a business should be managed ethically because

Target is a business. 2. 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. The mortgage bankers and real estate companies who helped create the financial crisis of 2008 were driven by, Financial and political leaders can restore trust in the free market system by: Demanding Ethical and Socially Res, Intro-Into-Business: Ch. whistleblowers. The majority of CEOs blame unethical employee conduct on: (B) have higher turnover offering consumers more product choices, True or false: Bribery is a business practice unanimously held as an ethical violation across the globe. Who sets the standards of right and wrong as defined by ethics? 'Business' can also mean an entity that offers goods and services for exchange, i.e., that sells things. Which of the following is not one of the approaches associated with corporate social responsibility? All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. Read 'Storm' by Gary Paulsen, that you can find on the internet and answer the following question. [D] severe financial crises. What Does Ethical Decision Making Mean? G. R. Laczniak, M. W. Berkowitz, R. G. Brooker, and J. P. Hale (1995) provided evidence that business leaders feel unfairly . 1. corporate raider divisions. D. management is insensitive to ethical issues. According to Norman Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision? Example 1. [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 concern businesses have for the welfare of society, not just for their owners is: C. Operational initiatives \end{array} Consumers vote against firms they view as socially irresponsible by not A. boycotting the company's products. school districts Prepare the statement of retained earnings of Decorating Arrangements for the year ended December 31, 2016. Increasing public concern for the environment created by the ________________ movement has more businesses looking for environmentally friendly ways to do business. Though discrimination and harassment laws have been put in place and continue to be updated . [D] allows them to connect directly with customers. C. all levels of management. They need to take responsibility for what happened and be proactive in fixing it. 2. Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. There is significant pressure on U.S. companies to separate themselves from suppliers who violate human rights and environmentally progressive guidelines. A. the breakdown of traditional religious institutions. going to save money by not hiring those who are disabled 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. Integrity-based ethics codes Business Ethics - Stanford Encyclopedia Of Philosophy 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. compliance-based (D) occur in only a few countries. Why Should Businesses Act Ethically? - Business Ethics and Corporate D. varies from industry to industry. Which of the following would be a unique focus of an integrity-based ethics code? Think about a business that hires only family or one that gives inappropriate incentives, for example. I . Ethical behavior can have negative consequences to the bottom line in the long run. [D] businesses with good reputations attract customers. fairness, honesty, openness, _____________________________are insiders who report illegal or unethical behavior. B. The authors start from the assumption that most people wish to behave ethically. Startup Costs: How Much Cash Will You Need? (C) attract and retain better employees These define the company's guiding values, and most often it involves shared accountability. social audit. D. management is insensitive to ethical issues. enjoy greater employee loyalty A systematic evaluation of a company's progress toward implementing socially responsible programs is known as a(n)___________________ __________________ . Corporate social responsibility (CSR) is based on the belief that businesses should be concerned with the welfare of _______________ and not only of their owners. not concerned with the ethical or socially responsible behavior of their international suppliers. Packaging requirements \text{Retained Earnings, Jan. 1, 2016} & 4,800 & & \\ Although this was a noble act, Jake knew that the hero was frequently negligent about wearing his own headgear. The Dodd-Frank Wall Street Reform and Consumer Protection Act provides whistleblowers an award if their actions lead to an enforceable action or conviction. Study 19 Terms | Philosophy Flashcards | Quizlet leaving unethical behavior unpunished To manage these risks and the ethical obligations they imply, CDOs should work on developing institutional practices for continual learning and interaction with external experts. B. because strict global regulations require it. Customer care professional with experience in building customer loyalty, analyzing customer behavior, creative customer relationship . Business Ethics - Quick Guide - tutorialspoint.com \text{Cash} & 7,000 & \text{Equipment} & 26,600 \\ For example, a code of ethics at a doctors office might include putting the patient first and remaining understanding in tough situations. Which set of ethics codes defines an organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability? Although this can be a lot of work, it can also positively impact the bottom line, protect a companys brand and result in higher customer satisfaction. In a business setting, ethical behavior applies to any employee, team lead or supervisor. With regard to socially responsible behavior, American businesses are B. philanthropy (D) businesses cannot succeed in societies that fail. Business Ethics - A Successful way of conducting business