a business should be managed ethically because

reducing most costs (A) 3 out of 4 citizens do not give any time to the communities in which they live C. to attract new customers and retain existing customers. Explanation Synonym Discussion of Ethical. whistleblowers 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. Maximizing ethical conflict in work groups True Trust and cooperation between workers and managers must be based on which of the following? analysts. D. varies from industry to industry. The first day on the job waiting tables at a popular restaurant, Amber noticed that when one member of the waitstaff was serving a very large party, the other waiters would help carry food to the tables and even check to make sure water glasses were filled. The moral and ethical standards by which leaders are judged are far stricter than in the past. Chapter 4. Explanation Explanation Business ethics concerns ethical dilemmas or controversial issues faced by a company. A legal provision known as the _______________ provides a "bounty" provision for whistleblowers whose actions result in a legal conviction. Multiple Choice Which of the following is the BEST reason for a business to be managed ethically? for the welfare of society as a whole, about being fair and honest with their stakeholders C. teamwork eliminates a need for personal ethics. A business should be managed ethically because, businesses with good reputations attract customers. C. providing all relevant information about current and projected performance of the firm. reaches broad and diverse groups B. being socially responsible is all about being ethical. Supports ethically sound behavior Multiple choice question. D. concern for the welfare of society. Ethical behavior can have negative consequences to the bottom line in the long run. Multiple select question. higher ethical standards than in the past. When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. Noones;C\underline{\text{\color{#c34632}No ones; C}}Noones;C. 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. Which of the following statements is false? 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} fascism C. structure and strategy. whistleblowers Suppliers It also builds customer loyalty over time, creating a customer base that is likely to refer your business to others. Determining what is involved for a firm to be socially responsible: A. is easy. Demanding developing countries to adhere to U.S. law on human rights and the environment is not clear-cut. D. integrity. When implementing an ethics code, it is important to share it with all ___________________________because pressure to act unethically often comes from the outside. 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. insider trading. 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 supervisor would have to be hired to oversee production of the starters. They quickly bought shares of Italian Stallion and purchased the stock before the acquisition became public. compliance police. Explanation American businesses are demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. (C) occur in many countries This is the third year of operations for the company. Multinational corporations are committed to operating within the legal limits of U.S. law. C. limiting the opportunity to behave unethically by providing rewards for violations of the rules and Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. B. limiting the opportunity to behave unethically by providing punishments for violations of the rules and True [D] businesses with good reputations attract customers. Sean Peek has written more than 100 B2B-focused articles on various subjects including business technology, marketing and business finance. A high ethical standard extends to customers as well. corporate raiders. 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." Ethics may seem like an intangible, but there is a clear connection to overall performance. This includes managers and subordinates, peers and clients. An important factor in enforcing ethics codes is selecting a(n) _________________ __________________. Amber was observing an example of the ___________ followed at this organization. The Dodd-Frank Wall Street Reform and Consumer Protection Act provides whistleblowers an award if their actions lead to an enforceable action or conviction. Compliance-driven ethics standards Resource procurement and consumption practices B. This sort of behavior is not limited to the workplace; it can be present in every facet of life. 1. When Paulsen describes Storm, he also gives clues about his own personality. Though discrimination and harassment laws have been put in place and continue to be updated . capitalism True or false: Social responsibility and ethical problems exist primarily in the U.S. because we have more laws about those problems. Then, of course, there are the more serious consequences of highly unethical behavior. Business Ethics is important because it helps organizations create a code of conduct that they can rely on to make decisions. Management ethics can factor into issues including coworker interactions, conflicts of interest, customer safety, honest advertising, customer information security and the responsible use of corporate resources. Ethical behavior includes honesty, fairness, integrity and understanding. It is essentially a moral compass. Increased control over employee actions. When there is a standard of accountability at an organization, its people hold themselves and their peers to a standard of responsibility. 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. True false question. 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. concern for the welfare of society Multiple Choice This approach to ethics assumes a society comprising individuals whose own good is inextricably linked to the good of the community. True false question. 