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Determine Author's Purpose Why do you think Las Cases wrote this detailed account about the treatment of Native Americans by the Spanish? Which of the following is the BEST reason for a business to be managed ethically? Multiple select questions. [A] is costly, but worthwhile in reaching specific customers B. maintaining proper accounting procedures. 22. 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? [A] for the welfare of society as a whole Organizational ethics begins Multiple Choice at the top levels of management. My 4 fundamental professional beliefs:<br> I believe change management must be inclusive if you want it to work. Multiple choice question. Some common workplace ethics include trustworthiness, accountability, respect, transparency, and integrity. Supervisor 2. C. limiting the opportunity to behave unethically by providing rewards for violations of the rules and This sort of behavior is not limited to the workplace; it can be present in every facet of life. How are these two rates measured? In the following sentence, circle the subject of the underlined verb. 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. Multiple Choice Multiple select question. A. Overstating an expense report. A. About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through _________________work. He also believed anything other than that would be considered: global policy concern for the welfare of society A company that has socially responsible human resources management is [A] making the charges public before the investigation C. business exists only to make money for shareholders. 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) are limited to the United States True false question. B. The main principles of business ethics are based in academia and on academic writings on proper business operations. enjoy greater employee loyalty Periodically asking every employee to evaluate the company's ethics performance. Sarbanes-Oxley Ruling 'Business Ethics' can be termed as a study of proper business policies and practices regarding potentially controversial issues, such as corporate governance, insider trading, bribery, discrimination, corporate social responsibility, and fiduciary responsibilities. By being ethical, leaders can foster an environment that rewards and encourages good attitudes. corporate social initiative True or false: Social responsibility and ethical problems exist primarily in the U.S. because we have more laws about those problems. B. a failure of leadership to establish ethical standards. \end{array} When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. Unethical businesses also lose favor with consumers. The ethics code must be enforced. [C] conducting objective investigations higher ethical standards than in the past. Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. Research has shown that companies engaged in corporate social responsibility (CSR): The monetary award may total as high as 30% of the amount collected for violations that exceed $1 million. Multiple Choice [B] most of those who caused the crisis going to jail Strict global regulations require it. Internal Audit Company Protection Act Even small companies participate in _______ through donations and volunteer support of local causes and national charities, such as the Red Cross and the United Way. "It's an ongoing phenomenon that must be better understood and managed and . providing safety equipment and training for their workers, increasing the diversity of their workforce C. Operational initiatives compliance-based ethics Multiple Choice Decorating Arrangements has just completed operations for the year ended December 31, 2016. The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: A systematic evaluation of an organization's progress toward implementing socially responsible and responsive programs is called: How are U.S. companies likely to pressure foreign companies to change their standards of ethics and social responsibility? Multinational corporations are committed to operating within the legal limits of U.S. law. school districts (D) occur in only a few countries. businesses with good reputations attract customers it reduces the likelihood of lawsuits by employees or customers it reduces employee turnover it increases the likelihood of government intervention businesses with good reputations attract customers Displaying good ethical behavior can boost company morale and client relations. U.S. economist Milton Friedman believed that the only social responsibility of the corporation was to its stockholders. This is called a bounty provision because as stated, they may receive a monetary award for their actions. An appearance of conflict exists when a reasonable person looking at the situation from outside (and without personal knowledge of anyone involved) will conclude from the circumstances that the employee's ability to perform his or her duties may be compromised by personal interest. 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. [D] severe financial crises. Multiple choice question. (C) 4 out 5 citizens volunteer an hour each week To attract customers To avoid lawsuits To maintain a good reputation Making decisions that we know are different from what is right erodes our self-esteem. a clear set of rules and regulations Multiple select question. Though there are many ethical opinions that most people share, ethics will differ from person to person. increased financial donations to local areas but pulled away from national and global contributions. Multiple choice question. Society B. philanthropy An important factor in enforcing an ethics code is: Explanation government-supported direct mail campaigns ", Corporate social responsibility is when businesses are concerned \text{Variable manufacturing overhead} & \text{0.60}\\ 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: ______________ ____________ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. 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. C. Watch tower sentinel B. an individual's behavior is influenced by the behavior of others. aggregate independent appraisal. Unfair competitive practices in the computer industry The employment of ethical business practices can enhance overall corporate health in three important areas. 