B. is costly, but worthwhile in reaching specific customers Distributors. This is somebodyelse\underline{\text{somebody else}}somebodyelse notebook. Businesses that violate ethics and engage in illegal activities can be subject to costly fines and lawsuits. Multiple choice question.
Chapter 4 - Homework ( Introduction To Business) - Quizlet B. Whistleblowing C. Plagiarism These examples of ethical behaviors ensures maximum productivity output at work. A low cost, efficient way for companies to connect with specific groups and inform them of corporate social responsibility efforts is ____________________ __________________. an individuals behavior is influenced by the behavior of others.
Managing Business Ethics - Ethical Systems The rent charge above is based on space utilized in the plant. called stakeholder interest When there is a standard of accountability at an organization, its people hold themselves and their peers to a standard of responsibility. Which of the following statements reflects the difficulty companies face when requiring international suppliers to follow environmental and human rights standards set by U.S. firms? Dont make ethics an afterthought in your company culture. D. employee retaliation by doing the minimum needed to get by. Multiple choice question.
What Are Business Ethics and Why Are They Important? Less than 202020 percent of the eligible voters has\underline{\text{has}}has an opinion about that subject. 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. Ethical problems such as influence peddling and bribery: Which step is the most critical to help improve business ethics? shareholders Amber was observing an example of the ___________ followed at this organization. insider trading. commitment to maximizing shareholder profits in all decisions, Insiders, such as employees, who report concerns about a company's accounting or auditing practices are called: (A) likely to perform better financially Multiple select question. Many organizations create a code of ethics, which might include generic guidelines for ethical behavior about doing the right thing or remaining fair.
America's CEOs Seek a New Purpose for the Corporation Typically, it is the kind of information where parties in the know can benefit. Corporate policy refers to the position a firm takes on ______________ and __________________ issues. Business ethics helps to optimize company resources. Which of these actions is LEAST likely to restore the trust of the American public in the free-market system? _____________________ _____________________ _____________________is a business's concern for the welfare of society. About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through _________________work. The business term we use to describe this philanthropic action is ___________________, where a company donates what it does best to help make a situation better. This, then, creates greater stability within the company.. Multiple Choice 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. D. short run profit maximization. Depreciation is due to obsolescence rather then wear and tear. The side effects are so great that the society urges that the business should always be ethically and socially responsible. Noones;C\underline{\text{\color{#c34632}No ones; C}}Noones;C. Ethical issues are limited to for-profit organizations. Should an instance occur, the result could be devastating to your company's finances and reputation. Multiple Choice Which of the following represent examples of how corporations set positive standards of ethical behavior? tax officials. B. maintaining proper accounting procedures. The _____________ _________________is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. True Multiple choice question. 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? 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} Laws, Ethics Laws - are passed by legislators to protect us from fraud, theft, and violence. 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. InsuranceExpenseServiceRevenueUtilitiesExpenseRentExpenseCommonStockCashRetainedEarnings,Jan.1,2016$2,00080,00050011,0008,5007,0004,800SalariesExpenseAccountsPayableOfficeSuppliesDividendsAccountsReceivableEquipment$37,0004,3001,5004,5007,50026,600. investors. Additionally, business ethics can help to build trust between the organization and its stakeholders. Part-time co-worker 3. 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. code of ethics. Business Ethics is important because it helps organizations create a code of conduct that they can rely on to make decisions. 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. It also helps to ensure that employees are treated fairly and that the company is acting in a responsible manner. Multiple Choice Stresses shared accountability Corporate philanthropy
Thinking Ethically - Markkula Center for Applied Ethics Managers Set the Tone The effects of managerial decision making go beyond any single, isolated decision. Which of the following are examples of outside stakeholders that must be told about a company's ethics program? Reevaluating its ethics codes based on the input of its customers. Strict global regulations require it. C. diversity Specific decisions made by your organization, whether by an individual or the entire group, can have a massive impact on how your company is viewed and the reputation it cultivates for itself. Corporate social responsibility is a business's concern for: Those who oppose corporate social responsibility believe that asking suppliers to lower their standards to be in compliance with Fraud [A] To attract customers When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. [A] making the charges public before the investigation Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. A. Internet Though discrimination and harassment laws have been put in place and continue to be updated . higher ethical standards than in the past. In fact, data collected by Ethisphere, an organization that tracks the ethical conduct of the worlds largest companies, found that the businesses listed on its 2022 list of most ethical companies outperformed an index of similar large cap companies by 24.6 percent overall. separating themselves from suppliers who violate. it attracts and retains customers Multiple select question. First and foremost, father of 5 and grandfather to 3.<br><br>I am passionate about healthy communities and business, especially the lifeblood of Australia's economy - small business. B. enjoy significantly higher profits. CSR can lead to even more profits. According to recent U.S. Census Bureau research volunteerism is at an all-time high, but social justice. [D] allows them to connect directly with customers. protect them from retaliation demanding that international suppliers adhere to higher, more costly standards than their American counterparts. It also builds customer loyalty over time, creating a customer base that is likely to refer your business to others. ______________ ____________ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. Periodically asking every employee to evaluate the company's ethics performance. punishing unethical behavior and rewarding ethical behavior privately 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. Top management C. An ethics office must be set up. Need help writing your own self-assessment for a performance 26 Great Business Ideas for Entrepreneurs, The Best Small Business Government Grants in 2023.
