Corporate Social Responsibility and Ethics Quiz
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Questions and Answers

What is one essential aspect of integrity?

  • Acting in accordance with a personal code of principles (correct)
  • Changing moral codes depending on the situation
  • Ignoring the opinions of others
  • Manipulating others for personal gain

    • Consistency is easily achieved in all situations according to one’s moral standards.

    False

    What does extending the same respect to others imply in the context of ethics?

    It means treating others as one expects to be treated themselves.

    Applying the same moral codes in all situations demonstrates ______.

    <p>integrity</p> Signup and view all the answers

    Match the following terms with their definitions:

    <p>Integrity = Acting in accordance with a personal code of principles Respect = Extending the same consideration that one expects to receive from others Inconsistency = When moral standards are applied differently in various situations Moral codes = The systems of principles that guide ethical behavior</p> Signup and view all the answers

    What is one reason to foster corporate social responsibility (CSR)?

    <p>Gain the goodwill of the community</p> Signup and view all the answers

    A corporate code of ethics is unnecessary in modern organizations.

    <p>False</p> Signup and view all the answers

    What is the primary focus of supply chain sustainability?

    <p>Meeting current needs without compromising future generations' ability to meet theirs.</p> Signup and view all the answers

    The five-step model for decision making includes defining the problem, identifying alternatives, choosing an alternative, implementing the decision, and __________.

    <p>monitoring the results</p> Signup and view all the answers

    Match the following measures to improve business ethics with their descriptions:

    <p>Appoint a corporate ethics officer = Manages ethical standards Conduct social audits = Assesses social impact Require employees to take ethics training = Educates employees on ethical practices Establish a corporate code of ethics = Sets ethical guidelines for the organization</p> Signup and view all the answers

    Which of the following is an important consideration when making ethical decisions?

    <p>Guidelines and principles</p> