." 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. Multiple select question. Therefore, it is the most significant resource to run or upgrade any business. 8 Mini-Case Study, Intro-Into-Business: Ch. Research has shown that companies engaged in corporate social responsibility (CSR): corporate social initiative What Does Ethical Decision Making Mean? 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. B. philanthropy Which of the following is NOT one of the "Attracting, Retaining and Managing Talent" responsibilities? Full-time co-workers 3. Which of the following are true regarding ethical behavior? 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. 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. Target is a business. Multiple Choice Ethics are the standards of right and wrong set for us by society, whereas legality refers to. They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations. statement by Milton Friedman that maximizing shareholder profits is businesses' only responsibility "It's an ongoing phenomenon that must be better understood and managed and . 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. It is actually a structure of moral principles and code of conduct applicable to a business. It could also mention specific protocol within the business. 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. Ignoring hazardous job conditions that exist in the company's facilities Top management at Lancer Distributing is convinced that they have a social responsibility to their community. allow for complete anonymity Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. The last recession changed the way many companies offer support to people and communities in need. [D] To avoid lawsuits, Effective ethics officers: D. Ethical financial reporting practices, Resource procurement and consumption practices, 39. whistleblowers moral impropriety. Multiple Choice Business ethics benefits the bottom line. Mistakes and misunderstandings are bound to happen in any work setting. 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. D. Outsiders must be told about the ethics program. it prevents government audits, Which set of ethics codes emphasizes preventing unlawful behavior by increasing control and penalizing wrongdoers? social policy only with their responsibility to their shareholders If an underlined word is already in the correct possessive form, write a C on the line. B. [C] Paying U.S. minimum wage Multiple choice question. (A) matter very little to employers Are Workplace Politics Destroying Your Business? (D) make more money for investors in the short run. The first area is productivity. standards. C. often experience customer loyalty problems. An important factor in enforcing ethics codes is selecting a(n) _________________ __________________. True false question. However, it was disclosed that somehow a member of Paulie's management team mentioned the deal to a person he sat next to on a flight from LA to Seattle. To allow whistleblowers to come forward with information organizations should [C] it reduces the likelihood of lawsuits by employees or customers Ethical managers encourage autonomy, involvement, opportunity and responsibility - and these factors contribute to: Creativity. B. improve corporate profits. [D] requiring all bankers to sign ethical codes. E. Consumer safety information, Which of the following is NOT one of the "Business System Design and Development" responsibilities? An important factor in enforcing ethics codes is selecting a(n) ________ ________. corporate raider divisions. 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. D. the nation's business schools that tolerate unethical behaviour in students. 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 . Multiple choice question. Multiple Choice The discipline comprises corporate responsibility, personal responsibility, social responsibility, loyalty, fairness, respect, trustworthiness, and technology ethics.