\text{Variable manufacturing overhead} & \text{0.60}\\ True B. philanthropy additional taxes Compliance-based ethics codes separating themselves from suppliers who violate. 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. In addition to researching trends, reviewing products and writing articles that help small business owners, Sean runs a content marketing agency that creates high-quality editorial content for both B2B and B2C businesses. Unethical businesses also lose favor with consumers. whistleblowers How does the action I am proposing to take make me feel about myself? [D] severe financial crises. Which of the following are true regarding ethical behavior? Which of the following is NOT a part of an integrity-based ethics code? firms should take added caution not to support government programs that protect the environment. Morality codes Written ethics codes can be categorized as D. help investors recoup their losses. ______________- ________________ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. Use the context of the sentences and what you know about the Latin root -cred- to explain your answer to each question. of or relating to ethics; involving or expressing moral approval or disapproval; conforming to accepted standards of conduct See the full definition Chapter 4. benevolence can lead to a vote of no confidence by company stakeholders. allow for complete anonymity Which of the following represent examples of how corporations set positive standards of ethical behavior? When the lines of communication are open and employees are willing to have conversations with one another, misunderstandings can be avoided. Ethical standards are different from country to country. B. Horn blower that they can improve their own financial health by investing in companies whose goods and services benefit the community It's the age-old reality: "Out-of-sight, out-of-mind." Practice deception regarding product safety issues. insider trading. Ethics is a notoriously difficult subject because everyone has subjective judgments about what is "right" and what is "wrong.". Ethical behavior positively impacts a businesss financial performance. [A] is costly, but worthwhile in reaching specific customers A legal provision known as the _______________ provides a "bounty" provision for whistleblowers whose actions result in a legal conviction. Article. [D] To avoid lawsuits, Effective ethics officers: Studies have found a _____ correlation between academic dishonesty and dishonesty at work. analysts. China is a communist country. socially conscious research organizations. It is the right thing to do. It is an act that is against the law and against Securities and Exchange Commission policy. The rent charge above is based on space utilized in the plant. Which of the following statements reflects the difficulty companies face when requiring international suppliers to follow environmental and human rights standards set by U.S. firms? It is actually a structure of moral principles and code of conduct applicable to a business. She was even _____ after her solo than before. higher ethical standards than in the past. Multiple Choice Explanation Top leaders from other countries have been charged with bribery, The emergence of the green movement has affected businesses by general guiding values [A] They will bribe local officials to change their policies. D. Outsiders must be told about the ethics program. Business ethics are applicable not only to the manner the business relates to a customer but also to the society at large. Typically, it is the kind of information where parties in the know can benefit. B. D. buying the company's products. 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: An important factor in enforcing an ethics code is: building parks managerial policy, Studies have shown that what most influences a company's effectiveness and financial performance is: 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. (D) businesses cannot succeed in societies that fail. 360 degrees marketeer, business strategy addict, passionate about creative projects and most importantly project teams. to increase employee turnover Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back. About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through _________________work. Emphasizes strong penalties for wrongdoers TV ads __________ ___________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. 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 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. Sean Peek has written more than 100 B2B-focused articles on various subjects including business technology, marketing and business finance. 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. Having constant conversations and reminders makes it less likely an employee will break a rule or have a low-quality output. An environmentally friendly business: operates in a sustainable manner, causing minimal damage to the environment and using renewable resources where possible considers where its supplies come from and how they are madeit will work with environmentally responsible suppliers and source materials locally to reduce its carbon footprint Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? ___________ __________ ______________is a business's concern for the welfare of society. Multiple choice question. Multiple Choice formal and informal. The companys vision, values and mission should be clearly stated and visible to both employees and clients so that the company can be held to those standards. Demanding Ethical and Socially Res, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition, Natuurwetenschappen eerste jaar examen trimes. Team and business confidence. 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 . Employees and management alike can work together to create businesses that have high standards. Its easier for a business to retain employees when they work for a company that they believe in. promotions, The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: Ethical problems such as influence peddling and bribery: E. All of the answers are correct. Paying employees on specified pay dates most of the time. E. A criminal lawsuit. Suppliers U.S. law does not require U.S. firms to comply because of competitive advantage concerns. Corporate social responsibility describes the firm's: A. responsibility to their stockholders. Motivation. [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. This is the third year of operations for the company. D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. internal search and occupy organizations. 