a business should be managed ethically because

True or false: Individuals have social responsibilities regarding their ethical behavior in the business world. demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. Determine Author's Purpose Why do you think Las Cases wrote this detailed account about the treatment of Native Americans by the Spanish? C. helps government officials develop appropriate legislation. B. (C) 4 out 5 citizens volunteer an hour each week Explanation It is actually a structure of moral principles and code of conduct applicable to a business. D. expanding the opportunity to behave ethically by providing punishments for following the rules. 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. ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. Corporate philanthropy Top management is essentially conducting a(n) Multiple Choice Italian Stallion stockholders got a very fair deal for the stock they owned in the company. allow for complete anonymity D. the nation's business schools that tolerate unethical behaviour in students. it attracts and retains customers All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. 'Business' can also mean an entity that offers goods and services for exchange, i.e., that sells things. Laws, Ethics Laws - are passed by legislators to protect us from fraud, theft, and violence. to increase employee turnover Multiple select question. social auditing, Which of the following are examples of outside stakeholders that must be told about a company's ethics program? Sherman Act Business ethics are applicable not only to the manner the business relates to a customer but also to the society at large. [C] only to compete and make a profit Internal auditors Companies that participate in CSR typically have more loyal employees and customers. A business starts with the correct usage and allocation of finances and cost management. The Dodd-Frank Wall Street Reform and Consumer Protection Act provides whistleblowers an award if their actions lead to an enforceable action or conviction. Multiple choice question. E. all of the answers are correct. D. Outsourcing practices B. being socially responsible is all about being ethical. List the most influential on top. B. ability to plan for the unexpected. separating themselves from suppliers who violate increasing the diversity of their workforce A high ethical standard extends to customers as well. 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. (D) make more money for investors in the short run. \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ E. Consumer safety information, Which of the following is NOT one of the "Business System Design and Development" responsibilities? Which of the following statements about business ethics is false? A business should be managed ethically for many. Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma? Compliance-based ethics codes focus on: When the lines of communication are open and employees are willing to have conversations with one another, misunderstandings can be avoided. The ethics code must be enforced. Unethical behavior by financial and real estate businesses has led to about being fair and honest with their stakeholders (A) are just part of doing business B. an individual's behaviour is influenced by the behaviour of others. Amber was observing an example of the ___________ followed at this organization. Example 1. is costly, but worthwhile in reaching specific customers \text{Rent Expense} & 11,000 & \text{Dividends} & 4,500 \\ (B) going to save money by not hiring those who are disabled A. you need to justify socially responsible behaviour from an investors standpoint only. Ethical behavior has significant upfront costs which may never be recovered. concern for the welfare of society (D) businesses cannot succeed in societies that fail. [B] it increases the likelihood of government intervention an individual's ethics [D] They may choose to cancel orders when there are environmental abuses. To understand why ethical behavior is important, it might be helpful to know how unethical behavior affects a company. The term business ethics refers to the set of moral principles that guides a company's conduct. School McMaster University; Course Title COMMERCE 1E03; Type. 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. The concern businesses have for the welfare of society, not just for their owners is: Those who have others interests in mind when they make decisions are displaying ethical behavior. help store confidence in corporate america and canada, Which of the following have been cited as incidents of unethical business activity recently? create an open-door policy, protect them from retaliation allows them to reach specific groups more directly, allows them to connect directly with customers ______ of the ethics code in a timely manner is the most forceful way to communicate its importance. Ethical issues are limited to for-profit organizations. B. Ethical managers encourage autonomy, involvement, opportunity and responsibility - and these factors contribute to: Creativity. Businesses should create and display their code of ethics publicly. Multiple choice question. Product safety Your boss has prepared some questions for you to consider. [B] They may choose to cancel orders when there are human rights abuses. Insider trading refers to the discussion or leak of private, proprietary information about a firm that is not yet made public. From retaining employees to ensuring brand loyalty to avoiding lawsuits and fines, a strong code of ethics is key to continued success. The total rent on the plant is$80.000 per period. True Unethical businesses also lose favor with consumers. D. Outsourcing practices the federal government C. An ethics office must be set up. going to save money by not hiring those who are disabled The _____________ _________________is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. social policy because strict global regulations require it Corporate values are: 1. Backend and front-end engineers, data scientists) as well as designers and UX researchers to bring products to life that make our users' problems and pain-points go away!