reaches broad and diverse groups Integrity-based ethics codes Are Workplace Politics Destroying Your Business? Research has shown that companies engaged in corporate social responsibility (CSR): that only society's health is improved when they invest in companies whose goods and services benefit the community What kind of person do you think Paulsen is? Write dialogue for an imaginary conversation between the speaker of When We Two Parted" and the person he addresses. Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. 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. Multiple Choice Your boss has prepared some questions for you to consider. Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. D. buying the company's products. The last recession changed the way many companies offer support to people and communities in need. E. filing complaints with the company. These principles govern every aspect of the company's operations, including its interaction with the government and other businesses, its treatment of its employees and its relationship with its customers. When there is a base level of respect established, people take criticism less personally, are able to communicate more openly, and can see and value the other persons perspective. The most basic question in an ethics-based management system is. promotions, The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: A. the breakdown of traditional religious institutions. Whistleblowers are often concerned about retaliation. enjoy greater employee loyalty many Americans decide what's ethical based upon the situation in which they find themselves. An organization's managers instill corporate values and _____________________ in employees by the examples they set. Increasing public concern for the environment created by the ________________ movement has more businesses looking for environmentally friendly ways to do business. Insider trading refers to the discussion or leak of private, proprietary information about a firm that is not yet made public. (B) going to save money by not hiring those who are disabled False, If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: enjoy greater employee loyalty True or false: Corporate Social Responsibility (CSR) and corporate profits can at times go hand in hand. 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 Compliance-based ethics codes focus on: concern for the welfare of society In the study, researchers determined that a higher quality of service positively impacted business operations when ethical adherence was also high. Compliance-based ethics codes 360-review. separating themselves from suppliers who violate A high ethical standard extends to customers as well. Sarbanes-Oxley Ruling Ethical behavior positively impacts a businesss financial performance. This indicates that: A. dancing around issues should be part of a firm's code of ethics. \text{Total production cost} & \text{\$ 9.20}\\ With over 20 years of consulting experience across various industries throughout Australia and abroad, I am known for my ability to develop and turn creative strategies into efficient execution and excellent . Multiple Choice (A) likely to perform better financially If youre concerned your company culture isnt rooted in ethical behavior, consider taking corrective action to reduce and prevent further unethical activities by employees. This sort of behavior is not limited to the workplace; it can be present in every facet of life. secondary market companies. \text{Depreciation} & \text{1.00} & \text{\$ 40.000}\\ A legal provision known as the _______________ provides a "bounty" provision for whistleblowers whose actions result in a legal conviction. (B) it attracts and retains customers [C] lack of trust in the free market system [B] most of those who caused the crisis going to jail Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of _______________ and not only of their owners. B. being socially responsible is all about being ethical. Typically, it is the kind of information where parties in the know can benefit. A. code of ethics. They believe that they can have the greatest impact in this area through cash contributions to nonprofit organizations. Ethical behavior has significant upfront costs which may never be recovered. \end{matrix} 2. 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. D. management is insensitive to ethical issues. free from the concern of E. all of the answers are correct. 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. Economist Milton Friedman believed that a business's only social responsibility was to make ____________ for its owners and that anything else was socialism. D. the nation's business schools that tolerate unethical behaviour in students. social initiatives Deceptive advertising of medicines and toys 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. Those who exemplify ethical behavior do the right thing regardless of whether they get credit for it. One strategy guaranteed to displease your customers is to: D. Ethical financial reporting practices, Resource procurement and consumption practices, 39. True false question. hiring only women and minorities integrity-based ethics D. help investors recoup their losses. Religious institutions, Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? 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. Tejas Vemparala also contributed to this article. requiring suppliers to be evaluated monthly concerning an individual's ethics holding international suppliers to different standards than American companies must adhere to in the United States. When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. However, anyone caught violating a law will be immediately fired." A company that has socially responsible human resources management is [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. B. capitalism higher ethical standards than in the past. About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through _________________work. ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. Mistakes and misunderstandings are bound to happen in any work setting. Socially conscious investors insist that a company extend its own high standards to its ____________________. D. Outsiders must be told about the ethics program. Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility When there is a standard of accountability at an organization, its people hold themselves and their peers to a standard of responsibility. Italian Stallion stockholders got a very fair deal for the stock they owned in the company. [A] it reduces employee turnover Product safety The second major meaning behind the term is . Chapter 4. Full-time co-workers [B] reaches broad and diverse groups Multiple choice question. Multiple choice question. Multiple select question. Codes of ethics foster ethical behavior by Studies have found a _____ correlation between academic dishonesty and dishonesty at work. Shared accountability among employees. Supervisor 2. C. helps government officials develop appropriate legislation. Having constant conversations and reminders makes it less likely an employee will break a rule or have a low-quality output. separating themselves from suppliers who violate. Compliance-based ethics codes, In order to have trust and cooperation between workers and managers there needs to be 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. Target is a business. 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. it makes financial as well as moral sense to invest in companies that plan to create a better environment, that they can improve their own financial health by investing in companies whose goods and services benefit the community A. Prepare computations showing how much profits will increase or decrease as a result of making the starters. Then, of course, there are the more serious consequences of highly unethical behavior. True From retaining employees to ensuring brand loyalty to avoiding lawsuits and fines, a strong code of ethics is key to continued success. Companies who are percieved as being socially responsible will ultimately earn more profits for their investors. To manage these risks and the ethical obligations they imply, CDOs should work on developing institutional practices for continual learning and interaction with external experts. B. philanthropy. Unethical behavior has consequences for future business, including heavy fines, expensive lawsuits and reputational damage. D. companies who are perceived as being socially responsible will ultimately earn more profits for their reducing most costs An important reason for a company to maintain its ethical reputation is Multiple choice question. (B) make employers reluctant to hire those who have cheated standards. D. stockholders. B. Dont make ethics an afterthought in your company culture. Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. Multiple select question. Which of the following were not identified as being fundamental to the CSR definition? 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. Companies building parks corporate raiders. B. disgruntled workers manipulating budgets and expenses. Which of the following is a reason why a business should be managed ethically? Jake knew that several other employees followed strict company policy every day and always wore their headgear; yet, they were not being acknowledged for their compliance. 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." Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. The term business ethics refers to the set of moral principles that guides a company's conduct. What occurs when an employee exposes an employer's wrongdoing to outsiders? firms should take added caution not to support government programs that protect the environment. Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back. With respect to business ethics, it can be said that "it takes two to tango." This indicates that: A. dancing around issues should be part of a firm's code of ethics. C. commitment to a management training program. social media the fastest way to demoralize your stakeholders is to spend too much money supporting social issues, such as having employees assist in community efforts. B. an individual's behavior is influenced by the behavior of others. C. An ethics office must be set up. Businesses should be managed ethically because it is the right thing to do, it is legal and keeps the government from writing new laws, it is good for employee turnover, maintains a good reputation, keeps customers and attracts new ones, pleases employees and society Compliance based ethics code Corporate social responsibility describes the firm's: A. responsibility to their stockholders. Top management is essentially conducting a(n) corporate social initiative (A) matter very little to employers An important reason for a company to maintain its ethical reputation is Demanding developing countries to adhere to U.S. law on human rights and the environment is not clear-cut.