a business should be managed ethically because

By

a business should be managed ethically becausenight clubs in grand baie, mauritius

C. Expanding opportunity by providing punishments for violations of the rules D. Overlooking violations of codes of ethics Dodd-Frank Wall Street Reform and Consumer Protection Act. What Does Ethical Decision Making Mean? He also believed anything other than that would be considered: that they can improve their own financial health by investing in companies whose goods and services benefit the community C. teamwork eliminates a need for personal ethics. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through _________________work. Codes of ethics foster ethical behavior by The Sarbanes-Oxley Act and Ontario's Bill C-198 were both passed to A. punish those who committed accounting fraud in the late 1990s. Socially conscious investors insist that a company extend its own high standards to its ____________________. 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: Proponents of corporate social responsibility strongly believe in benevolence; however, they still want their businesses to be profitable. D. Ethical financial reporting practices, Resource procurement and consumption practices, 39. [A] for the welfare of society as a whole B. limiting the opportunity to behave unethically by providing punishments for violations of the rules and only with their responsibility to their shareholders 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. Top officials in countries like Japan, South Korea, and China have faced legal charges of influence peddling and __________ charges, which serve as examples of the unethical behavior that U.S. companies face in overseas markets. Integrity-based ethics codes 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 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. A business should be managed ethically for many reasons: to maintain a good reputation; to keep existing customers and attract new ones; to avoid lawsuits; to reduce employee turnover; to avoid government intervention; and to please customers, employees, and society. She has asked you to give her information about what determines the level of various interest rates. Compliance-driven ethics standards cultural and accountable Business Ethics refers to carrying business as per self-acknowledged moral standards. In turn, employees will trust that their leadership team is working toward the greater good of the entire company. \text{Rent Expense} & 11,000 & \text{Dividends} & 4,500 \\ demanding that international suppliers adhere to higher, more costly standards than their American counterparts. Multiple Choice Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. 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. tax officials. Ethical problems such as influence peddling and bribery: 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. based on a commitment to integrity and respect Why You Need to Create a Fantastic Workplace Culture, 10 Employee Recruitment Strategies for Success, Best Accounting Software and Invoice Generators of 2023, Best Call Centers and Answering Services for Businesses for 2023. C. Increased penalties for code violators. They define crimes more narrowly than do ethics protect from fraud, theft, and violence, while are used to decide how we treat others responsibly to society's views of right and wrong Ethically Behaving often requires more than obeying the law. Example 1. Which of the following are true regarding ethical behavior? Multiple select question. E. Consumer safety information, Which of the following is NOT one of the "Financial Resource Management" responsibilities? C. structure and strategy. Full-time co-workers 3. D. Improved awareness of the relevant laws. D. Integrity watchdog. B. expressing dissatisfaction by protesting. Economist Milton Friedman believed that a business's only social responsibility was to make ____________ for its owners and that anything else was socialism. Its premise is based on integrity, fairness, and respect for others. In the long run, CSR enhances profits. varies among those who are interested in corporate responsibility. It is an act that is against the law and against Securities and Exchange Commission policy. It seeks to promote honesty, fairness, and responsibility in all advertising. C. writing their representatives in Congress. Although definitions and means of measuring a carbon footprint aren't yet clear, many companies try to become more __________________by claiming to reduce it. D. Mayhem stockholders Global Business Ethics. 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. analysts. 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. D. help investors recoup their losses. Full-time co-workers Businesses must abide by some basic principles. 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 . An organization's managers instill corporate values and _____________ in employees by the examples they set. There are a wide variety of examples of ethical behavior in the workplace. <br> I . C. Watch tower sentinel All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. internal investigation. Workplace and colleague wellbeing. 