a business should be managed ethically becausebest rock hunting in upper peninsula

C. limiting the opportunity to behave unethically by providing rewards for violations of the rules and (D) businesses cannot succeed in societies that fail. [B] reaches broad and diverse groups decreased financial donations but encouraged their employees to volunteer their time to corporate social initiatives and projects. ethical officers \text{Direct labor} & \text{2.70}\\ Maximizing ethical conflict in work groups The _____________ _________________is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. separating themselves from suppliers who violate. The last recession changed the way many companies offer support to people and communities in need. School McMaster University; Course Title COMMERCE 1E03; Type. setting a good example. Nike suffered criticism due to its __________ _____________ violations in their overseas manufacturing facilities. 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. allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: Organizational ethics begins Multiple Choice at the top levels of management. higher ethical standards than in the past. B. About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through _________________work. An important reason for a company to maintain its ethical reputation is 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. An integrity-based ethics code defines the organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability. Which step is the most critical to help improve business ethics? D. Outsiders must be told about the ethics program. According to recent U.S. Census Bureau research volunteerism is at an all-time high, but She has asked you to give her information about what determines the level of various interest rates. D. structure and strategy. D. expanding the opportunity to behave ethically by providing punishments for following the rules. Top management 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. aggregate independent appraisal. Due to a reduction in output, the company has idle capacity that could be used to produce the starters. socially conscious research organizations. ______________- ________________ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. Which of the following represent examples of how corporations set positive standards of ethical behavior? for the welfare of society as a whole, about being fair and honest with their stakeholders We covered: How data teams can actually design ethical ML models, after . 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. (D) affect hiring practices very little. ______ of the ethics code in a timely manner is the most forceful way to communicate its importance. technical policy A. guilt payments. 43% of consumers have stopped buying from brands they find unethical and 71% say they carefully consider corporate values when making a purchase. Supervisor Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma? An important factor in enforcing an ethics code is: ethical standards in the U.S., but unfortunately foreign leaders are not being subjected to ethical scrutiny. A well-implemented ethics program can also reduce losses. Dodd-Frank Wall Street Reform and Consumer Protection Act D. Ethical financial reporting practices, Resource procurement and consumption practices, 39. B. Whistleblowing C. Plagiarism Multiple choice question. social justice. Shared accountability among employees. 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. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. (B) going to save money by not hiring those who are disabled D. Improved awareness of the relevant laws. That person called five of his relatives and several friends. \text{Insurance Expense} & \$ 2,000 & \text{Salaries Expense} & \$ 37,000 \\ [C] lack of trust in the free market system E. help restore confidence in Corporate America and Canada. The common good is a notion that originated more than 2,000 years ago in the writings of Plato, Aristotle, and Cicero. providing safety equipment and training for their workers, increasing the diversity of their workforce True false question. additional taxes All else held equal, socially responsible firms: A. are viewed more favourably by consumers. demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. The You Design, We Build Company makes custom furniture of all kinds. C. Accounting fraud B. It may just be the cornerstone of your success. A reputation for positive ethical behavior entices more potential clients, customers and partners to work with you. Managing data ethics | Deloitte Insights Defines an organization's guiding principles. Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. If a business fails in meeting its responsibilities to its employees, all of the following are likely to occur except: Managing Business Ethics - Ethical Systems The rent charge above is based on space utilized in the plant. Sarbanes-Oxley Ruling D. help investors recoup their losses. \end{matrix} \text{Cash} & 7,000 & \text{Equipment} & 26,600 \\ [B] passing laws to make accounting records more transparent 051-Methods for Designing Ethical, Human-Centered AI with Undock Head Use the context of the sentences and what you know about the Latin root -cred- to explain your answer to each question. C. energy consumption The most basic question in an ethics-based management system is. [A] They will bribe local officials to change their policies. Why Should Businesses Act Ethically? - Business Ethics and Corporate On the line provided after the sentence, write the possessive form of the underlined words. Multiple select question. \text{Rent Expense} & 11,000 & \text{Dividends} & 4,500 \\ D. management is insensitive to ethical issues. It is a set of guidelines for dealing with various procedures ethically. profitable charities A. allows them to reach specific groups more directly, allows them to connect directly with customers Scandals. Amber was observing an example of the ___________ followed at this organization. C. to attract new customers and retain existing customers. For example, international bank HSBC was subject to a decade-long enforcement action costing it $1.92 billion after the federal government determined the institution violated money-laundering laws and sanctions rules. enjoy greater employee loyalty Rank the following jobs according to their importance in influencing the implementation of ethical standards. \text{Service Revenue} & 80,000 & \text{Accounts Payable} & 4,300 \\ Should an instance occur, the result could be devastating to your company's finances and reputation. D. to please customers, employees, and society. \text{Retained Earnings, Jan. 1, 2016} & 4,800 & & \\ Management ethics can factor into issues including coworker interactions, conflicts of interest, customer safety, honest advertising, customer information security and the responsible use of corporate resources. The 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. Business Ethics - Overview, Examples, Components of Business Ethics The term business ethics refers to the set of moral principles that guides a company's conduct. punishing unethical behavior and rewarding ethical behavior privately 1. [D] They may choose to cancel orders when there are environmental abuses. actual ethics. 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. B. varies even among those who are interested in corporate responsibility. (A) it prevents government audits How to Manage a Business Effectively (7 Key Elements) Explanation Although this was a noble act, Jake knew that the hero was frequently negligent about wearing his own headgear. 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. True or false: Many investors believe that by choosing to put their money into companies whose goods and services benefit society, they can improve society's financial health as well as their own. 