a business should be managed ethically because

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. D. help investors recoup their losses. A. Explanation formal and informal. allows them to reach specific groups more directly, allows them to connect directly with customers 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. In other situations, traditions and customs make gifts and other bribery-type activities the long-standing practice in some nations. Multiple choice question. B When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong. Corporate responsibility The rent charge above is based on space utilized in the plant. ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. enjoy greater employee loyalty B. being socially responsible is all about being ethical. D. companies who are perceived as being socially responsible will ultimately earn more profits for their A company's effectiveness and financial performance are most affected by responsible _________ _________ management. A failure of leadership to establish ethical standards, Which of the following terms describes someone who reports illegal or unethical behaviour? Which of these actions is LEAST likely to restore the trust of the American public in the free-market system? D. Mayhem It is actually a structure of moral principles and code of conduct applicable to a business. Defining the concept of ethics more narrowly, and making the definition closer to the definition of legality. And could be pivotal for career growth. Many organizations create a code of ethics, which might include generic guidelines for ethical behavior about doing the right thing or remaining fair. Dodd-Frank Wall Street Reform and Consumer Protection Act. social audit. Your boss has prepared some questions for you to consider. Business Ethics refers to carrying business as per self-acknowledged moral standards. Businesses can show their CSR in many ways. False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: How to Get a Bank Loan for Your Small Business, How to Conduct a Market Analysis for Your Business, Guide to Developing a Training Program for New Employees. leaving unethical behavior unpunished B. because strict global regulations require it. Multiple choice question. Stresses shared accountability B. helping others B. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. Ethical behavior can have negative consequences to the bottom line in the long run. moral impropriety. 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. 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. \text{Variable manufacturing overhead} & \text{0.60}\\ ______ of the ethics code in a timely manner is the most forceful way to communicate its importance. If an underlined word is already in the correct possessive form, write a C on the line. A systematic evaluation of a company's progress toward implementing socially responsible programs is known as a(n)___________________ __________________ . only with their responsibility to their shareholders demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. Chapter 4. Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? E. all of the answers are correct. school districts Its easier for a business to retain employees when they work for a company that they believe in. Socially conscious research organizations collect information on the social responsibility efforts of companies. shareholders True socially conscious research organizations. __________ ___________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. Compliance-driven ethics standards (D) businesses cannot succeed in societies that fail. Ethical behavior has significant upfront costs which may never be recovered. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. Answer (1 of 4): When you manage a business ethically it attracts the right people that can suit your company culture and proficiently fit with your business. \text{Service Revenue} & 80,000 & \text{Accounts Payable} & 4,300 \\ Explanation These define the company's guiding values, and most often it involves shared accountability. 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 . corporate raiders. B. ability to plan for the unexpected. Practice deception regarding product safety issues. B. opportunity. Multiple choice question. Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. C. Expanding opportunity by providing punishments for violations of the rules D. Overlooking violations of codes of ethics B. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. Multiple choice question. Suppliers 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? In the long run, CSR enhances profits. [B] reaches broad and diverse groups My 4 fundamental professional beliefs:<br> I believe change management must be inclusive if you want it to work. At a college, a code of ethics could include being honest and unbiased when grading and being a catalyst for diverse perspectives in the classroom. fairness, honesty, openness, _____________________________are insiders who report illegal or unethical behavior. Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. (A) 3 out of 4 citizens do not give any time to the communities in which they live C. Investor relations Multiple Choice Though discrimination and harassment laws have been put in place and continue to be updated . government-supported direct mail campaigns Multiple choice question. A business should be managed ethically because Multiple select question. Complete each sentence with the comparative or superlative form of the modifier in parentheses. A. code of ethics. Rank the following jobs according to their importance in influencing the implementation of ethical standards. When implementing an ethics code, it is important to share it with all ___________________________because pressure to act unethically often comes from the outside. False, Whistleblowers can be helped by protecting them from: Ethical behavior includes honesty, fairness, integrity and understanding. If the verb is already correct, write C above it. Business ethics helps to optimize company resources. higher ethical standards than in the past. 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. Multiple choice question. Uploaded By Coleton99; Pages 108 Ratings 100% (5) 5 out of 5 people found this document helpful; Multiple Choice C. to attract new customers and retain existing customers. (C) 4 out 5 citizens volunteer an hour each week E. All of the answers are correct. Multiple Choice standards. Organizational ethics begins Multiple Choice at the top levels of management. customers Which of the following are examples of outside stakeholders that must be told about a company's ethics program? It does not subtract from the bottom line; it adds to it. Socially conscious investors insist that a company extend its own high standards to its ____________________. 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 . pro-current procurement. If your supervisor directed you to enter false information into a sales order book and told you if you refused that you would lose your opportunity for promotion, you would probably consider this situation to be a(n), According to the text, ethical behavior begins with. Multiple Choice 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 . 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. The first area is productivity. [B] share all information with managers when requested [B] They may choose to cancel orders when there are human rights abuses. Resource procurement and consumption practices Which of the following is NOT a part of an integrity-based ethics code? [A] making the charges public before the investigation Packaging requirements They define crimes more narrowly than do ethics protect from fraud, theft, and violence, while are used to decide how we treat others responsibly to society's views of right and wrong Ethically Behaving often requires more than obeying the law. A. you need to justify socially responsible behaviour from an investors standpoint only. 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. ignoring both ethical and unethical behavior We covered: How data teams can actually design ethical ML models, after . only to compete and make a profit corporate social responsibility, Corporate social responsibility is when businesses are concerned The owners of Good Eats Restaurant in St. Louis drove several hours with a van of employees, equipment, and food to donate what they could to help the storm victims. C. Research practices A low cost, efficient way for companies to connect with specific groups and inform them of corporate social responsibility efforts is ____________________ __________________. D. integrity. Which of the following are reasons a business should be managed ethically? C. It is the law in the U.S. D. Employees. global policy (D) long jail terms for those who acted unethically. 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. In one such study, led by Kaifeng Jiang, a professor at the Ohio State University Fisher College of Business, researchers examined the intersection between the quality of service a business offers and its adherence to ethical mores by looking into conditions at nearly 200 movie theaters. A. Internet whistleblowers Top leaders from other countries have been charged with bribery, The emergence of the green movement has affected businesses by In fact, data collected by Ethisphere, an organization that tracks the ethical conduct of the worlds largest companies, found that the businesses listed on its 2022 list of most ethical companies outperformed an index of similar large cap companies by 24.6 percent overall.

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