a business should be managed ethically because

Intro-Into-Business: Ch. 4 Learn Smart Flashcards | Quizlet Your boss has prepared some questions for you to consider. B. varies even among those who are interested in corporate responsibility. D. stockholders. Workplace and colleague wellbeing. Which of the following describes charitable donations by corporations to nonprofit organizations? the collection of laws to protect society from fraud, theft, and violence. 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. 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 . Multiple choice question. C. Investor relations Defines an organization's guiding principles. Noones;C\underline{\text{\color{#c34632}No ones; C}}Noones;C. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. (C) gains for investors in 2008 and 2009 How can. 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. B. improve corporate profits. Use the context of the sentences and what you know about the Latin root -cred- to explain your answer to each question. C. Increased penalties for code violators. Packaging requirements C. Expanding opportunity by providing punishments for violations of the rules D. Overlooking violations of codes of ethics (D) 3 out of 4 citizens volunteer, but cheat on their taxes, Using information from the internet or other sources without giving credit to the author is, The strong relationship between academic dishonesty and dishonesty at work is likely to punishing unethical behavior and rewarding ethical behavior privately C. Watch tower sentinel Businesses should create and display their code of ethics publicly. Business ethics concerns ethical dilemmas or controversial issues faced by a company. reducing regulations about labeling Which of the following are reasons a business should be managed ethically? Which of the following is NOT a part of an integrity-based ethics code? I believe AI should be built responsibly and produce ethical outcomes. The last recession changed the way many companies offer support to people and communities in need. A number of ethical scandals in the past decade have raised awareness of ethical issues in business. [B] most of those who caused the crisis going to jail social audit. A legal provision known as the _______________ provides a "bounty" provision for whistleblowers whose actions result in a legal conviction. C. An ethics office must be set up. In the long run, they believe Explanation called stakeholder interest It also builds customer loyalty over time, creating a customer base that is likely to refer your business to others. E. Consumer safety information, Which of the following is NOT one of the "Business System Design and Development" responsibilities? Resource procurement and consumption practices Corporate social responsibility describes the firm's: A. responsibility to their stockholders. \text{Variable manufacturing overhead} & \text{0.60}\\ If youre concerned your company culture isnt rooted in ethical behavior, consider taking corrective action to reduce and prevent further unethical activities by employees. TRUE There are many reasons why a business should be managed ethically : ( 1 ) to maintain a good reputation , ( 2 ) to keep existing customers , ( 3 ) to attract new customers , ( 4 ) to avoid lawsuits , ( 5 ) to reduce turnover , ( 6 ) to avoid government intervention , ( 7 ) to please customers , employees , and society , and ( 8 ) because it is the right thing to do . Source interviews were conducted for a previous version of this article. because strict global regulations require it, learned by observing the actions of others in the organization. _______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. Those who have others interests in mind when they make decisions are displaying ethical behavior. Multiple choice question. [A] for the welfare of society as a whole \text{Cash} & 7,000 & \text{Equipment} & 26,600 \\ B The moral and ethical standards by which leaders are judged are far stricter than in the past. 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? Which of the following statements is false? penalizing wrong-doers, increasing control B. a failure of leadership to establish ethical standards. (D) businesses cannot succeed in societies that fail. fascism Target is a business. [B] share all information with managers when requested Unethical behavior has consequences for future business, including heavy fines, expensive lawsuits and reputational damage. All else held equal, socially responsible firms: A. are viewed more favourably by consumers. Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. The concern businesses have for the welfare of society, not just for their owners is: 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. Top management Which of the following should help reduce the incidence of unethical behavior in an organization? In fact they contribute to it: 1. 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. The best way to instill a culture of ethics among your employees is to lead by example and maintain a clear zero-tolerance policy on specific unethical behaviors, such as lying, cheating, stealing and fraud. penalizing wrong-doers. True false question. Customer care professional with experience in building customer loyalty, analyzing customer behavior, creative customer relationship . Multiple choice question. 1. A business starts with the correct usage and allocation of finances and cost management. Multiple Choice A business should be managed ethically because Multiple select question. (D) affect hiring practices very little. HR professionals sometimes face ethical or moral dilemmas. Harassment and discrimination are arguably the most prominent contemporary ethical issues in business today. (B) are limited to the United States E. All of the answers are correct. A process-oriented approach toward data ethics is well suited for data enthusiasts with limited resources in the fast-changing world of new technologies. Dont make ethics an afterthought in your company culture. it reduces laws and regulations CSR can lead to even more profits. A. Internet Jake serves on a committee of employees who were charged with selecting three co-workers to honor at the holiday banquet. Multiple choice question. Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? Which of the following is a reason why a business should be managed ethically? Why Should Businesses Act Ethically? - Business Ethics and Corporate Part-time co-worker 3. 