a business should be managed ethically because a business should be managed ethically because

[A] making the charges public before the investigation C. often experience customer loyalty problems. A low cost, efficient way for companies to connect with specific groups and inform them of corporate social responsibility efforts is ____________________ __________________. Multiple choice question. \text{Cash} & 7,000 & \text{Equipment} & 26,600 \\ Additionally, business ethics can help to build trust between the organization and its stakeholders. Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back. Trustworthiness. We covered: How data teams can actually design ethical ML models, after . Ethical management generates trust, and trust increases productivity. Ethical behavior includes honesty, fairness, integrity and understanding. A. reduced employee turnover. First and foremost, father of 5 and grandfather to 3.<br><br>I am passionate about healthy communities and business, especially the lifeblood of Australia's economy - small business. 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. Emphasizes strong penalties for wrongdoers demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. An organization's managers instill corporate values and _____________ in employees by the examples they set. On the flip side, a leader who personifies ethical behavior will be fair in all situations. True Multiple choice question. Many businesses believe that they should have an influential and important role in: Societies set the standards for moral behavior, known as, About one out of four adults in the U.S. chooses to take responsibility for the communities they live in through __________ work. They should display behavior that is honest and fair in their relationships with co-workers and their clients. corporate inclusion policy ___________ _____________ is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. Multiple Choice The first area is productivity. 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 Defining the concept of ethics more narrowly, and making the definition closer to the definition of legality. A. 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. Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. Chapter 4. Multiple choice question. DirectmaterialsDirectlaborSupervisionDepreciationVariablemanufacturingoverheadRentTotalproductioncostPerUnit$3.102.701.501.000.600.30$9.20Total$60.000$40.000$12.000. human resource support staff A. separating themselves from suppliers who violate (C) 4 out 5 citizens volunteer an hour each week The side effects are so great that the society urges that the business should always be ethically and socially responsible. increasing the diversity of their workforce about being fair and honest with their stakeholders Corporate social initiative refers to a company taking the initiative to utilize its expertise and resources to make a situation better. 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? D. employee retaliation by doing the minimum needed to get by. Integrity-based ethics codes From retaining employees to ensuring brand loyalty to avoiding lawsuits and fines, a strong code of ethics is key to continued success. (D) affect hiring practices very little. (A) matter very little to employers integrity-based ethics These define the company's guiding values, and most often it involves shared accountability. HR professionals sometimes face ethical or moral dilemmas. promotions, The dimension of social responsibility, which includes certain aspects such as producing low-emission vehicles, is called: B. ability to plan for the unexpected. A high ethical standard extends to customers as well. A business starts with the correct usage and allocation of finances and cost management. C. It is the law in the U.S. D. Employees. It seeks to promote honesty, fairness, and responsibility in all advertising. \text{Total production cost} & \text{\$ 9.20}\\ A. responsibility A. 360 degrees marketeer, business strategy addict, passionate about creative projects and most importantly project teams. Multiple Choice 'Business' can mean an activity of exchange. (A) have fewer loyal customers but attract more of them Which of the following is NOT a part of an integrity-based ethics code? 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? E. A criminal lawsuit. Ethical marketing is less of a marketing strategy and more of a philosophy that informs all marketing efforts. With respect to business ethics, it can be said that "it takes two to tango." 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. Which of the following is not one of the approaches associated with corporate social responsibility? Ethical standards are different from country to country. integrity-based 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. The ethical lapses of global companies, such as Enron, Arthur Andersen, and WorldCom, over the span of a few years caused much devastation. [D] To avoid lawsuits, Effective ethics officers: D. management is insensitive to ethical issues. socially conscious research organizations. An ethically managed business helps to reduce employee turnover. Full-time co-workers 3. internal investigation. It does not subtract from the bottom line; it adds to it. In a business setting, ethical behavior applies to any employee, team lead or supervisor. [A] They will bribe local officials to change their policies. the federal government fairness, honesty, openness, _____________________________are insiders who report illegal or unethical behavior. Then, if the verb does not agree in number with its subject, write the correct form of the verb above the incorrect form. You're dealing with sensitive information As a business owner, you deal with sensitive information on the daily. Who sets the standards of right and wrong as defined by ethics? Multiple choice question. Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility B. an individual's behavior is influenced by the behavior of others. She was even _____ after her solo than before. Which of these actions is LEAST likely to restore the trust of the American public in the free-market system? B. personal responsibility C. compliance 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 Business ethics are applicable not only to the manner the business relates to a customer but also to the society at large. [A] relate well to employees at all levels 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. protect them from retaliation additional taxes True false question. corporate responsibility (A) are just part of doing business A code of ethics builds trust and credibility in an organization and creates a culture of open and honest communication. On the line provided after the sentence, write the possessive form of the underlined words. C. diversity B. being socially responsible is all about being ethical. 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. Ignoring hazardous job conditions that exist in the company's facilities (C) likely to perform worse financially 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. Multinational corporations are committed to operating within the legal limits of U.S. law. Ethics is a notoriously difficult subject because everyone has subjective judgments about what is "right" and what is "wrong.". They need to take responsibility for what happened and be proactive in fixing it. help store confidence in corporate america and canada, Which of the following have been cited as incidents of unethical business activity recently? 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} A. retaliation A process-oriented approach toward data ethics is well suited for data enthusiasts with limited resources in the fast-changing world of new technologies. Resource procurement and consumption practices is a branch of philosophy that seeks to address questions about moralitythat is, about concepts such as good and bad, right . C. teamwork eliminates a need for personal ethics. Integrity-based ethics is informal company behavior that evolves from individuals' desire to make things better for all.