<br><br>As a product manager I have to wear different hats every day and I excel at . He also believed anything other than that would be considered: Multiple select question. With regard to socially responsible behavior, American businesses are allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: Supervisor 2. When management considers ethics in its actions toward stakeholders, employees can be positively affected. ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. Which of the following would be a unique focus of an integrity-based ethics code? True or false: Social responsibility and ethical problems exist primarily in the U.S. because we have more laws about those problems. False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: B. personal responsibility C. compliance analysts. Global Business Ethics. My 4 fundamental professional beliefs:<br> I believe change management must be inclusive if you want it to work. Due to a reduction in output, the company has idle capacity that could be used to produce the starters. only to compete and make a profit Its easier for a business to retain employees when they work for a company that they believe in. Explanation (B) lack of trust in the free market system How does the action I am proposing to take make me feel about myself? A. ethical officers Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility In other situations, traditions and customs make gifts and other bribery-type activities the long-standing practice in some nations. This sort of behavior is not limited to the workplace; it can be present in every facet of life. 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. When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: customers 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: They should display behavior that is honest and fair in their relationships with co-workers and their clients. In turn, employees will trust that their leadership team is working toward the greater good of the entire company. D. Improved awareness of the relevant laws. Which of the following describes charitable donations by corporations to nonprofit organizations? B. maintaining proper accounting procedures. government-supported direct mail campaigns Multiple select question. not concerned with the ethical or socially responsible behavior of their international suppliers. By being ethical, leaders can foster an environment that rewards and encourages good attitudes. Studies have found a _____ correlation between academic dishonesty and dishonesty at work. It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. integrity-based ethics E. Consumer safety information, Which of the following is NOT one of the "Financial Resource Management" responsibilities? going to lose money by providing pay raises 43% of consumers have stopped buying from brands they find unethical and 71% say they carefully consider corporate values when making a purchase. The unethical and illegal activity in which investors use private company information to further their own fortunes or those of their family and friends is called: The most effective ethics officers are equally comfortable as ________ and investigators. Love to build enthusiastic and energetic teams and be a step ahead the expectations of my clients inside and outside the organization. Multiple Choice Another reason why business ethics is important is that it can improve profitability. Its premise is based on integrity, fairness, and respect for others. \end{array} 1. \text{ } & \text{Per Unit} & \text{Total}\\ formal and informal. Jake knew that several other employees followed strict company policy every day and always wore their headgear; yet, they were not being acknowledged for their compliance. _______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. Defining the concept of ethics more narrowly, and making the definition closer to the definition of legality. She was even _____ after her solo than before. 2. It could also mention specific protocol within the business. The side effects are so great that the society urges that the business should always be ethically and socially responsible. Businesses that violate ethics and engage in illegal activities can be subject to costly fines and lawsuits. insider trading. (A) matter very little to employers fascism B. disgruntled workers manipulating budgets and expenses. How are these two rates measured? Economist Milton Friedman believed that a business's only social responsibility was to make ____________ for its owners and that anything else was socialism. Multiple Choice A. profits. Multiple choice question. What kind of person do you think Paulsen is? [D] allows them to connect directly with customers. True investors. Business Ethics is important because it helps organizations create a code of conduct that they can rely on to make decisions. insider trading. demanding that international suppliers adhere to higher, more costly standards than their American counterparts. Multiple choice question. Society (A) it prevents government audits social initiatives Multiple choice question. moral impropriety. Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. Vanessa recognizes this as a(n) ________-based code of ethics. secondary market companies. Corporate policy refers to the position a firm takes on ______________ and __________________ issues. Explanation This is an example of corporate: If an underlined word is already in the correct possessive form, write a C on the line. Multiple select question. Packaging requirements A. responsibility [A] To attract customers What Does Ethical Decision Making Mean?