Study 19 Terms | Philosophy Flashcards | Quizlet [C] The U.S. government will use military force to enforce labor laws.. 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? However, anyone caught violating a law will be immediately fired."
Which of the following are reasons a business should be managed \end{array} tax officials. concern for the welfare of society Sherman Act Which step is the most critical to help improve business ethics? reaches broad and diverse groups \text{Rent Expense} & 11,000 & \text{Dividends} & 4,500 \\ The firm has evolved into a big business due to quality and innovative work. A. pro-current procurement. 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 Shared accountability among employees. Discrimination and Harassment. reducing most costs Studies have shown that what most influences a company's effectiveness and financial performance is: responsible management of human resources, Which of the following behaviors are illegal in the United States, but potentially put our companies at a disadvantage in overseas markets? ignoring both ethical and unethical behavior the collection of laws to protect society from fraud, theft, and violence. B. helping others A business should be managed ethically for many reasons to maintain a good. increased financial donations to local areas but pulled away from national and global contributions. ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. (D) long jail terms for those who acted unethically. Your boss has prepared some questions for you to consider. C. Expanding opportunity by providing punishments for violations of the rules D. Overlooking violations of codes of ethics demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. If an ethical tone is set at the top and followed by management, everyone who works there will hold themselves and each other to those standards. 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 about being fair and honest with their stakeholders allows them to reach specific groups more directly, allows them to connect directly with customers [D] allows them to connect directly with customers. corporate beneficial management Multiple choice question. (B) are limited to the United States Multiple select question. Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. How are these two rates measured? D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution.
Business Ethics: Definition, Principles, Why They're Important (B) lack of trust in the free market system The You Design, We Build Company makes custom furniture of all kinds. 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. school districts An ethically managed business helps to reduce employee turnover. unethical In turn, employees will trust that their leadership team is working toward the greater good of the entire company. ______________- ________________ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. Distributors. 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. Which of the following is NOT a part of an integrity-based ethics code? True
Marilena Crsteanu - International Customer Experience Advisor leaving unethical behavior unpunished _____________________ _____________________ _____________________is a business's concern for the welfare of society. (nervous). Positive Effects of . A code of ethics builds trust and credibility in an organization and creates a culture of open and honest communication. Are Workplace Politics Destroying Your Business? According to recent U.S. Census Bureau research volunteerism is at an all time high, but, 3 out of 4 citizens do not give any time to the communities in which they live. D. Improved awareness of the relevant laws. Maria Juarez is a professional tennis player, and your firm manages her money. Ethical management generates trust, and trust increases productivity. social impact program. Increased control over employee actions. China is a communist country. List the most influential on top. [C] can be trusted to maintain confidentiality \text{Insurance Expense} & \$ 2,000 & \text{Salaries Expense} & \$ 37,000 \\ Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. Explanation D. guideline. For many years Futura Company has purchased the standard that it installs in its standard line of farm tractors. A few months ago, Paulie's Pizza House, a large nationwide chain of restaurants, purchased one of its competitors, Italian Stallion Pizza Stations, for $800 million. [A] few losses to investors Trustworthiness. integrity-based ethics This sort of behavior is not limited to the workplace; it can be present in every facet of life. A set of formalized rules and standards that describe what a company expects of its employees is called a(n) 43% of consumers have stopped buying from brands they find unethical and 71% say they carefully consider corporate values when making a purchase. Multiple select questions. Which of the following are examples of outside stakeholders that must be told about a company's ethics program? Article. B. an individual's behavior is influenced by the behavior of others. clarifying what green means the federal government It is essentially a moral compass. Explanation Ethical standards are different from country to country. \text{Cash} & 7,000 & \text{Equipment} & 26,600 \\ Practice deception regarding product safety issues. Businesses that violate ethics and engage in illegal activities can be subject to costly fines and lawsuits. Amber was observing an example of the ___________ followed at this organization. This approach to ethics assumes a society comprising individuals whose own good is inextricably linked to the good of the community. G. R. Laczniak, M. W. Berkowitz, R. G. Brooker, and J. P. Hale (1995) provided evidence that business leaders feel unfairly . 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. It is a set of guidelines for dealing with various procedures ethically. B. an individual's behaviour is influenced by the behaviour of others. They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations. Mistakes and misunderstandings are bound to happen in any work setting.
Rohit Sharma - Lead Technical Product Manager - LinkedIn A reputation for positive ethical behavior entices more potential clients, customers and partners to work with you. D. Outsourcing practices Establishing an ethical culture starts with company leadership and involves ongoing emphasis that ethical standards are respected. (C) attract and retain better employees Safe working conditions C. providing all relevant information about current and projected performance of the firm.
_______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. C. Accounting fraud B. focus on cost and quality control systems within your organization. decreased financial donations but encouraged their employees to volunteer their time to corporate social initiatives and projects. A. you need to justify socially responsible behaviour from an investors standpoint only. 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. ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. She has asked you to give her information about what determines the level of various interest rates. [B] allowing management to decide the outcomes of investigations B. Horn blower Love to build enthusiastic and energetic teams and be a step ahead the expectations of my clients inside and outside the organization. Besides environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ True C. often experience customer loyalty problems. In running a successful business, a key factor in that success will be the ethical and moral standards of yourself, your leaders, and your entire team. Conversely, when unethical behavior was commonplace, the quality of service had a much-diminished impact on the success of business operations. A. reduced employee turnover. 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. A. Diversity and discrimination B. Sarbanes-Oxley Ruling D. Outsourcing practices 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. They should display behavior that is honest and fair in their relationships with co-workers and their clients. We covered: How data teams can actually design ethical ML models, after . Top management 1.
Thinking Ethically - Markkula Center for Applied Ethics D. companies who are perceived as being socially responsible will ultimately earn more profits for their "It's an ongoing phenomenon that must be better understood and managed and . promotions, The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong.
The Importance of Business Ethics | Maryville Online A New Model for Ethical Leadership - Harvard Business Review They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. 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. C. It is the law in the U.S. D. Employees. D. the nation's business schools that tolerate unethical behaviour in students. [A] is costly, but worthwhile in reaching specific customers opportunity influence ethical behavior varies among those who are interested in corporate responsibility. D. Ethical financial reporting practices, Resource procurement and consumption practices, 39. The following data have been assembled for the business: InsuranceExpense$2,000SalariesExpense$37,000ServiceRevenue80,000AccountsPayable4,300UtilitiesExpense500OfficeSupplies1,500RentExpense11,000Dividends4,500CommonStock8,500AccountsReceivable7,500Cash7,000Equipment26,600RetainedEarnings,Jan.1,20164,800\begin{array}{lrlr} True false question. Top management Though discrimination and harassment laws have been put in place and continue to be updated .
How Managers Can Encourage Ethical Behavior | Principles of Management In a business setting, ethical behavior applies to any employee, team lead or supervisor. TV ads fairness, honesty, openness, _____________________________are insiders who report illegal or unethical behavior. In "Two Kinds," how does the narrator feel after the talent show? True false question. She was even _____ after her solo than before. An important factor in enforcing ethics codes is selecting a(n) ________ ________. responsible management of human resources, responsible management of human resources.
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