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. Are Workplace Politics Destroying Your Business? The rent charge above is based on space utilized in the plant. A business should be managed ethically because Multiple select question. [C] conducting objective investigations Putting Ethical Design into Practice. Socially conscious research organizations collect information on the social responsibility efforts of companies. C. helps government officials develop appropriate legislation. Multiple choice question. Paying employees on specified pay dates most of the time. C. a loss of employee commitment and trust in the company and its management. How are these two rates measured? _____________________ _____________________ _____________________is a business's concern for the welfare of society. Which of the following represent examples of how corporations set positive standards of ethical behavior? social policy clarifying what green means Less than 202020 percent of the eligible voters has\underline{\text{has}}has an opinion about that subject. Employees want to work for companies that treat everyone and their clients fairly and have good and ethical business practices. Implementing ethical standards within an organization starts with: An employee who reported her boss to the SEC for insider trading would be considered a(n) _____________ protected by law. asking suppliers to lower their standards to be in compliance with likely to perform better financially A. Overstating an expense report. B. improve corporate profits. A company's effectiveness and financial performance are most affected by responsible _________ _________ management. global policy Source interviews were conducted for a previous version of this article. In a business setting, ethical behavior applies to any employee, team lead or supervisor. retaliation D. management is insensitive to ethical issues. What occurs when an employee exposes an employer's wrongdoing to outsiders? demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. An ethically managed business helps to reduce employee turnover. She was even _____ after her solo than before. 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. B Marketing, Finance, Sales), technical roles (e.g. pro-current procurement. internal search and occupy organizations. Businesses can show their CSR in many ways. Top management 1. To allow whistleblowers to come forward with information organizations should C. diversity <br> I believe AI should be built responsibly and produce ethical outcomes. Both high-quality service and low unethical behaviors are important to predicting business unit performance, said Jiang. This is due to the fact that our ethics are shaped by our moral code. Corporate social responsibility is a business's concern for: Those who oppose corporate social responsibility believe that C. business exists only to make money for shareholders. Startup Costs: How Much Cash Will You Need? Top management at Lancer Distributing is convinced that they have a social responsibility to their community. Which of the following would be a unique focus of an integrity-based ethics code? C. Research practices Recently, top management asked company departments to list and evaluate the kinds of socially responsible efforts conducted internally and externally in the business and to list negative occurrences that supervisors observed. 1. If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: What motivated the unethical behavior of real estate agents, lenders, and borrowers that led to the financial crisis of 2008? Multiple Choice Ethical behavior positively impacts a businesss financial performance. A set of formalized rules and standards that describe what a company expects of its employees is called a(n) Multiple choice question. Integrity-based ethics is informal company behavior that evolves from individuals' desire to make things better for all. fascism Strict global regulations require it. a clear set of rules and regulations A. Tejas Vemparala also contributed to this article. Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. social initiatives aggregate independent appraisal. C. providing all relevant information about current and projected performance of the firm. Which of the following statements is false? [A] To attract customers Depreciation is due to obsolescence rather then wear and tear. standards. building parks penalizing wrong-doers, increasing control [C] only to compete and make a profit opportunity influence ethical behavior Who sets the standards of right and wrong as defined by ethics? [C] Paying U.S. minimum wage Part-time co-workers. formal and informal. going to save money by not hiring those who are disabled 1. List the most influential on top. [D] severe financial crises. 8 Mini-Case Study, Intro-Into-Business: Ch. Ethics can be rooted in belief or the pursuit of making the world better. enjoy greater employee loyalty C. limiting the opportunity to behave unethically by providing rewards for violations of the rules and An important factor in enforcing an ethics code is: B. allows them to reach specific groups more directly. Its easier for a business to retain employees when they work for a company that they believe in. This is an example of corporate: Strategic partnering Ethical issues are limited to for-profit organizations. The ethics code must be enforced. Governments (C) 4 out 5 citizens volunteer an hour each week Society C. commitment to a management training program. 1 Mini-Case Study, (Learning Curve 11 a) Body Development; Cogni, (LearningCurve 11b) Becoming Your Own Person-, chapter 3 psy 200 (LearningCurve 3b) Survivin, Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Marketing Essentials: The Deca Connection, Carl A. Woloszyk, Grady Kimbrell, Lois Schneider Farese. Unethical behavior has consequences for future business, including heavy fines, expensive lawsuits and reputational damage. This is called a bounty provision because as stated, they may receive a monetary award for their actions. D. Philanthropy E. Altruistic, Which of the following is NOT one of the "Market Assessment and Strategy Development" responsibilities? decreased financial donations but encouraged their employees to volunteer their time to corporate social initiatives and projects. Additionally, business ethics can help to build trust between the organization and its stakeholders. [A] few losses to investors Stresses shared accountability A business should be managed ethically for many reasons to maintain a good. Business ethics are applicable not only to the manner the business relates to a customer but also to the society at large. 