Podcast
Questions and Answers
What is a key principle of corporate governance that emphasizes honesty and ethical practices within organizations?
What is a key principle of corporate governance that emphasizes honesty and ethical practices within organizations?
- Transparency (correct)
- Confidentiality
- Innovation
- Diversity
How does a Code of Corporate Governance primarily influence corporate behavior?
How does a Code of Corporate Governance primarily influence corporate behavior?
- By promoting consumerism
- By enhancing competitive advantage
- By establishing ethical standards for decision-making (correct)
- By increasing regulatory pressure
Which of the following is an ethical consideration that affects consumer rights in marketing practices?
Which of the following is an ethical consideration that affects consumer rights in marketing practices?
- Aggressive advertising strategies
- Limited distribution channels
- Honesty in product representation (correct)
- Manipulative pricing tactics
What can be a consequence of unethical sales practices for a corporation?
What can be a consequence of unethical sales practices for a corporation?
Incorporating consumerism in corporate governance primarily aims to protect what?
Incorporating consumerism in corporate governance primarily aims to protect what?
What is one common unethical issue in technology that affects stakeholders?
What is one common unethical issue in technology that affects stakeholders?
What is one major impact of engaging in price fixing on a company's reputation?
What is one major impact of engaging in price fixing on a company's reputation?
Which of the following is a consequence of fraudulent sales practices for consumers?
Which of the following is a consequence of fraudulent sales practices for consumers?
How do fraudulent practices impact competitors in the marketplace?
How do fraudulent practices impact competitors in the marketplace?
What is a key effect of false advertising on consumer behavior?
What is a key effect of false advertising on consumer behavior?
What long-term consequence may a company face if implicated in fraud?
What long-term consequence may a company face if implicated in fraud?
Which unethical marketing practice involves exaggerating product benefits?
Which unethical marketing practice involves exaggerating product benefits?
What is the primary purpose of consumer protection laws?
What is the primary purpose of consumer protection laws?
Which practice is considered unethical in marketing?
Which practice is considered unethical in marketing?
What is a key aspect of ethical sales practices?
What is a key aspect of ethical sales practices?
How should businesses approach consumer data according to ethical technology practices?
How should businesses approach consumer data according to ethical technology practices?
Which of the following represents fair treatment for consumers?
Which of the following represents fair treatment for consumers?
What role do consumer advocacy groups serve?
What role do consumer advocacy groups serve?
What is the ethical consideration regarding the use of artificial intelligence?
What is the ethical consideration regarding the use of artificial intelligence?
What aspect of ethical marketing involves respecting consumer privacy?
What aspect of ethical marketing involves respecting consumer privacy?
What is one primary ethical principle highlighted in the content regarding business practices?
What is one primary ethical principle highlighted in the content regarding business practices?
What is an example of deceptive selling mentioned in the content?
What is an example of deceptive selling mentioned in the content?
How can price fixing negatively impact consumers?
How can price fixing negatively impact consumers?
What is a potential impact of deceptive selling on a company's reputation?
What is a potential impact of deceptive selling on a company's reputation?
What is the consequence of unethical sales practices on market dynamics?
What is the consequence of unethical sales practices on market dynamics?
What effect does price fixing have on competitors who do not participate in it?
What effect does price fixing have on competitors who do not participate in it?
What does consumerism focus on in the context of ethical business practices?
What does consumerism focus on in the context of ethical business practices?
Why is transparency crucial in the business-consumer relationship?
Why is transparency crucial in the business-consumer relationship?
What is one of the harmful impacts of deceptive selling on competitors?
What is one of the harmful impacts of deceptive selling on competitors?
Which of the following is NOT an ethical concern related to sales practices?
Which of the following is NOT an ethical concern related to sales practices?
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Study Notes
Corporate Governance
- Corporate governance focuses on principles, structures, and processes within organizations, emphasizing transparency, accountability, and ethical conduct.
- A Code of Corporate Governance guides ethical corporate behavior and decision-making.
Consumerism
- Consumerism aims to protect consumer rights and interests.
- Ethical considerations in marketing, sales, and technology are crucial for fair treatment, consumer protection, and transparency.
Unethical Issues in Sales
- Deceptive selling involves providing false or misleading information to consumers.
- Price fixing occurs when competitors collude to set prices, eliminating market competition.
- Fraudulent sales practices include intentional deception for financial gain.
- Unethical sales practices harm consumers, competitors, and the company's reputation.
Unethical Issues in Marketing
- False advertising involves making misleading or inaccurate claims about products or services.
- Manipulation of information uses deceptive tactics to influence consumer decisions.
- Invasion of privacy occurs when companies collect and use consumer data without consent.
Unethical Issues in Technology
- Cybercrime includes hacking, identity theft, and financial fraud.
- Misuse of Artificial Intelligence (AI) involves deploying AI systems in unethical ways, such as biased algorithms or surveillance without consent.
- Ethical challenges in technology development include workplace diversity, responsible innovation, and societal impacts.
Responsibilities of Tech Companies
- Develop cybersecurity measures to protect against unauthorized access.
- Implement ethical AI principles, emphasizing fairness, transparency, and accountability.
- Conduct ethical impact assessments for new technologies.
- Prioritize diversity and inclusion in tech teams.
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