10 Questions
What is the purpose of oversight in corporate governance?
To limit employees' opportunities to deviate from policies and strategies
How does accountability contribute to corporate governance?
By ensuring that workplace decisions align with the firm's strategic direction
What is the main goal of effective corporate governance?
To create a compliance and ethics culture within the organization
How does transparency impact organizational communication?
By promoting open communication and honesty
Why is alignment between standards and values important in an organization?
To ensure there is no conflict between what is believed and what is practiced
What are the three fundamental elements that motivate people to be fair?
Equality, reciprocity, and optimization
In business, what does reciprocity refer to?
An interchange of giving and receiving in social relationships
Why is discriminating based on gender, race, or religion considered unfair in business?
Because these qualities are irrelevant to a person's job performance
What is the main ethical issue raised regarding reciprocity in businesses?
The disparity in compensation between CEOs and employees
How does fairness overlap with justice, equity, and morality?
There is a shared quality of being just, equitable, and impartial
Explore the fundamental elements that motivate people to be fair in business operations. Learn about concepts of justice, equity, and morality, and how they overlap with the principle of fairness.
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