Ethics is a ____________________ concerned with the meaning of all aspects of
human behavior. - CORRECT ANSWER-branch of philosophy
Ethics - CORRECT
... [Show More] ANSWER-encompasses the principles that guide a person's
behavior (what's right and what's wrong)
Legal - CORRECT ANSWER-denotes an act that is permissible or in conformity with the
law of the land
Legal-ethical - CORRECT ANSWER-when the law and personal or organizational ethics
are in accordance with each other
Legal-unethical - CORRECT ANSWER-dilemma in which established laws are not in
accordance or do not uphold the ethical choice
Illegal-ethical - CORRECT ANSWER-dilemma in which the ethical choice would be in
violation of established laws
Personal ethics - CORRECT ANSWER-guide interactions with others, both personally
and professionally
What are some of the factors that influence someone's personal code of ethics? -
CORRECT ANSWER-Family & community, personal beliefs, experiences, and culture
Values - CORRECT ANSWER-the stable, enduring goals that a person has for life
Morals - CORRECT ANSWER-sets of rules that individuals develop based on cultural
norms and beliefs
Organizational ethics - CORRECT ANSWER-a branch of applied ethics that focuses on
rules, principles, and standards in the context of business activities
If an organization can create an ethically oriented culture they are more likely to do
what? - CORRECT ANSWER-Hire people who behave ethically
4 main levels of ethical issues within an organization: - CORRECT ANSWER-1.)
societal issues
2.) stakeholder issues
3.) internal policy issues
4.) personal issues
Describe societal issues relating to ethics within an organization - CORRECT
ANSWER-1.) concerns issues relating to the world as a whole
2.) involvement happens because of the ethics the organization creates out of care and
concern for individuals
Describe stakeholder issues relating to ethics within an organization - CORRECT
ANSWER-1.) concerns policies that affect its customers, employees, suppliers, and
people within the community
Describe internal policy issues relating to ethics within an organization - CORRECT
ANSWER-1.) concerns internal relationships between a company and its employees
2.) examples include fairness in management, pay, and employee participation
Describe personal issues relating to ethics in an organization - CORRECT ANSWER-1.)
concerns how people treat others in their organization
2.) examples include gossiping at work or taking credit for another's work
Corporate Social Responsibility (CSR) - CORRECT ANSWER-a philosophy in which a
company voluntarily engages in actions that benefit society at large
Stakeholders are: - CORRECT ANSWER-unions, the company's employees, investors,
suppliers, consumers, local & national governments, and communities that may be
affected by corporate activities such as construction, manufacturing, and pollution
The goal of CSR: - CORRECT ANSWER-to increase long-term profits and shareholder
trust through positive public relations and high ethical standards to reduce business and
legal risks by taking responsibility for corporate actions
World Trade Organization (WTO) function: - CORRECT ANSWER-govern global trade
by overseeing the implementation of trade agreements between nations
A company develops a program to help guide employees in decision-making and
defines expectations for accepting gift from clients.
What is the name of the program? - CORRECT ANSWER-compliance and ethics
Code of ethics - CORRECT ANSWER-establishes the organization's key values and
describes the company's obligation to its stakeholders
Greenwashing - CORRECT ANSWER-ethical commitments and statements run
contrary to actual practices in an effort to be seen as a more positive entity or more
environmentally friendly
Internal transparency - CORRECT ANSWER-described as the ability of all individuals in
an organization to exist in a system of openness, communication, and accountability
Sarbanes-Oxley Act (SOX) - CORRECT ANSWER-1.) mandates reporting transparency
in areas ranging from finance to accounting to supply chain activities; basically this law
makes it both unethical and illegal to deceive shareholders, creditors, and the public at
large
2.) passed in response to several highly publicized corporate fraud cases
3.) grants protection to whistleblowers
Whistleblowers - CORRECT ANSWER-those who tell the public or the authorities about
alleged misconduct in a government department, private company, or organization
A large manufacturer of ice cream products has a core value of "making the world a
better place." However, it was discovered that the manufacturer sourced their main raw
ingredient from a company that used practices considered detrimental to the well-being
of animals.
Which situation is occurring with this discrepancy? - CORRECT ANSWERGreenwashing
The top management of a publicly traded company has been cited for violation of the
transparency standards with respect to their financial and accounting reporting
practices.
Which law has this company violated? - CORRECT ANSWER-Sarbanes-Oxley Act
(SOX)
A group of employees discovered alleged misconduct by senior managers of their
company and leaked information about the situation to the press and general public.
What is term for this group of employees? - CORRECT ANSWER-Whistleblowers
The top management of a company implemented a policy in which all employees can
attend the board meetings so they can be present when important decisions are made.
Which practice is being followed by this company? - CORRECT ANSWER-Internal
transparency
A company leader facilitates a planning meeting to engage everyone in the company's
decision to use postconsumer recycled materials in its packaging. Which impact does
this meeting have on the organization? - CORRECT ANSWER-It increases employee
awareness.
A senior manager makes an effort to engage in corporate social responsibility (CSR)
activities to build the company's reputation. Which action should the manager take to
continue to move towards this goal? - CORRECT ANSWER-Pay fair wages to the
employees
A chief executive officer (CEO) of a company that engages in corporate social
responsibility is trying to cut costs. As a result, the CEO decides to move the operations
overseas to a country with low wages and plans on paying a more than the prevailing [Show Less]