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. (D) it reduces laws and regulations, Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: All else held equal, socially responsible firms: A. are viewed more favourably by consumers. (A) matter very little to employers [C] lack of trust in the free market system (C) benevolence is the highest virtue A systematic evaluation of a company's progress toward implementing socially responsible programs is known as a(n)___________________ __________________ . Another reason why business ethics is important is that it can improve profitability. When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong. And could be pivotal for career growth. [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. The You Design, We Build Company makes custom furniture of all kinds. D. structure and strategy. (C) gains for investors in 2008 and 2009 B. an individual's behavior is influenced by the behavior of others. 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. This sort of behavior is not limited to the workplace; it can be present in every facet of life. A. The authors start from the assumption that most people wish to behave ethically. Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility Corporate social responsibility describes the firm's: A. responsibility to their stockholders. only to compete and make a profit 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? compliance-based ethics concern for the welfare of society E. all of the answers are correct. In other situations, traditions and customs make gifts and other bribery-type activities the long-standing practice in some nations. Corporate social responsibility (CSR) is the concern businesses have for the welfare and betterment of society. For example, international bank HSBC was subject to a decade-long enforcement action costing it $1.92 billion after the federal government determined the institution violated money-laundering laws and sanctions rules. Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. Which of the following is a reason why a business should be managed ethically? The total rent on the plant is$80.000 per period. Which of the following were not identified as being fundamental to the CSR definition? D. expanding the opportunity to behave ethically by providing punishments for following the rules. Multiple choice question. providing safety equipment and training for their workers, increasing the diversity of their workforce The researchers also determined that businesses could take certain steps to rectify ethical lapses that impacted performance. 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. employees and internal public relations to increase employee turnover What are the causes of pay discrimination in the labor market? general guiding values U.S. law does not require U.S. firms to comply because of competitive advantage concerns. Corporate policy refers to the position a firm takes on ______________ and __________________ issues. Multiple choice question. corporate responsibility A. Diversity and discrimination B. Which of the following describes charitable donations by corporations to nonprofit organizations? Multiple Choice [B] reaches broad and diverse groups Reevaluating its ethics codes based on the input of its customers. Running a business in an ethical manner from the top down establishes stronger bonds between individuals on the management team. the collection of laws to protect society from fraud, theft, and violence. Ethics may seem like an intangible, but there is a clear connection to overall performance. Corporate social responsibility is based on a B. C. Accounting fraud 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: A failure of leadership to establish ethical standards, Which of the following terms describes someone who reports illegal or unethical behaviour? Multiple Choice B. Multiple select question. Harassment and discrimination are arguably the most prominent contemporary ethical issues in business today. Learn how to boost employee morale and create a better company Good leadership is central to the success of any business. Supervisor 360-review. ignoring both ethical and unethical behavior False. At a college, a code of ethics could include being honest and unbiased when grading and being a catalyst for diverse perspectives in the classroom. secondary market companies. Which of the following is NOT included as one of the questions we must ask when faced with an ethical dilemma? Ethical business norms must be adhered to not only by company managers but by all employees of companies without exception. E. law. the fastest way to demoralize your stakeholders is to spend too much money supporting social issues, such as having employees assist in community efforts. Employees and management alike can work together to create businesses that have high standards. Having constant conversations and reminders makes it less likely an employee will break a rule or have a low-quality output. Businesses that violate ethics and engage in illegal activities can be subject to costly fines and lawsuits. [D] favor management in their investigations, A communication tool many companies use to inform diverse groups of