a business should be managed ethically becauseexperian data analyst intern

Defines an organization's guiding principles. integrity-based A well-implemented ethics program can also reduce losses. using recyclable packaging Multiple Choice benevolence can lead to a vote of no confidence by company stakeholders. C. writing their representatives in Congress. (C) make students who know how to plagiarize well acceptable to employers C. all levels of management. Multiple Choice Whistleblowers are insiders who report illegal or unethical behavior. (C) occur in many countries Noones;C\underline{\text{\color{#c34632}No ones; C}}Noones;C. Which of the following describes charitable donations by corporations to nonprofit organizations? Strict global regulations require it. _______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. Chapter 4. (D) occur in only a few countries. demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. My 4 fundamental professional beliefs:<br> I believe change management must be inclusive if you want it to work. 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. 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. In the workplace, there might be a standard for ethics set throughout the company. Corporate social responsibility describes the firm's: A. responsibility to their stockholders. "It's an ongoing phenomenon that must be better understood and managed and . D. maximizing their investment in the firm. Corporate philanthropy The term business ethics refers to the set of moral principles that guides a company's conduct. integrity-based ethics 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. B. 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. D. structure and strategy. [D] Political risk taking. compliance-based ethics [B] reaches broad and diverse groups Multiple Choice When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong. Customers C. Accounting fraud Top management must adopt and support a corporate code of conduct. Which step is the most critical to help improve business ethics? \text{Rent Expense} & 11,000 & \text{Dividends} & 4,500 \\ This is somebodyelse\underline{\text{somebody else}}somebodyelse notebook. Explanation corporate responsibility Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. True or false: Social responsibility and ethical problems exist primarily in the U.S. because we have more laws about those problems. likely to perform better financially This is called a bounty provision because as stated, they may receive a monetary award for their actions. C. diversity C. Operational initiatives Multinational corporations are committed to operating within the legal limits of U.S. law. 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. To understand why ethical behavior is important, it might be helpful to know how unethical behavior affects a company. Multiple choice question. Community members are bound by the pursuit of common values and goals. A. B. based on a commitment to integrity and respect True [A] To attract customers All successful businesses communicate effectively. analysts. The international Day Of Pe, Chapter 3 Doing Business in a Global Markets, 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, Spring 2018 Final Exam Review Chapters 8,9,10. ___________ _____________ is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. 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. ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. 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. On the flip side, a leader who personifies ethical behavior will be fair in all situations. reaches broad and diverse groups actual ethics. D. Pricing practices Multiple choice question. An important factor in enforcing ethics codes is selecting a(n) ________ ________. 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. It does not subtract from the bottom line; it adds to it. 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." A. delight them with a quality product at a fair price. E. All of the answers are correct. 1. moral impropriety. D. shift the production of goods to foreign facilities and layoff Canadian workers. \text{Supervision} & \text{1.50} & \text{\$ 60.000}\\ B. varies even among those who are interested in corporate responsibility. The total rent on the plant is$80.000 per period. True (C) gains for investors in 2008 and 2009 This is especially so when the market is very competitive, because then the customers have a lot of options and could switch to another product or service provider.. She has asked you to give her information about what determines the level of various interest rates. Startup Costs: How Much Cash Will You Need? D. Outsourcing practices plan to maximize profits for shareholders to spend in communities E. Employee benefit programs. When there is a standard of accountability at an organization, its people hold themselves and their peers to a standard of responsibility. This is an example of corporate: A company's effectiveness and financial performance are most affected by responsible _________ _________ management. an individual's ethics Multiple select question. Top management at Lancer Distributing is convinced that they have a social responsibility to their community. 