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: Top management at Lancer Distributing is convinced that they have a social responsibility to their community. Personal projects separating themselves from suppliers who violate. additional taxes 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. C. Corporate strategy [D] allows them to connect directly with customers. This includes managers and subordinates, peers and clients. A reputation for positive ethical behavior entices more potential clients, customers and partners to work with you. When there is a standard of accountability at an organization, its people hold themselves and their peers to a standard of responsibility. (B) 3 out of 4 citizens think they should be paid for their volunteer work An important factor in enforcing ethics codes is selecting a(n) ________ ________. All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. Why Is Ethical Decision Making Important? - Lisa Jeffs Business principle (3) Flashcards | Quizlet employees and internal public relations Prepare computations showing how much profits will increase or decrease as a result of making the starters. Top leaders from other countries have been charged with bribery. This is somebodyelse\underline{\text{somebody else}}somebodyelse notebook. Many businesses believe that they should have an influential and important role in: Societies set the standards for moral behavior, known as, About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through __________ work. Corporate social initiative refers to a company taking the initiative to utilize its expertise and resources to make a situation better. A leader designing an ethical culture should try to create contexts that keep ethical principles top of mind, reward ethics through formal and informal . 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. The mortgage bankers and real estate companies who helped create the financial crisis of 2008 were driven by, Financial and political leaders can restore trust in the free market system by: This is an example of corporate: whistleblowers. What Are Business Ethics and Why Are They Important? Multiple select question. . 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! As a product manager I have to wear different hats every day and I excel at . The side effects are so great that the society urges that the business should always be ethically and socially responsible. Ethical behavior includes honesty, fairness, integrity and understanding. . C. helps government officials develop appropriate legislation. Additionally, business ethics can help to build trust between the organization and its stakeholders. Multiple select questions. Discrimination and Harassment. ______________ ____________ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. A systematic evaluation of a company's progress toward implementing socially responsible programs is known as a(n)___________________ __________________ . social media. All successful businesses communicate effectively. Safe working conditions False. [A] it reduces employee turnover Multiple Choice [D] requiring all bankers to sign ethical codes. Marketing, Finance, Sales), technical roles (e.g. [D] To avoid lawsuits, Effective ethics officers: Economist Milton Friedman believed that a business's only social responsibility was to make ____________ for its owners and that anything else was socialism. D. fail to earn sufficient profits for their owners. Companies who are percieved as being socially responsible will ultimately earn more profits for their investors. Ignoring hazardous job conditions that exist in the company's facilities integrity-based Explanation True or false: Social responsibility and ethical problems exist primarily in the U.S. because we have more laws about those problems. Noone\underline{\text{No one}}Noone attitude has improved as much as his\underline{\text{his}}his has. First and foremost, father of 5 and grandfather to 3. I am passionate about healthy communities and business, especially the lifeblood of Australia's economy - small business. B. Dodd-Frank Wall Street Reform and Consumer Protection Act. Chenda Bunkasem is head of machine learning at Undock, where she is focusing on using quantitative methods to influence ethical design. Organizational ethics begins Multiple Choice at the top levels of management. D. concern for the welfare of society. Are Workplace Politics Destroying Your Business? Rohit Sharma - Lead Technical Product Manager - LinkedIn 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. It is the right thing to do. How to Fix a Toxic Workplace, The Best Employee Monitoring Software for 2023. An important reason for a company to maintain its ethical reputation is Government and business leaders are being held to [D] They may choose to cancel orders when there are environmental abuses. D. Mayhem InsuranceExpenseServiceRevenueUtilitiesExpenseRentExpenseCommonStockCashRetainedEarnings,Jan.1,2016$2,00080,00050011,0008,5007,0004,800SalariesExpenseAccountsPayableOfficeSuppliesDividendsAccountsReceivableEquipment$37,0004,3001,5004,5007,50026,600. Decorating Arrangements has just completed operations for the year ended December 31, 2016. 43% of consumers have stopped buying from brands they find unethical and 71% say they carefully consider corporate values when making a purchase. [B] allowing management to decide the outcomes of investigations A. If a business fails in meeting its responsibilities to its employees, all of the following are likely to occur except: Supervisor corporate social responsibility, Corporate social responsibility is when businesses are concerned general guiding values ethical standards that are often unreasonable and cannot be met by most leaders. managerial policy, Studies have shown that what most influences a company's effectiveness and financial performance is: A. code of ethics. [B] They may choose to cancel orders when there are human rights abuses. Deceptive advertising of medicines and toys Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? D. Outsourcing practices Ethics in Management | Encyclopedia.com vigilantes. I . True or false: Individuals have social responsibilities regarding their ethical behavior in the business world. Motivation. When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: 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: Attracting and retaining better employees is an example of a corporate social responsibility: Unethical behavior in business, especially in the real estate and banking industries, has resulted in investors. D. buying the company's products. increased their financial donations because they understood how badly society needed a helping hand. C. Research practices Reevaluating its ethics codes based on the input of its customers. 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? How to Manage a Business Effectively (7 Key Elements)

a business should be managed ethically because 2023