a business should be managed ethically because

[C] conducting objective investigations However, the company has sufficient idle tools and machinery that no new equipment would have to be purchased. 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. There is significant pressure on U.S. companies to separate themselves from suppliers who violate human rights and environmentally progressive guidelines. government-supported direct mail campaigns Customers demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. C. a loss of employee commitment and trust in the company and its management. D. employee retaliation by doing the minimum needed to get by. When an F5 (category 5) tornado hit a town in southern Missouri, the people that lived there needed the basics: food, water, and shelter. retain better employees Periodically asking every employee to evaluate the company's ethics performance. increasing control Multiple Choice What is the real risk-free rate of interest (r)\left(\mathrm{r}^*\right)(r) and the nominal risk-free rate (rRF)\left(\mathrm{r}_{\mathrm{RF}}\right)(rRF) ? Multiple select question. This indicates that: A. dancing around issues should be part of a firm's code of ethics. Ethical behavior can have negative consequences to the bottom line in the long run. unethical One strategy guaranteed to displease your customers is to: B. helping others socialism allows them to reach specific groups more directly, allows them to connect directly with customers It is actually a structure of moral principles and code of conduct applicable to a business. Ethical behavior includes honesty, fairness, integrity and understanding. concern for the welfare of society When Paulsen describes Storm, he also gives clues about his own personality. Business Ethics - Definition, Principles, Types, Examples - WallStreetMojo Ethical behavior includes honesty, integrity, fairness and a variety of other positive traits. D. the nation's business schools that tolerate unethical behaviour in students. Companies who are percieved as being socially responsible will ultimately earn more profits for their investors. 3 Reasons Why Business Ethics Is Important - Redlands Business Ethics - Stanford Encyclopedia Of Philosophy draw more customers, retain better employees An organization's managers instill corporate values and _____________ in employees by the examples they set. Business ethics helps to optimize company resources. Multiple choice question. (C) likely to perform worse financially socially conscious research organizations. Corporate philanthropy A business should be managed ethically for many reasons to maintain a good. (C) make students who know how to plagiarize well acceptable to employers Multiple choice question. Business ethics is the system of moral and ethical beliefs that directs the behaviors and operations of an organization and its personnel. A(n) _________________ ___________________ethics code creates an environment which supports ethically sound behavior by stating an organization's guiding values, shared responsibilities, and accountability. 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. Which of the following describes charitable donations by corporations to nonprofit organizations? Economist Milton Friedman believed that a business's only social responsibility was to make ____________ for its owners and that anything else was socialism. Research into ethics and business performance has shown the two are linked in some important ways. Multiple Choice Explanation Some common workplace ethics include trustworthiness, accountability, respect, transparency, and integrity. 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. Financial transparency They should display behavior that is honest and fair in their relationships with co-workers and their. B. In a business setting, ethical behavior applies to any employee, team lead or supervisor. The owners of Good Eats Restaurant in St. Louis drove several hours with a van of employees, equipment, and food to donate what they could to help the storm victims. B. Dont make ethics an afterthought in your company culture. List the most influential on top. There are several ways to encourage an ethical workplace culture, including establishing a companywide code of ethics. 23 Ethical & Unethical Behavior Examples in Workplace - Formpl Fraud \text{Supervision} & \text{1.50} & \text{\$ 60.000}\\ Insider trading refers to the discussion or leak of private, proprietary information about a firm that is not yet made public. All else held equal, socially responsible firms: A. are viewed more favourably by consumers. The primary value of using social media to communicate CSR efforts is that it allows companies to reach broad and diverse groups, allows them to connect directly with customers in a low-cost, efficient way, and enables them to interact with specific groups more easily than through more traditional efforts. Ignoring hazardous job conditions that exist in the company's facilities These define the company's guiding values, and most often it involves shared accountability. [B] it increases the likelihood of government intervention A. Internet \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ True or false: Individuals have social responsibilities regarding their ethical behavior in the business world. Employees and management alike can work together to create businesses that have high standards. \end{matrix} a clear set of rules and regulations higher ethical standards than in the past. 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. Corporate social responsibility describes the firm's: A. responsibility to their stockholders. Multiple choice question. Learn how to boost employee morale and create a better company Good leadership is central to the success of any business. Society 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. Corporate responsibility 8 Current Ethical Issues in Business (and How to Manage Them) (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 All of the following are reasons why a business should be managed ethically except: A. because it is the right thing to do. Ethics are the standards of right and wrong set for us by society, whereas legality refers to. An organization's managers instill corporate values and _____________________ in employees by the examples they set. benevolence can lead to a vote of no confidence by company stakeholders. A company's effectiveness and financial performance are most affected by responsible _________ _________ management. Ethics may seem like an intangible, but there is a clear connection to overall performance. Stresses shared accountability enjoy greater employee loyalty A. code of ethics. The ethics code must be enforced. Which of the following represent examples of how corporations set positive standards of ethical behavior? An environmentally friendly business: operates in a sustainable manner, causing minimal damage to the environment and using renewable resources where possible considers where its supplies come from and how they are madeit will work with environmentally responsible suppliers and source materials locally to reduce its carbon footprint A systematic evaluation of a company's progress toward implementing socially responsible programs is known as a(n)___________________ __________________ . Emphasizes strong penalties for wrongdoers Chapter 4. [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. D. Outsiders must be told about the ethics program. D. integrity. Top management 4. C. moral philosophy. The researchers also determined that businesses could take certain steps to rectify ethical lapses that impacted performance. Customer privacy policies and practices This will ensure the stability of all structural parts, help to form a sense of belonging to one community with the same goals and aspirations. A. customers This sort of behavior is not limited to the workplace; it can be present in every facet of life. This includes managers and subordinates, peers and clients. reaches broad and diverse groups A. based on a commitment to integrity and respect and C. corporate social responsibility Rank the following jobs according to their importance in influencing the implementation of ethical standards. stockholders What Are Business Ethics? Definition, Types and Examples Business principle (3) Flashcards | Quizlet Ethical standards are different from country to country. retaliation Should an instance occur, the result could be devastating to your company's finances and reputation. [D] businesses with good reputations attract customers. Studies have found a strong correlation between academic dishonesty and dishonesty at, Studies show that companies with reputations for good corporate social responsibility The You Design, We Build Company makes custom furniture of all kinds. Corporate social responsibility is a business's concern for: Those who oppose corporate social responsibility believe that 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. (D) affect hiring practices very little. Multiple Choice HR Ethical Dilemmas - SHRM Multiple choice question. C. structure and strategy. Think about a business that hires only family or one that gives inappropriate incentives, for example. What occurs when an employee exposes an employer's wrongdoing to outsiders? Explanation responsible management of human resources, responsible management of human resources. Ethical business norms must be adhered to not only by company managers but by all employees of companies without exception. Here are two examples of strategies for engaging it: First, make more of your decisions by comparing options rather than assessing each. The employees of a corporation are stakeholders who are affected by management practices. draw more customers, Many investors believe When it comes to ethics, _________________________sets the standards for moral behavior, that is behavior defined as right or wrong. HR professionals sometimes face ethical or moral dilemmas. Putting Ethical Design into Practice. A. reduced employee turnover. Reading: Global Business Ethics | International Business - Lumen Learning You're dealing with sensitive information As a business owner, you deal with sensitive information on the daily. corporate social initiative B. philanthropy [D] To avoid lawsuits, Effective ethics officers: Giving back to society An important factor in enforcing ethics codes is selecting a(n) ________ ________. Integrity-based ethics codes ______________ ____________ is the dimension of social responsibility that refers to a position a firm takes or statement it makes on social and political issues. 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. 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