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. technical policy Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of _______________ and not only of their owners. allows them to reach specific groups more directly. D. integrity. In other situations, traditions and customs make gifts and other bribery-type activities the long-standing practice in some nations. This guide breaks down the importance of business ethics and how to establish an ethical culture in your company. A. that only society's health is improved when they invest in companies whose goods and services benefit the community The first area is productivity. Written ethics codes can be categorized as '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. decreased financial donations and eliminated support in almost every way. D. fail to earn sufficient profits for their owners. A. reduced employee turnover. E. A criminal lawsuit. Integrity-based ethics codes using recyclable packaging C. Increased penalties for code violators. Besides environmental groups, unions, and investors, a relatively new type of watchdog organization that reports on corporate social responsibility efforts is C. Expanding opportunity by providing punishments for violations of the rules D. Overlooking violations of codes of ethics E. law. C. It is the law in the U.S. D. Employees. 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. Outsiders must be told about the ethics program. C. teamwork eliminates a need for personal ethics. Proponents of corporate social responsibility strongly believe in benevolence; however, they still want their businesses to be profitable. A(n) _________________ ___________________ethics code creates an environment which supports ethically sound behavior by stating an organization's guiding values, shared responsibilities, and accountability. \text{Insurance Expense} & \$ 2,000 & \text{Salaries Expense} & \$ 37,000 \\ Supervisor allow for complete anonymity, When implementing a new ethics program, businesses must also communicate the changes to outside parties such as: Dont make ethics an afterthought in your company culture. (C) attract and retain better employees Explanation Reevaluating its ethics codes based on the input of its customers. D. help investors recoup their losses. the federal government 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. In turn, employees will trust that their leadership team is working toward the greater good of the entire company. 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. The authors start from the assumption that most people wish to behave ethically. 360 degrees marketeer, business strategy addict, passionate about creative projects and most importantly project teams. enjoy greater employee loyalty Multiple choice question. 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 business starts with the correct usage and allocation of finances and cost management. _____________________ _____________________ _____________________is a business's concern for the welfare of society. A. profits. (C) to increase employee turnover Practice deception regarding product safety issues. Serves as full-time, tenure tracked Business Instructor for the college's Bachelor of Applied Science in Organizational Management (BAS-OM) program, teaching classroom, hybrid, and online courses. It's the age-old reality: "Out-of-sight, out-of-mind." Safe working conditions 8 Mini-Case Study, Intro-Into-Business: Ch. increased financial donations to local areas but pulled away from national and global contributions. B. personal responsibility C. compliance B. additional taxes 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 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? [D] They may choose to cancel orders when there are environmental abuses. Stresses shared accountability demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. American businesses are demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. Research into ethics and business performance has shown the two are linked in some important ways. (C) 4 out 5 citizens volunteer an hour each week 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. (C) likely to perform worse financially Explanation Part-time co-workers. corporate social initiative Ignoring hazardous job conditions that exist in the company's facilities List the most influential on top. Team and business confidence. concern for the welfare of society E. Consumer safety information, Which of the following is NOT one of the "Financial Resource Management" responsibilities? By being ethical, leaders can foster an environment that rewards and encourages good attitudes. This indicates that: A. dancing around issues should be part of a firm's code of ethics. Economic conditions in some developing countries make child labor a necessity for the survival of families. school districts aggregate independent appraisal. C. energy consumption The chief engineer has recommended against this move, however, pointing out that the cost to produce the starters would be greater than the current 8.40perunitpurchaseprice:8.40 per unit purchase price:8.40perunitpurchaseprice: PerUnitTotalDirectmaterials$3.10Directlabor2.70Supervision1.50$60.000Depreciation1.00$40.000Variablemanufacturingoverhead0.60Rent0.30$12.000Totalproductioncost$9.20\begin{matrix} CSR can lead to even more profits. social audit. Which of the following are reasons a business should be managed ethically? reaches broad and diverse groups The most basic question in an ethics-based management system is. 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: The side effects are so great that the society urges that the business should always be ethically and socially responsible. Unethical businesses also lose favor with consumers. Trust and cooperation between workers and managers must be based on which of the following? Those who have others interests in mind when they make decisions are displaying ethical behavior. ______________ ____________ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. True insider trading. create an open-door policy, protect them from retaliation When the lines of communication are open and employees are willing to have conversations with one another, misunderstandings can be avoided.

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