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. shift the production of goods to foreign facilities and layoff Canadian workers. Multiple choice question. D. concern for the welfare of society. A. Society Marketing, Finance, Sales), technical roles (e.g. Here are other common examples of ethical behavior: No matter the relationship between two people and what they agree or disagree upon, people within an organization should always respect each other. Due to the fact that it is not yet public, those who act upon the information have an unfair advantage and stand to gain financially. Government and business leaders are being held to is a branch of philosophy that seeks to address questions about moralitythat is, about concepts such as good and bad, right . (D) going to lose money by providing pay raises, A business should be managed ethically because Research into ethics and business performance has shown the two are linked in some important ways. Are Workplace Politics Destroying Your Business? An organization's managers instill corporate values and _____________ in employees by the examples they set. Safe working conditions Multiple select question. During the last recession monetary contributions decreased and companies found ways to continue their philanthropic participation by asking employees to donate time to corporate social initiatives and other projects. 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: B. ability to plan for the unexpected. asking suppliers to lower their standards to be in compliance with punishing unethical behavior and rewarding ethical behavior privately Corporate social responsibility is a business's concern for: Those who oppose corporate social responsibility believe that Fraud 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. <br> I . The monetary award may total as high as 30% of the amount collected for violations that exceed $1 million. [A] it reduces employee turnover The employees of a corporation are stakeholders who are affected by management practices. corporate social initiative 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. Business ethics benefits the bottom line. Integrity-based ethics codes B. limiting the opportunity to behave unethically by providing punishments for violations of the rules and Economic conditions in some developing countries make child labor a necessity for the survival of families. 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. Multiple Choice Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. E. filing complaints with the company. I'm a Product Manager with experience working cross-functionally with business roles (e.g. 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. The amount of pollutants a firm unleashes into the environment would serve as an example of a negative activity that would be included in the social audit measurements. social media. it attracts and retains customers allows them to connect directly with customers fairness, honesty, openness, _____________________________are insiders who report illegal or unethical behavior. An important reason for a company to maintain its ethical reputation is Multiple choice question. (D) long jail terms for those who acted unethically. Need help writing your own self-assessment for a performance 26 Great Business Ideas for Entrepreneurs, The Best Small Business Government Grants in 2023. The last recession changed the way many companies offer support to people and communities in need. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. statement by Milton Friedman that maximizing shareholder profits is businesses' only responsibility ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. The authors start from the assumption that most people wish to behave ethically. A company's effectiveness and financial performance are most affected by responsible _________ _________ management. True or false: Individuals have social responsibilities regarding their ethical behavior in the business world. Reevaluating its ethics codes based on the input of its customers. a written code of ethics 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. draw more customers, Many investors believe (B) have higher turnover There are a wide variety of examples of ethical behavior in the workplace. These define the company's guiding values, and most often it involves shared accountability. Multiple Choice Multiple select question. Supervisor 4. corporate beneficial management Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. The international Day Of Pe, Chapter 3 Doing Business in a Global Markets, 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, Spring 2018 Final Exam Review Chapters 8,9,10. This is especially so when the market is very competitive, because then the customers have a lot of options and could switch to another product or service provider.. Which of the following were not identified as being fundamental to the CSR definition? insider trading. Ethical issues are limited to for-profit organizations. False, Whistleblowers can be helped by protecting them from: actual ethics. \end{matrix} compliance police. Sarbanes-Oxley Ruling False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: A company that has socially responsible human resources management is Supports ethically sound behavior Due to a reduction in output, the company has idle capacity that could be used to produce the starters. D. varies from industry to industry. (C) 4 out 5 citizens volunteer an hour each week E. all of the answers are correct. Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma? Multiple Choice 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. \text{ } & \text{Per Unit} & \text{Total}\\ A. the breakdown of traditional religious institutions.
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