It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. Increased control over employee actions. C. It is the law in the U.S. D. Employees. 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) it prevents government audits Multiple Choice C. Corporate strategy B. Horn blower to increase employee turnover A. Ethical behavior has significant upfront costs which may never be recovered. retaliation Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. (B) going to save money by not hiring those who are disabled Ethical problems such as influence peddling and bribery: Customers Explanation Multiple choice question. Explanation 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: technical policy E. all of the answers are correct. The most basic question in an ethics-based management system is. Suppliers A(n) _________________ ___________________ethics code creates an environment which supports ethically sound behavior by stating an organization's guiding values, shared responsibilities, and accountability. [B] passing laws to make accounting records more transparent B. Multiple choice question. Businesses must abide by some basic principles. free from the concern of (A) have fewer loyal customers but attract more of them Paying employees on specified pay dates most of the time. And could be pivotal for career growth. U.S. law does not require U.S. firms to comply because of competitive advantage concerns. A business's responsibilities to its owners and investors include '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. To allow whistleblowers to come forward with information organizations should 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. These define the company's guiding values, and most often it involves shared accountability. Business Ethics refers to carrying business as per self-acknowledged moral standards. Both high-quality service and low unethical behaviors are important to predicting business unit performance, said Jiang. The majority of CEOs blame unethical employee conduct on: Ethics may seem like an intangible, but there is a clear connection to overall performance. D. Outsourcing practices Notes. allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: ignoring both ethical and unethical behavior \text{Total production cost} & \text{\$ 9.20}\\ Multiple Choice Think about a business that hires only family or one that gives inappropriate incentives, for example. Target is a business. [B] allowing management to decide the outcomes of investigations Explanation [A] relate well to employees at all levels Multiple choice question. Top officials in countries like Japan, South Korea, and China have faced legal charges of influence peddling and __________ charges, which serve as examples of the unethical behavior that U.S. companies face in overseas markets. Strict global regulations require it. compliance-based ethics When Paulsen describes Storm, he also gives clues about his own personality. The Sarbanes-Oxley Act and Ontario's Bill C-198 were both passed to A. punish those who committed accounting fraud in the late 1990s. [A] outsourcing enforcement of the laws to private firms From retaining employees to ensuring brand loyalty to avoiding lawsuits and fines, a strong code of ethics is key to continued success. A. responsibility Multiple choice question. whistleblowers. [B] They may choose to cancel orders when there are human rights abuses. A. protecting the owners' rights and investments. Compliance-driven ethics standards Explanation The total rent on the plant is$80.000 per period. [C] only to compete and make a profit Multiple choice question. \text{Rent Expense} & 11,000 & \text{Dividends} & 4,500 \\ Multiple Choice a clear set of rules and regulations Multiple choice question. Reevaluating its ethics codes based on the input of its customers. Explanation \text{Depreciation} & \text{1.00} & \text{\$ 40.000}\\ [C] can be trusted to maintain confidentiality He also believed anything other than that would be considered: It does not subtract from the bottom line; it adds to it. The discipline comprises corporate responsibility, personal responsibility, social responsibility, loyalty, fairness, respect, trustworthiness, and technology ethics. 'Business' can mean an activity of exchange. B. reducing regulations about labeling False. Amber was observing an example of the ___________ followed at this organization. Fraud Who sets the standards of right and wrong as defined by ethics? True false question. fascism A. This is called a bounty provision because as stated, they may receive a monetary award for their actions. likely to perform better financially setting a good example. A. Overstating an expense report. C. Accounting fraud information technology About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through _________________work. Integrity-driven ethics codes Explanation Business ethics helps to optimize company resources. cultural and accountable C. practice deception regarding product safety issues. The mortgage bankers and real estate companies who helped create the financial crisis of 2008 were driven by, Financial and political leaders can restore trust in the free market system by: the collection of laws to protect society from fraud, theft, and violence. an individuals behavior is influenced by the behavior of others. Whistleblowers are often concerned about retaliation. [D] only with their responsibility to their shareholders, A company that has socially responsible human resources management is Supervisor 2. B. because strict global regulations require it. Corporate policy refers to the position a firm takes on ______________ and __________________ issues. Multiple choice question. C. Investor relations You're dealing with sensitive information As a business owner, you deal with sensitive information on the daily. All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. aggregate independent appraisal. Workplace and colleague wellbeing. A. reduced employee turnover. A reputation for positive ethical behavior entices more potential clients, customers and partners to work with you. 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. An important reason for a company to maintain its ethical reputation is [D] They may choose to cancel orders when there are environmental abuses. [D] To avoid lawsuits, Effective ethics officers: (A) are just part of doing business What kind of person do you think Paulsen is? Multiple Choice Multiple Choice 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. Multiple Choice My 4 fundamental professional beliefs:<br> I believe change management must be inclusive if you want it to work. But when they do, employees need to take accountability for their actions. statement by Milton Friedman that maximizing shareholder profits is businesses' only responsibility \text{Direct materials} & \text{\$ 3.10}\\ moral impropriety. because strict global regulations require it Corporate values are: Due to a reduction in output, the company has idle capacity that could be used to produce the starters. C. Increased penalties for code violators. ethical standards in the U.S., but unfortunately foreign leaders are not being subjected to ethical scrutiny. Government and business leaders are being held to American businesses are demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. 