their social responsibility efforts at little cost is. It does not subtract from the bottom line; it adds to it. he 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. True For example, a code of ethics at a doctors office might include putting the patient first and remaining understanding in tough situations. the federal government socially conscious research organizations. It emphasizes sustainability, customer loyalty, brand image, and employee retention. B. socialism Unethical businesses also lose favor with consumers. From retaining employees to ensuring brand loyalty to avoiding lawsuits and fines, a strong code of ethics is key to continued success. American businesses are demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. (A) investors putting more money into both markets In this episode of Experiencing Data, Chenda and I explore her actual methods to designing ethical AI solutions as well as how she works with UX and product teams on ML solutions. [B] allowing management to decide the outcomes of investigations The Dodd-Frank Wall Street Reform and Consumer Protection Act provides whistleblowers an award if their actions lead to an enforceable action or conviction. True or false: Corporate Social Responsibility (CSR) and corporate profits can at times go hand in hand. \text{Depreciation} & \text{1.00} & \text{\$ 40.000}\\ _______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. 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. List the most influential on top. not concerned with the ethical or socially responsible behavior of their international suppliers. The first area is productivity. Which of the following would least likely involve ethical concerns? Amber was observing an example of the ___________ followed at this organization. D. companies who are perceived as being socially responsible will ultimately earn more profits for their Besides environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is A business's responsibilities to its owners and investors include Giving back to society communism, Many corporate executives reported that they use social media to communicate their socially responsible activities to customers because it: In the study, researchers determined that a higher quality of service positively impacted business operations when ethical adherence was also high. Packaging requirements Customers government-supported direct mail campaigns 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? Multiple select question. To understand why ethical behavior is important, it might be helpful to know how unethical behavior affects a company. Which of the following should help reduce the incidence of unethical behavior in an organization? social audit. (C) likely to perform worse financially A reputation for positive ethical behavior entices more potential clients, customers and partners to work with you. D. concern for the welfare of society. Multiple Choice It is a set of guidelines for dealing with various procedures ethically. They should display behavior that is honest and fair in their relationships with co-workers and their. [A] is costly, but worthwhile in reaching specific customers Multiple Choice B. the police in jurisdictions where the business has operations. Fraud A leader designing an ethical culture should try to create contexts that keep ethical principles top of mind, reward ethics through formal and informal . Deceptive advertising of medicines and toys holding international suppliers to different standards than American companies must adhere to in the United States. Everyone with whom the business has dealings. Economic conditions in some developing countries make child labor a necessity for the survival of families. C. teamwork eliminates a need for personal ethics. As a philosophy, ethics are the principles that guide a person's behaviour. corporate beneficial management can encourage employees to deceive customers, Following an ethics-based approach to decision making will normally lead to higher ________. Backend and front-end engineers, data scientists) as well as designers and UX researchers to bring products to life that make our users' problems and pain-points go away!<br><br>As a product manager I have to wear different hats every day and I excel at . increased their financial donations because they understood how badly society needed a helping hand. school districts Your boss has prepared some questions for you to consider. Noones;C\underline{\text{\color{#c34632}No ones; C}}Noones;C. D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. Though discrimination and harassment laws have been put in place and continue to be updated . Ethical marketing is less of a marketing strategy and more of a philosophy that informs all marketing efforts. Article. C. Corporate strategy is costly, but worthwhile in reaching specific customers Vanessa recognizes this as a(n) ________-based code of ethics. Ethical behavior means your team operates according to fair and transparent standards, not just complying with legal rules or regulatory requirements, but going above and beyond to ensure decisions are applied through an ethical lens. (D) occur in only a few countries. Multiple select question. Conversely, when unethical behavior was commonplace, the quality of service had a much-diminished impact on the success of business operations. Noone\underline{\text{No one}}Noone attitude has improved as much as his\underline{\text{his}}his has. lose sales revenues \text{Variable manufacturing overhead} & \text{0.60}\\

Is Hannah Einbinder Related To Paul Newman, Karratha Tides Fishing, How To Beat A Menacing Charge In Ohio, Bacon Wrapped Cream Cheese Chicken On Grill, Articles A