a business should be managed ethically because

a business should be managed ethically because

Ignoring hazardous job conditions that exist in the company's facilities corporate policy Which of the following is NOT a part of an integrity-based ethics code? Motivation. B. that only society's health is improved when they invest in companies whose goods and services benefit the community 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. School McMaster University; Course Title COMMERCE 1E03; Type. How to Fix a Toxic Workplace, The Best Employee Monitoring Software for 2023. An ethical business will get your employees to respect your company . 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. 360-review. About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through _________________work. B. maintaining proper accounting procedures. Customers D. concern for the welfare of society. However, the company has sufficient idle tools and machinery that no new equipment would have to be purchased. fascism social media. B. helping others Ethical behavior does not matter to investors. Explanation Business Ethics refers to carrying business as per self-acknowledged moral standards. _______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. It does not subtract from the bottom line; it adds to it. a clear set of rules and regulations cultural and accountable Business ethics concerns ethical dilemmas or controversial issues faced by a company. If your supervisor directed you to enter false information into a sales order book and told you if you refused that you would lose your opportunity for promotion, you would probably consider this situation to be a(n), According to the text, ethical behavior begins with. Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. (D) 3 out of 4 citizens volunteer, but cheat on their taxes, Using information from the internet or other sources without giving credit to the author is, The strong relationship between academic dishonesty and dishonesty at work is likely to Corporate social responsibility is based on a (B) it is using investors' money in ways they did not intend The benefit of using __________ to communicate a business's CSR efforts to the public is that it allows companies to reach broad and diverse groups directly in a low-cost, efficient way. ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. C. It is the law in the U.S. D. Employees. \text{Direct materials} & \text{\$ 3.10}\\ of or relating to ethics; involving or expressing moral approval or disapproval; conforming to accepted standards of conduct See the full definition A person who demonstrates ethical behavior demonstrates a strong moral code and a consistent set of values. D. Mayhem Corporate social responsibility describes the firm's: A. responsibility to their stockholders. allows them to reach specific groups more directly. When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. 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. It could also mention specific protocol within the business. What kind of person do you think Paulsen is? 2. 43% of consumers have stopped buying from brands they find unethical and 71% say they carefully consider corporate values when making a purchase. She has asked you to give her information about what determines the level of various interest rates. The main principles of business ethics are based in academia and on academic writings on proper business operations. to increase employee turnover Which of the following describes charitable donations by corporations to nonprofit organizations? compliance-based Increasing public concern for the environment created by the ________________ movement has more businesses looking for environmentally friendly ways to do business. A. reduced employee turnover. Corporate philanthropy Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility allow for complete anonymity \text{Variable manufacturing overhead} & \text{0.60}\\ This is an example of corporate: They need to take responsibility for what happened and be proactive in fixing it. Which of the following are reasons a business should be managed ethically? How Does 401(k) Matching Work for Employers? HR professionals sometimes face ethical or moral dilemmas. Studies have shown that what most influences a company's effectiveness and financial performance is: responsible management of human resources, Which of the following behaviors are illegal in the United States, but potentially put our companies at a disadvantage in overseas markets? going to save money by not hiring those who are disabled clarifying what green means Although this was a noble act, Jake knew that the hero was frequently negligent about wearing his own headgear. What does the research into business ethics say? The most basic question in an ethics-based management system is. setting a good example. Workplace and colleague wellbeing. demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. 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. corporate social responsibility, Corporate social responsibility is when businesses are concerned D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. enjoy greater employee loyalty managerial policy, Studies have shown that what most influences a company's effectiveness and financial performance is: Companies who are percieved as being socially responsible will ultimately earn more profits for their investors. False. Here are five reasons why you should keep things legal and follow business ethics in accounting. Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. Ethical issues are limited to for-profit organizations. ______________________behavior can add to the bottom line while _______________________behavior can ruin companies financially. When there is a standard of accountability at an organization, its people hold themselves and their peers to a standard of responsibility. Chapter 4. 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. Managing Business Ethics takes the view that ethical and unethical conduct are primarily the product of how systems align within an organization to promote certain kinds of behavior. Love to build enthusiastic and energetic teams and be a step ahead the expectations of my clients inside and outside the organization. True or false: Many investors believe that by choosing to put their money into companies whose goods and services benefit society, they can improve society's financial health as well as their own. [C] can be trusted to maintain confidentiality (A) have fewer loyal customers but attract more of them Other times, they may feel as though they are caught between what their higher-ups want them to do and what the law requires. The deliberative system leads to more-ethical behaviors. C. moral philosophy. In one such study, led by Kaifeng Jiang, a professor at the Ohio State University Fisher College of Business, researchers examined the intersection between the quality of service a business offers and its adherence to ethical mores by looking into conditions at nearly 200 movie theaters. insider trading. draw more customers, retain better employees Whistleblowers are often concerned about retaliation. Increased control over employee actions. If youre concerned your company culture isnt rooted in ethical behavior, consider taking corrective action to reduce and prevent further unethical activities by employees. After developing a code of ethics, it should be communicated to: A. everyone with whom the business has dealings. [A] for the welfare of society as a whole Encouraged by the new Sarbanes-Oxley Act, individuals who report unethical or illegal behavior within an organization are Need help writing your own self-assessment for a performance 26 Great Business Ideas for Entrepreneurs, The Best Small Business Government Grants in 2023. Which of these actions is LEAST likely to restore the trust of the American public in the free-market system? Research into ethics and business performance has shown the two are linked in some important ways. Putting Ethical Design into Practice. Multiple choice question. 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. B. opportunity. statement by Milton Friedman that maximizing shareholder profits is businesses' only responsibility However, it was disclosed that somehow a member of Paulie's management team mentioned the deal to a person he sat next to on a flight from LA to Seattle. Safe working conditions D. employee retaliation by doing the minimum needed to get by. Unethical businesses also lose favor with consumers. B. limiting the opportunity to behave unethically by providing punishments for violations of the rules and D. Outsiders must be told about the ethics program. Other countries also follow capitalist principles. 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 [C] allows them to reach specific groups more directly (C) attract and retain better employees ___________ _____________ is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. Integrity-based ethics codes True Multiple Choice (A) matter very little to employers allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: Multiple Choice 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. compliance-based ethics Maximizing ethical conflict in work groups 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. The monetary award may total as high as 30% of the amount collected for violations that exceed $1 million. Here are other common examples of ethical behavior: No matter the relationship between two people and what they agree or disagree upon, people within an organization should always respect each other. 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. False. The first area is productivity. allows them to reach specific groups more directly, allows them to connect directly with customers The term business ethics refers to the set of moral principles that guides a company's conduct. This is the third year of operations for the company. C. Watch tower sentinel During the last recession monetary contributions decreased and companies found ways to continue their philanthropic participation by asking employees to donate time to corporate social initiatives and other projects.

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