Questions and Answers
Which of the following statements is true of ethics?
Consumerism is a widely accepted social movement. Proponents of this movement believe that _____ is a right of all consumers.
the right to be informed
What should socially responsible employers ensure?
ensure that hard work, commitment, and talent pay off
Which of the following is the starting point of a social audit?
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Which of the following actions best demonstrates the practice of corporate responsibility?
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Which of the following is true about the steps that need to be taken by top managers in executing the integrated approach to the implementation of a code of ethics in an organization?
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Iris has been told by her boss that the company is planning to lay off some people and that only one employee in her department will be retained. In order to keep her job, Iris has to sabotage the professional image and good work of her colleagues or she will be laid off. This situation is an example of _____.
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A true ethical dilemma occurs when someone is forced to choose among bad options.
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Which of the following is the goal of sustainable development?
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Personal needs, culture, and the family of an individual influence his or her ethical choices.
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Study Notes
Ethics and Legality
- Legal actions do not always align with ethical standards; legality does not guarantee ethicality.
- Ethics involves principles that govern a person's or group's behavior, impacting decision-making beyond legal mandates.
Consumer Rights
- The movement of consumerism advocates for the right to be informed as a fundamental consumer privilege.
- Access to information empowers consumers to make educated choices in the marketplace.
Social Responsibility of Employers
- Employers are tasked with fostering an environment where hard work, commitment, and talent are recognized and rewarded.
- Social responsibility extends to ensuring fair treatment of employees, promoting ethical workplace practices.
Social Audits
- Establishing clear and measurable goals is essential at the onset of social audits.
- Social audits assess a company's performance in social responsibility and ethics, starting with goal-setting.
Corporate Responsibility
- Actively recruiting and supporting U.S. veterans exemplifies corporate responsibility.
- Companies demonstrating corporate responsibility engage in actions that benefit society as a whole, beyond profit motives.
Implementation of Ethics Code
- Top management must ensure the ethics code addresses both local and global concerns for comprehensive effectiveness.
- An integrated approach requires continuous execution and oversight by management to uphold ethical standards.
Ethical Dilemmas
- An ethical dilemma arises when an individual faces a choice between two morally conflicting options.
- Iris's situation highlights a classic ethical dilemma, emphasizing the pressure to undermine colleagues for personal gain.
True Ethical Dilemma Characteristics
- A true ethical dilemma occurs when individuals must choose from undesirable options, often involving conflict between personal and professional ethics.
- Challenging business decisions can lead to critical situations where ethical integrity is tested.
Sustainable Development
- The goal of sustainable development is to fulfill present-day needs without compromising the ability of future generations to meet their own needs.
- This concept emphasizes a balance between economic growth, environmental stewardship, and social equity.
Influence on Ethical Choices
- Personal needs, cultural background, and family upbringing significantly shape individual ethical frameworks.
- Recognizing these influences is crucial in understanding variations in ethical decision-making among individuals.
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Description
Explore the crucial concepts of ethics and legality within the context of business. This quiz covers consumer rights, the social responsibilities of employers, and the importance of social audits in maintaining ethical standards. Test your knowledge on how these elements interact in the corporate world.