Chapter 4 LearnSmart Quiz Flashcards | Quizlet Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. (C) occur in many countries communism, Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: [B] passing laws to make accounting records more transparent Ethics is a notoriously difficult subject because everyone has subjective judgments about what is "right" and what is "wrong.". Integrity-based ethics codes True Ethical behavior can have negative consequences to the bottom line in the long run. Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? Sean Peek has written more than 100 B2B-focused articles on various subjects including business technology, marketing and business finance. not concerned with the ethical or socially responsible behavior of their international suppliers. [B] most of those who caused the crisis going to jail Explanation China is a communist country. 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, Chapter 18 APUSH The Victorian Era 1880-1917. Defines an organization's guiding principles. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. On the flip side, a leader who personifies ethical behavior will be fair in all situations. C. energy consumption Corporate social responsibility (CSR) is the concern businesses have for the welfare and betterment of society. providing safety equipment and training for their workers, 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: because strict global regulations require it Corporate values are: If a business fails in meeting its responsibilities to its employees, all of the following are likely to occur except: B. Dodd-Frank Wall Street Reform and Consumer Protection Act. (A) it prevents government audits 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. This approach to ethics assumes a society comprising individuals whose own good is inextricably linked to the good of the community.
Ethics in the workplace: the ethical manager | HRZone Multiple choice question. 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. What kind of person do you think Paulsen is? D. varies from industry to industry. Deceptive advertising of medicines and toys \end{array} Explanation Italian Stallion stockholders got a very fair deal for the stock they owned in the company. U.S. companies that operate abroad, particularly those who contract with foreign companies, are now ________ human rights and environmental standards followed by U.S. law. Integrity-based ethics codes
How Managers Can Encourage Ethical Behavior | Principles of Management Why Business Should Be Managed Ethically - Liveboardroom.info Trust and cooperation between workers and managers must be based on which of the following? profitable charities allows them to reach specific groups more directly, allows them to connect directly with customers According to Norman Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision? social audit. Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of __________________and not only of their owners. An ethical business will get your employees to respect your company . B. the police in jurisdictions where the business has operations. C. limiting the opportunity to behave unethically by providing rewards for violations of the rules and D. fail to earn sufficient profits for their owners. True false question. In a business setting, ethical behavior applies to any employee, team lead or supervisor. stockholders For example, a code of ethics at a doctors office might include putting the patient first and remaining understanding in tough situations. government-supported direct mail campaigns C. to attract new customers and retain existing customers. E. filing complaints with the company. Top management 4. \text{Total production cost} & \text{\$ 9.20}\\ 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. Multinational corporations are committed to operating within the legal limits of U.S. law. enjoy greater employee loyalty C. providing all relevant information about current and projected performance of the firm. to increase employee turnover leaving unethical behavior unpunished Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. D. maximizing their investment in the firm. There are several ways to encourage an ethical workplace culture, including establishing a companywide code of ethics. Your boss has prepared some questions for you to consider. internal search and occupy organizations. Encouraged by the new Sarbanes-Oxley Act, individuals who report unethical or illegal behavior within an organization are Multiple Choice it reduces laws and regulations 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. allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: social media. 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 main principles of business ethics are based in academia and on academic writings on proper business operations. Full-time co-workers 3. Morality codes
Ethics are the standards of right and wrong set for us by society, whereas legality refers to. 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." lose sales revenues Suppliers I'm a Product Manager with experience working cross-functionally with business roles (e.g.
Taking Advantage of the Advantages: Gifts, Bribes, and Kickbacks The ethical lapses of global companies, such as Enron, Arthur Andersen, and WorldCom, over the span of a few years caused much devastation. additional taxes \text{Depreciation} & \text{1.00} & \text{\$ 40.000}\\ Multiple select question. A reputation for positive ethical behavior entices more potential clients, customers and partners to work with you. D. Outsourcing practices Discrimination and Harassment. capitalism Which of the following statements about business ethics is false? With regard to socially responsible behavior, American businesses are It is the right thing to do. Multiple select question. 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: Multiple choice question. $A supervisor would have to be hired to oversee production of the starters. Which of the following were not identified as being fundamental to the CSR definition?
Demanding Ethical and Socially Res, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Fundamentals of Financial Management, Concise Edition, Natuurwetenschappen eerste jaar examen trimes. \text{Direct labor} & \text{2.70}\\ information technology What does the research into business ethics say? B. A failure of leadership to establish ethical standards, Which of the following terms describes someone who reports illegal or unethical behaviour?
Business Ethics: Definition, Principles, Why They're Important \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ E. law. Business should be managed ethically because Businesses with good reputations attract customers It reduces employee turnover It reduces the likelihood of lawsuits by employees or customers True or false: individuals have social responsibilities regarding their ethical behavior in the business world. Putting Ethical Design into Practice. lower ethical standards than in the past. In the long run, they believe Proponents of corporate social responsibility strongly believe in benevolence; however, they still want their businesses to be profitable.
How to Manage a Business Effectively (7 Key Elements) the collection of laws to protect society from fraud, theft, and violence. False. corporate inclusion policy Other countries also follow capitalist principles. Multiple select question. integrity-based ethics A. reduced employee turnover. Which of the following is not one of the approaches associated with corporate social responsibility? A. An ethically managed business helps to reduce employee turnover.
ERIC - EJ817941 - Using Ethics Vignettes in Introductory Finance enjoy greater employee loyalty Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? corporate responsibility B. D. management is insensitive to ethical issues. 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 . Basic ethical practices have been gleaned through research and practical study of how businesses function, and how they operate, both independently and with one another. Packaging requirements Employees and management alike can work together to create businesses that have high standards. [A] They will bribe local officials to change their policies. A social audit is a systematic evaluation of a company's progress toward becoming a socially responsive organization. Which of the following would least likely involve ethical concerns? Determining what is involved for a firm to be socially responsible: A. is easy.
Cari Miller, MBA, CMP, FHCA - Sr. Principal - LinkedIn List the most influential on top. The corporate scandals can hurt the reputation of firms, the interests of investors and stakeholders, welfare of employees, the life damage or property losses of customers and the damage of environment.