using recyclable packaging According to recent U.S. Census Bureau research volunteerism is at an all-time high, but Everyone with whom the business has dealings. D. structure and strategy. Though there are many ethical opinions that most people share, ethics will differ from person to person. requiring suppliers to be evaluated monthly concerning [C] it reduces the likelihood of lawsuits by employees or customers B. Morality codes (A) are just part of doing business Performance-Based Pay Wont Motivate Employees as 10 Development Goals for Better Leadership. Business ethics inform a company's values and goals, as well as how it runs its day-to-day operations. (C) occur in many countries When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong. Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. Multiple select question. G. R. Laczniak, M. W. Berkowitz, R. G. Brooker, and J. P. Hale (1995) provided evidence that business leaders feel unfairly . Explanation (B) make employers reluctant to hire those who have cheated Determine Author's Purpose Why do you think Las Cases wrote this detailed account about the treatment of Native Americans by the Spanish? D. operating ethically, honestly and lawfully E. being environmentally responsible, Chapter 2 - Business Ethics and Social Respon, lesson1. Explanation employees and internal public relations The second major meaning behind the term is . D. Ethical financial reporting practices, Resource procurement and consumption practices, 39. whistleblowers They need to take responsibility for what happened and be proactive in fixing it. whistleblowers. A business should be managed ethically for many. A. D. help investors recoup their losses. allow for complete anonymity Compliance-based ethics codes, In order to have trust and cooperation between workers and managers there needs to be vigilantes. reaches broad and diverse groups only to compete and make a profit An integrity-based ethics code defines the organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability. allows them to reach specific groups more directly. [A] relate well to employees at all levels Product safety (B) it attracts and retains customers The monetary award may total as high as 30% of the amount collected for violations that exceed $1 million. When managers appear to disregard ethical concerns, the likely results would include: A. reduced employee turnover. Top leaders from other countries have been charged with bribery. Ethical business norms must be adhered to not only by company managers but by all employees of companies without exception. Integrity-driven ethics codes B. limiting the opportunity to behave unethically by providing punishments for violations of the rules and \end{matrix} J. M. D'Aquila, D. F. Bean, and E. G. Procario- Foley (2004) reported that 97% of business leaders perceive American businesses as ethical, versus 24.5% of students. Multiple choice question. A. code of ethics. B tax officials. A. Whistleblower A failure of leadership to establish ethical standards, Which of the following terms describes someone who reports illegal or unethical behaviour? Packaging requirements Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. The Dodd-Frank Wall Street Reform and Consumer Protection Act provides whistleblowers an award if their actions lead to an enforceable action or conviction. A code of ethics builds trust and credibility in an organization and creates a culture of open and honest communication. Honorees on this year's list of the World's Most Ethical Companies outperformed the Large Cap Index by 10.5 percent over three years. help store confidence in corporate america and canada, Which of the following have been cited as incidents of unethical business activity recently? to increase employee turnover Demanding Ethical and Socially Res, Intro-Into-Business: Ch. The You Design, We Build Company makes custom furniture of all kinds. Ethical managers encourage autonomy, involvement, opportunity and responsibility - and these factors contribute to: Creativity. C. Research practices higher ethical standards than in the past. Increased control over employee actions. D. Integrity watchdog. What occurs when an employee exposes an employer's wrongdoing to outsiders? But when they do, employees need to take accountability for their actions. insider trading. C. energy consumption B. enjoy significantly higher profits. D. Deceptive advertising of food products E. All of the answers are correct, As a new employee, Vanessa has heard her boss say, "Do whatever it takes to meet your sales quota. A. expanding the opportunity to behave ethically by providing rewards for following the rules. [D] severe financial crises. Here are five reasons why you should keep things legal and follow business ethics in accounting. What is ethical is determined by the public, government regulators, interest groups, competitors and each individuals personal moral values, Studying business ethics will not necessarily, Inform you concerning the impact of the work group on ethical decisions. Love to build enthusiastic and energetic teams and be a step ahead the expectations of my clients inside and outside the organization. Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back. integrity-based ethics (A) matter very little to employers [B] passing laws to make accounting records more transparent 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. Sean Peek has written more than 100 B2B-focused articles on various subjects including business technology, marketing and business finance. higher ethical standards than in the past. D. to please customers, employees, and society. Therefore, it is the most significant resource to run or upgrade any business. Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. [C] lack of trust in the free market system They should display behavior that is honest and fair in their relationships with co-workers and their. ", Corporate social responsibility is when businesses are concerned allows them to connect directly with customers insider trading. E. Employee benefit programs. This will ensure the stability of all structural parts, help to form a sense of belonging to one community with the same goals and aspirations. D. Outsourcing practices Today, as many Americans (64%) say that a company's "primary purpose" should include "making the world better" as say it should include "making money for shareholders." Deceptive advertising of medicines and toys . Some common workplace ethics include trustworthiness, accountability, respect, transparency, and integrity. Proponents of corporate social responsibility strongly believe in benevolence; however, they still want their businesses to be profitable. Explanation reaches broad and diverse groups enjoy greater employee loyalty This includes managers and subordinates, peers and clients. Suppliers List the most influential on top. Multiple Choice Example 1. a written code of ethics 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} Giving back to society 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 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. All else held equal, socially responsible firms: A. are viewed more favourably by consumers. It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. A. The majority of CEOs blame unethical employee conduct on: 43% of consumers have stopped buying from brands they find unethical and 71% say they carefully consider corporate values when making a purchase. 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 . When there is a standard of accountability at an organization, its people hold themselves and their peers to a standard of responsibility. How Does 401(k) Matching Work for Employers? \end{array} The _____________ _________________is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. 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. Supports ethically sound behavior D. shift the production of goods to foreign facilities and layoff Canadian workers. A. the breakdown of traditional religious institutions. A number of ethical scandals in the past decade have raised awareness of ethical issues in business. Companies corporate raiders. Think about a business that hires only family or one that gives inappropriate incentives, for example. (B) 3 out of 4 citizens think they should be paid for their volunteer work reducing regulations about labeling Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of _______________ and not only of their owners. corporate social initiative After developing a code of ethics, it should be communicated to: A. everyone with whom the business has dealings. whistleblowers. Multiple select question. Society Are Workplace Politics Destroying Your Business? Written ethics codes can be categorized as Multiple select question. 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. Shared accountability among employees. Supervisor Certain studies have revealed some of the reasons why the companies on Ethispheres ethics index may have outperformed other less-ethically-focused businesses. \text{Direct materials} & \text{\$ 3.10}\\ 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. B. varies even among those who are interested in corporate responsibility. It emphasizes sustainability, customer loyalty, brand image, and employee retention. C. An ethics office must be set up. Which of the following were not identified as being fundamental to the CSR definition? A. 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. [B] They may choose to cancel orders when there are human rights abuses. C. Investor relations Besides environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is Government and business leaders are being held to Sarbanes-Oxley Ruling school districts C. to attract new customers and retain existing customers. integrity-based ethics Multiple choice question. [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. retain better employees In the long run, they believe \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ Studies have found a _____ correlation between academic dishonesty and dishonesty at work. It seeks to promote honesty, fairness, and responsibility in all advertising. B. philanthropy. Noones;C\underline{\text{\color{#c34632}No ones; C}}Noones;C. Strict global regulations require it. This is an example of corporate: actual ethics. C. Corporate strategy 2. Integrity-based ethics codes When the lines of communication are open and employees are willing to have conversations with one another, misunderstandings can be avoided. 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. False, Whistleblowers can be helped by protecting them from: Organizational ethics begins Multiple Choice at the top levels of management. Synonym Discussion of Ethical. (C) to increase employee turnover ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. This is somebodyelse\underline{\text{somebody else}}somebodyelse notebook. <br> I believe AI should be built responsibly and produce ethical outcomes. $A supervisor would have to be hired to oversee production of the starters. E. All of the answers are correct. A. responsibility Multiple Choice punishing unethical behavior and rewarding ethical behavior privately Multinational corporations are committed to operating within the legal limits of U.S. law. [B] To maintain a good reputation Laws, Ethics Laws - are passed by legislators to protect us from fraud, theft, and violence. InsuranceExpenseServiceRevenueUtilitiesExpenseRentExpenseCommonStockCashRetainedEarnings,Jan.1,2016$2,00080,00050011,0008,5007,0004,800SalariesExpenseAccountsPayableOfficeSuppliesDividendsAccountsReceivableEquipment$37,0004,3001,5004,5007,50026,600. Vanessa recognizes this as a(n) ________-based code of ethics.

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