internal search and occupy organizations. How to Manage a Business Effectively (7 Key Elements) [C] lack of trust in the free market system global policy Ethics are the standards of right and wrong set for us by society, whereas legality refers to. Integrity-based ethics codes tax officials. reducing regulations about labeling How does the action I am proposing to take make me feel about myself? Ethical business norms must be adhered to not only by company managers but by all employees of companies without exception. \text{Common Stock} & 8,500 & \text{Accounts Receivable} & 7,500 \\ B. being socially responsible is all about being ethical. Value (ethics and social sciences) - Wikipedia CSR can lead to even more profits. D. structure and strategy. E. Employee benefit programs. Shared accountability among employees. likely to perform better financially C. providing all relevant information about current and projected performance of the firm. C. energy consumption Multiple select question. For many years Futura Company has purchased the standard that it installs in its standard line of farm tractors. What Are Business Ethics and Why Are They Important? Business Should Always Be Ethically and Socially Responsible An important factor in enforcing ethics codes is selecting a(n) ________ ________. Multiple choice question. going to lose money by providing pay raises cultural and accountable Ethical issues are limited to for-profit organizations. Multiple select question. Article. 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. True or false: Social responsibility and ethical problems exist primarily in the U.S. because we have more laws about those problems. B. personal responsibility C. compliance Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. varies among those who are interested in corporate responsibility. Amber was observing an example of the ___________ followed at this organization. actual ethics. Chapter 4 - Business Flashcards | Quizlet commitment to maximizing shareholder profits in all decisions, Insiders, such as employees, who report concerns about a company's accounting or auditing practices are called: Which of the following facts best exemplifies the statement that "ethical problems are not unique to the United States"? Ethical behavior includes honesty, fairness, integrity and understanding. setting a good example. When implementing an ethics code, it is important to share it with all ___________________________because pressure to act unethically often comes from the outside. A. Explanation HR Ethical Dilemmas - SHRM Multiple choice question. D. shift the production of goods to foreign facilities and layoff Canadian workers. Businesses that violate ethics and engage in illegal activities can be subject to costly fines and lawsuits. Ethical behavior has significant upfront costs which may never be recovered. It is the right thing to do. An integrity-based ethics code defines the organization's guiding values, creates an environment that supports ethically sound behavior, and stresses shared accountability. The field of ethics is a branch of philosophy that seeks virtue and morality, addressing questions about "right" and "wrong" behavior for people in a variety of settings; the standards of behavior that tell how human beings ought to act. Unethical behavior by financial and real estate businesses has led to Multiple Choice social justice. Top management 4. Internal Audit Company Protection Act The findings reveal that quality service and an ethical business plan are essential to long-term business success. An ethical business will get your employees to respect your company . whistleblowers punishing unethical behavior and rewarding ethical behavior privately Multiple choice question. unethical ___________ _____________ ethics codes define an organization's guiding values, create an environment that supports ethically sound behavior, and stresses shared accountability. Determining what is involved for a firm to be socially responsible: A. is easy. These examples of ethical behaviors ensures maximum productivity output at work. Which of the following are reasons a business should be managed Whistleblowers are insiders who report illegal or unethical behavior. (A) 3 out of 4 citizens do not give any time to the communities in which they live (C) gains for investors in 2008 and 2009 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! As a product manager I have to wear different hats every day and I excel at . E. filing complaints with the company. 1. benevolence can lead to a vote of no confidence by company stakeholders. (D) make more money for investors in the short run. Certain studies have revealed some of the reasons why the companies on Ethispheres ethics index may have outperformed other less-ethically-focused businesses. Multiple choice question. SE Oklahoma's MBA Programs Teaches Ethics Deceptive advertising of medicines and toys Tejas Vemparala also contributed to this article. standards. ______________ ____________ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. Multiple choice question. Ethical Dilemmas: How Scandals Damage Companies B. limiting the opportunity to behave unethically by providing punishments for violations of the rules and It's the age-old reality: "Out-of-sight, out-of-mind." 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. Supervisor 2. Economist Milton Friedman believed that a business's only social responsibility was to make ________________for its owners and that anything else was socialism. 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, Chapter 18 APUSH The Victorian Era 1880-1917.

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