Conversely, when unethical behavior was commonplace, the quality of service had a much-diminished impact on the success of business operations. protect them from retaliation Explanation Marketing, Finance, Sales), technical roles (e.g. Multiple select question. \text{Retained Earnings, Jan. 1, 2016} & 4,800 & & \\ Corporate policy refers to the position a firm takes on ______________ and __________________ issues. internal investigation. C. Education and training likely to perform better financially 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. U.S. economist Milton Friedman believed that the only social responsibility of the corporation was to its stockholders. Internal Audit Company Protection Act True 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. E. help restore confidence in Corporate America and Canada. \text{Total production cost} & \text{\$ 9.20}\\ C. It is the law in the U.S. D. Employees. Multiple Choice likely to perform worse financially, Many companies believe they have a role in promoting ______ ______ that goes way beyond simply "giving back." C. An ethics office must be set up. it attracts and retains customers The last recession changed the way many companies offer support to people and communities in need. 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. Multiple choice question. Fraud How can. for the welfare of society as a whole, about being fair and honest with their stakeholders It does not subtract from the bottom line; it adds to it. Amber was observing an example of the ___________ followed at this organization. Multiple Choice is costly, but worthwhile in reaching specific customers Multiple Choice social media 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. Proponents of corporate social responsibility strongly believe in benevolence; however, they still want their businesses to be profitable. It is actually a structure of moral principles and code of conduct applicable to a business. If the verb is already correct, write C above it. Jake knew that several other employees followed strict company policy every day and always wore their headgear; yet, they were not being acknowledged for their compliance. A. Whistleblower [A] outsourcing enforcement of the laws to private firms If a business fails in meeting its responsibilities to its employees, all of the following are likely to occur except: If the statement "ethics is caught more than it is taught" is true, then management facilitates this by: What motivated the unethical behavior of real estate agents, lenders, and borrowers that led to the financial crisis of 2008? C. limiting the opportunity to behave unethically by providing rewards for violations of the rules and (A) are just part of doing business The moral and ethical standards by which leaders are judged are far stricter than in the past. Shared accountability among employees. lower ethical standards than in the past. A person who demonstrates ethical behavior demonstrates a strong moral code and a consistent set of values. The employment of ethical business practices can enhance overall corporate health in three important areas. When managers appear to disregard ethical concerns, the likely results would include: A. reduced employee turnover. B. improve corporate profits. Distributors. Corporate social responsibility is a business's concern for: Those who oppose corporate social responsibility believe that 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 Periodically asking every employee to evaluate the company's ethics performance. According to recent U.S. Census Bureau research volunteerism is at an all-time high, but A. 1. One employee whose name was at the top of everybody's list was instrumental in helping another employee who failed to wear his protective headgear to avoid suffering a serious head injury. firms should take added caution not to support government programs that protect the environment. fascism corporate inclusion policy Integrity-driven ethics codes Explanation A. profits. C. Watch tower sentinel Noones;C\underline{\text{\color{#c34632}No ones; C}}Noones;C. human resource support staff [B] They may choose to cancel orders when there are human rights abuses. draw more customers, retain better employees social audit. There are a number of reasons why businesses should act ethically: to protect its own interest; to protect the interests of the business community as a whole so that the public will have trust in it; to keep its commitment to society to act ethically; to meet stakeholder expectations; to prevent . Prepare computations showing how much profits will increase or decrease as a result of making the starters. demanding socially responsible behavior from international suppliers, particularly in the areas of environmental standards and human rights issues. There is significant pressure on U.S. companies to separate themselves from suppliers who violate human rights and environmentally progressive guidelines. Having constant conversations and reminders makes it less likely an employee will break a rule or have a low-quality output. Other countries also follow capitalist principles. On the line provided after the sentence, write the possessive form of the underlined words. A. guilt payments. At a college, a code of ethics could include being honest and unbiased when grading and being a catalyst for diverse perspectives in the classroom. asking suppliers to lower their standards to be in compliance with many Americans decide what's ethical based upon the situation in which they find themselves. Bake ethics into your company by establishing a code of ethics and reinforcing its principles with your team regularly. Its easier for a business to retain employees when they work for a company that they believe in. According to Norman Vincent Peale, which of the following questions should Jake refer to as he proceeds to make an ethical decision? corporate social responsibility, Corporate social responsibility is when businesses are concerned Determining what is involved for a firm to be socially responsible: A. is easy. corporate raider divisions. benevolence can lead to a vote of no confidence by company stakeholders. profitable charities This is an example of corporate: Practice deception regarding product safety issues. Think about a business that hires only family or one that gives inappropriate incentives, for example. B. an individual's behavior is influenced by the behavior of others. the federal government D. Structural commitment, Corporate ________ encompasses various issues such as setting minority hiring practices, manufacturing safe products, and minimizing pollution. Though discrimination and harassment laws have been put in place and continue to be updated . Demanding Ethical and Socially Res, Intro-Into-Business: Ch. Therefore, it is the most significant resource to run or upgrade any business. Business ethics concerns ethical dilemmas or controversial issues faced by a company. There are a wide variety of examples of ethical behavior in the workplace. Encouraged by the new Sarbanes-Oxley Act, individuals who report unethical or illegal behavior within an organization are [A] few losses to investors Multiple select question. Mistakes and misunderstandings are bound to happen in any work setting. Often, business ethics involve a system of practices and procedures that help build trust with the. School McMaster University; Course Title COMMERCE 1E03; Type. \text{Rent} & \text{0.30} & \text{\$ 12.000}\\ It seeks to promote honesty, fairness, and responsibility in all advertising. 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? because strict global regulations require it Corporate values are: Ethical business norms must be adhered to not only by company managers but by all employees of companies without exception. True Dodd-Frank Wall Street Reform and Consumer Protection Act Putting Ethical Design into Practice. Are Workplace Politics Destroying Your Business? Ethics is a notoriously difficult subject because everyone has subjective judgments about what is "right" and what is "wrong.". Multiple Choice E. Consumer safety information, Which of the following is NOT one of the "Business System Design and Development" responsibilities? C. Operational initiatives A. Diversity and discrimination B. They should display behavior that is honest and fair in their relationships with co-workers and their clients. Multiple choice question. A. expanding the opportunity to behave ethically by providing rewards for following the rules. Explanation . (C) gains for investors in 2008 and 2009 U.S. law does not require U.S. firms to comply because of competitive advantage concerns. D. structure and strategy. If an underlined word is already in the correct possessive form, write a C on the line. responsible management of human resources, responsible management of human resources. The dimension of social responsibility known as _________________responsibility includes everything from hiring minority workers to making safe products, minimizing pollution, using energy wisely, and providing a safe work environment. B. philanthropy C. moral philosophy. school districts varies among those who are interested in corporate responsibility. Should an instance occur, the result could be devastating to your company's finances and reputation. unethical Dodd-Frank Wall Street Reform and Consumer Protection Act. Discrimination and Harassment.
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