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. 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. Vanessa recognizes this as a(n) ________-based code of ethics. Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. E. All of the answers are correct. The first area is productivity. allows them to reach specific groups more directly. D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. compliance-based Explanation <br> I believe AI should be built responsibly and produce ethical outcomes. Though there are many ethical opinions that most people share, ethics will differ from person to person. \text{Variable manufacturing overhead} & \text{0.60}\\ The benefit of using __________ to communicate a business's CSR efforts to the public is that it allows companies to reach broad and diverse groups directly in a low-cost, efficient way. Supervisor 2. He also believed anything other than that would be considered: socially conscious research organizations. B. limiting the opportunity to behave unethically by providing punishments for violations of the rules and Depreciation is due to obsolescence rather then wear and tear. It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. reaches broad and diverse groups (C) gains for investors in 2008 and 2009 Multiple choice question. A. It is actually a structure of moral principles and code of conduct applicable to a business. Multiple choice question. If the verb is already correct, write C above it. Top leaders from other countries have been charged with bribery. Multiple Choice it reduces laws and regulations E. filing complaints with the company. Although these actions were not part of the mandatory waitstaff training, Amber perceived that waitstaff members who were not helping out were not viewed as team players by the majority of employees. Which of the following is NOT one of the "Attracting, Retaining and Managing Talent" responsibilities? Socially conscious investors insist that a company extend its own high standards to its ____________________. Ethical problems such as influence peddling and bribery: Which of the following describes charitable donations by corporations to nonprofit organizations? [C] it reduces the likelihood of lawsuits by employees or customers 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. 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) make employers reluctant to hire those who have cheated Encouraged by the new Sarbanes-Oxley Act, individuals who report unethical or illegal behavior within an organization are All successful businesses communicate effectively. Prepare computations showing how much profits will increase or decrease as a result of making the starters. What occurs when an employee exposes an employer's wrongdoing to outsiders? penalizing wrong-doers. Study 19 Terms | Philosophy Flashcards | Quizlet create an open-door policy, protect them from retaliation shareholders Multiple choice question. Becoming an environmentally friendly business | Business Queensland These actions are Sherman Act Corporate responsibility Employees and management alike can work together to create businesses that have high standards. Explanation is a branch of philosophy that seeks to address questions about moralitythat is, about concepts such as good and bad, right . Government and business leaders are being held to Economic conditions in some developing countries make child labor a necessity for the survival of families. asking suppliers to lower their standards to be in compliance with leaving unethical behavior unpunished By being ethical, leaders can foster an environment that rewards and encourages good attitudes. In turn, employees will trust that their leadership team is working toward the greater good of the entire company. The deliberative system leads to more-ethical behaviors. Suppliers Multiple select questions. unethical [C] conducting objective investigations True or false: Social responsibility and ethical problems exist primarily in the U.S. because we have more laws about those problems. Which of the following should help reduce the incidence of unethical behavior in an organization? A. delight them with a quality product at a fair price. Multiple Choice False. Taking Advantage of the Advantages: Gifts, Bribes, and Kickbacks The motives of those involved in unethical behavior that caused the financial crisis in the real estate, banking, and mortgage industries included: Who sets the standards of right and wrong as defined by ethics? Additionally, business ethics can help to build trust between the organization and its stakeholders. 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. Integrity-driven ethics codes information technology The concern businesses have for the welfare of society, not just for their owners is: 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? E. A criminal lawsuit. Performance-Based Pay Wont Motivate Employees as 10 Development Goals for Better Leadership. A New Model for Ethical Leadership - Harvard Business Review (D) going to lose money by providing pay raises, A business should be managed ethically because statement by Milton Friedman that maximizing shareholder profits is businesses' only responsibility B Safe working conditions 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. 'Business' can mean an activity of exchange. \text{Depreciation} & \text{1.00} & \text{\$ 40.000}\\ The Importance of Business Ethics | Maryville Online When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. An organization's managers instill corporate values and _____________________ in employees by the examples they set. Hence, a business should have a trustworthy source of finance and maintain healthy relations with financial sources like Banks, Financial Institutions, Stakeholders, etc. corporate social responsibility, Corporate social responsibility is when businesses are concerned Often, business ethics involve a system of practices and procedures that help build trust with the. Ethical behavior means your team operates according to fair and transparent standards, not just complying with legal rules or regulatory requirements, but going above and beyond to ensure decisions are applied through an ethical lens. clarifying what green means whistleblowers. ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. It does not subtract from the bottom line; it adds to it. Giving back to society Ethical Marketing - Marketing Schools global policy (C) benevolence is the highest virtue 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. Full-time co-workers 3. If an underlined word is already in the correct possessive form, write a C on the line. 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. using recyclable packaging Integrity-based ethics codes This guide breaks down the importance of business ethics and how to establish an ethical culture in your company. Ethical behavior has significant upfront costs which may never be recovered. Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. E. all of the answers are correct. _______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. ______________ ____________ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. separating themselves from suppliers who violate increasing the diversity of their workforce Less than 202020 percent of the eligible voters has\underline{\text{has}}has an opinion about that subject. The primary value of using social media to communicate CSR efforts is that it allows companies to reach broad and diverse groups, allows them to connect directly with customers in a low-cost, efficient way, and enables them to interact with specific groups more easily than through more traditional efforts.

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