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. [C] The U.S. government will use military force to enforce labor laws.. D. Outsiders must be told about the ethics program. 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. Periodically asking every employee to evaluate the company's ethics performance. Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. E. All of the answers are correct. The _____________ _________________is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. Though discrimination and harassment laws have been put in place and continue to be updated . Multiple choice question. [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. The second major meaning behind the term is . social initiatives False, Whistleblowers can be helped by protecting them from: 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 . \end{matrix} B. philanthropy draw more customers, Many investors believe D. Outsourcing practices A business should be managed ethically because Multiple select question. The first area is productivity. Many businesses believe that they should have an influential and important role in: Societies set the standards for moral behavior, known as, About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through __________ work. This will ensure that you have trustworthy employees working for you. (C) likely to perform worse financially D. employee retaliation by doing the minimum needed to get by. firms should take added caution not to support government programs that protect the environment. Multiple select question. The firm has evolved into a big business due to quality and innovative work. Multiple choice question. can encourage employees to deceive customers, Following an ethics-based approach to decision making will normally lead to higher ________. hiring only women and minorities Integrity-based ethics is informal company behavior that evolves from individuals' desire to make things better for all. List the most influential on top. It seeks to promote honesty, fairness, and responsibility in all advertising. Increasing public concern for the environment created by the ________________ movement has more businesses looking for environmentally friendly ways to do business. A. based on a commitment to integrity and respect and C. corporate social responsibility Rank the following jobs according to their importance in influencing the implementation of ethical standards. Strategic partnering True false question. Source interviews were conducted for a previous version of this article. Should an instance occur, the result could be devastating to your company's finances and reputation. True false question. Chenda Bunkasem is head of machine learning at Undock, where she is focusing on using quantitative methods to influence ethical design. B. enjoy significantly higher profits. While these actions might not be illegal, they can definitely have negative effects on the morale and success of a company, especially if their dirty laundry is aired publicly. A. delight them with a quality product at a fair price. [C] it reduces the likelihood of lawsuits by employees or customers This approach to ethics assumes a society comprising individuals whose own good is inextricably linked to the good of the community. C. to attract new customers and retain existing customers. Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. 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. It emphasizes sustainability, customer loyalty, brand image, and employee retention. Your boss has prepared some questions for you to consider. (C) attract and retain better employees Which of the following should help reduce the incidence of unethical behavior in an organization? \text{Direct labor} & \text{2.70}\\ Multiple select question. Multiple select question. Love to build enthusiastic and energetic teams and be a step ahead the expectations of my clients inside and outside the organization. Multinational corporations are committed to operating within the legal limits of U.S. law. 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. Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? B. a failure of leadership to establish ethical standards. Unethical behavior by financial and real estate businesses has led to [A] it reduces employee turnover One strategy guaranteed to displease your customers is to: The purpose of a code of ethics is to guide employees in handling ethical dilemmas. D. Pricing practices When there is a base level of respect established, people take criticism less personally, are able to communicate more openly, and can see and value the other persons perspective. B. On the line provided after the sentence, write the possessive form of the underlined words. lower ethical standards than in the past. A business starts with the correct usage and allocation of finances and cost management. A process-oriented approach toward data ethics is well suited for data enthusiasts with limited resources in the fast-changing world of new technologies. C. Watch tower sentinel These actions are When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. _____________________ _____________________ _____________________is a business's concern for the welfare of society. She has asked you to give her information about what determines the level of various interest rates. Internal Audit Company Protection Act Customer privacy policies and practices Which of the following are true regarding ethical behavior? Conversely, when unethical behavior was commonplace, the quality of service had a much-diminished impact on the success of business operations. A. guilt payments. E. Consumer safety information, Which of the following is NOT one of the "Business System Design and Development" responsibilities? To understand why ethical behavior is important, it might be helpful to know how unethical behavior affects a company. By being ethical, leaders can foster an environment that rewards and encourages good attitudes. social media Top management at Lancer Distributing is convinced that they have a social responsibility to their community. Multiple Choice C. help laid-off employees get their jobs back. ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. It is an act that is against the law and against Securities and Exchange Commission policy. A. Whistleblower protect them from retaliation [D] severe financial crises. (B) 3 out of 4 citizens think they should be paid for their volunteer work C. Research practices C. teamwork eliminates a need for personal ethics. Dodd-Frank Wall Street Reform and Consumer Protection Act.