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. (B) make employers reluctant to hire those who have cheated An ethical business will get your employees to respect your company . E. filing complaints with the company. The Dodd-Frank Wall Street Reform and Consumer Protection Act provides whistleblowers an award if their actions lead to an enforceable action or conviction. D. buying the company's products. Part-time co-worker 3. reaches broad and diverse groups acquisition stalking. Personal projects U.S. companies tend to overlook and forget human rights abuses abroad. Compliance-based ethics codes focus on: Socially conscious research organizations collect information on the social responsibility efforts of companies. D. Ethical financial reporting practices, Resource procurement and consumption practices, 39. statement by Milton Friedman that maximizing shareholder profits is businesses' only responsibility Packaging requirements Trust and cooperation between workers and managers must be based on which of the following? How to Write a Self-Assessment: 5 Tips to Improve Do Not Sell/Share My Personal Information, Limit the Use of My Sensitive Personal Information. Top leaders from other countries have been charged with bribery. This is an example of corporate: True <br><br>Customer care professional with experience in building customer loyalty, analyzing customer behavior, creative customer relationship . Multiple choice question. On the flip side, a leader who personifies ethical behavior will be fair in all situations. A. Companies Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of _______________ and not only of their owners. Which of the following is not one of the approaches associated with corporate social responsibility? it makes financial as well as moral sense to invest in companies that plan to create a better environment, Companies that try to act in a socially responsible way are likely to focus on such activities as B. C. writing their representatives in Congress. Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility Which of the following should help reduce the incidence of unethical behavior in an organization? C. Research practices \text{ } & \text{Per Unit} & \text{Total}\\ A. draw more customers, Many investors believe D. to please customers, employees, and society. allows them to reach specific groups more directly, allows them to connect directly with customers A. Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. 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. Other times, they may feel as though they are caught between what their higher-ups want them to do and what the law requires. Ignoring hazardous job conditions that exist in the company's facilities 1. [B] reaches broad and diverse groups These steps included creating a climate based on service quality and ethical behavior that guides employees without direct supervision, taking corrective actions before unethical behaviors occur by periodically measuring employees perceptions of the companys ethical climate, and emphasizing the importance of service quality and ethical behaviors as they relate to competition in the marketplace. 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 . Integrity-driven ethics codes The deliberative system leads to more-ethical behaviors. analysts. A company's effectiveness and financial performance are most affected by responsible _________ _________ management. Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: Ethics is a notoriously difficult subject because everyone has subjective judgments about what is "right" and what is "wrong.". A business should be managed ethically for many reasons to maintain a good. D. Outsiders must be told about the ethics program. 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. (C) gains for investors in 2008 and 2009 Demanding developing countries to adhere to U.S. law on human rights and the environment is not clear-cut. D. expanding the opportunity to behave ethically by providing punishments for following the rules. Periodically asking every employee to evaluate the company's ethics performance. 1. A systematic evaluation of a company's progress toward implementing socially responsible programs is known as a(n)___________________ __________________ . D. Pricing practices [D] Political risk taking. (C) make students who know how to plagiarize well acceptable to employers (C) attract and retain better employees (D) going to lose money by providing pay raises, A business should be managed ethically because enjoy greater employee loyalty With regard to socially responsible behavior, American businesses are A Understanding that individual moral standards, the influence of managers and coworkers, and TV ads When the lines of communication are open and employees are willing to have conversations with one another, misunderstandings can be avoided. Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? ethical standards in the U.S., but unfortunately foreign leaders are not being subjected to ethical scrutiny. Sherman Act [C] allows them to reach specific groups more directly [B] share all information with managers when requested U.S. companies follow the lead of consumers, and at this time, there is no evidence of a trend toward concern for better human rights and environmental standards. Those who argue in favour of corporate social responsibility suggest that: D. Integrity watchdog. actual ethics. Employees and management alike can work together to create businesses that have high standards. additional taxes Morality codes corporate social initiative Whistleblowers are insiders who report illegal or unethical behavior. Customer privacy policies and practices 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. Amber was observing an example of the ___________ followed at this organization. Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. However, the company has sufficient idle tools and machinery that no new equipment would have to be purchased. 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. Ethical behavior positively impacts a businesss financial performance.