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? Personal projects ______ of the ethics code in a timely manner is the most forceful way to communicate its importance. Notes. Written ethics codes can be categorized as There is significant pressure on U.S. companies to separate themselves from suppliers who violate human rights and environmentally progressive guidelines. Studies have found a _____ correlation between academic dishonesty and dishonesty at work. The concern businesses have for the welfare of society, not just for their owners is: D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. In fact they contribute to it: 1. Typically, it is the kind of information where parties in the know can benefit. social media. Which of the following is a reason why a business should be managed ethically? In "Two Kinds," how does the narrator feel after the talent show? Write dialogue for an imaginary conversation between the speaker of When We Two Parted" and the person he addresses. Explanation \text{Common Stock} & 8,500 & \text{Accounts Receivable} & 7,500 \\ D. Integrity watchdog. Corporate social responsibility describes the firm's: A. responsibility to their stockholders. U.S. law does not require U.S. firms to comply because of competitive advantage concerns. whistleblowers. Stresses shared accountability D. buying the company's products. It does not subtract from the bottom line; it adds to it. Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? They should display behavior that is honest and fair in their relationships with co-workers and their clients. retaliation How are these two rates measured? D. shift the production of goods to foreign facilities and layoff Canadian workers. C. all levels of management. Your boss has prepared some questions for you to consider. Unethical businesses also lose favor with consumers. separating themselves from suppliers who violate. [C] The U.S. government will use military force to enforce labor laws.. Governments Explanation a clear set of rules and regulations Which of the following are examples of outside stakeholders that must be told about a company's ethics program? It's the age-old reality: "Out-of-sight, out-of-mind." C. Research practices 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. An organization's managers instill corporate values and _____________ in employees by the examples they set. An organization's managers instill corporate values and _____________________ in employees by the examples they set. Which of the following should help reduce the incidence of unethical behavior in an organization? Some common workplace ethics include trustworthiness, accountability, respect, transparency, and integrity. A. additional taxes [A] Influence peddling Scandals. decreased financial donations and eliminated support in almost every way. Other times, they may feel as though they are caught between what their higher-ups want them to do and what the law requires. Multiple select question. . Who sets the standards of right and wrong as defined by ethics? [D] requiring all bankers to sign ethical codes. A. A. 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. investors. Which of the following is NOT a part of an integrity-based ethics code? He also believed anything other than that would be considered: This guide breaks down the importance of business ethics and how to establish an ethical culture in your 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. corporate responsibility 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 Both economics and culture enter into the discussion of fairness concerning international suppliers who do business with U.S. firms. Packaging requirements (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: Corporate social responsibility (CSR) is the concern businesses have for the welfare and betterment of society. \end{matrix} HR professionals sometimes face ethical or moral dilemmas. 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. The _____________ _________________is a systemic evaluation of an organization's progress toward implementing socially responsible and responsive programs. Use the context of the sentences and what you know about the Latin root -cred- to explain your answer to each question. Reevaluating its ethics codes based on the input of its customers. Supervisor _______________- _______________ethics codes emphasize preventing unlawful behavior by increasing control and penalizing wrongdoers. E. Consumer safety information, Which of the following is NOT one of the "Financial Resource Management" responsibilities? holding international suppliers to different standards than American companies must adhere to in the United States. [C] can be trusted to maintain confidentiality She has asked you to give her information about what determines the level of various interest rates. A. C. business exists only to make money for shareholders. Corporate social responsibility is a business's concern for: Those who oppose corporate social responsibility believe that Its easier for a business to retain employees when they work for a company that they believe in. School McMaster University; Course Title COMMERCE 1E03; Type. TRUE There are many reasons why a business should be managed ethically : ( 1 ) to maintain a good reputation , ( 2 ) to keep existing customers , ( 3 ) to attract new customers , ( 4 ) to avoid lawsuits , ( 5 ) to reduce turnover , ( 6 ) to avoid government intervention , ( 7 ) to please customers , employees , and society , and ( 8 ) because it is the right thing to do . Noone\underline{\text{No one}}Noone attitude has improved as much as his\underline{\text{his}}his has. leaving unethical behavior unpunished Ethical business norms must be adhered to not only by company managers but by all employees of companies without exception. (B) it is using investors' money in ways they did not intend Establishing an ethical culture starts with company leadership and involves ongoing emphasis that ethical standards are respected. D. to please customers, employees, and society. [C] lack of trust in the free market system 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. Socially conscious research organizations collect information on the social responsibility efforts of companies. A company that has socially responsible human resources management is

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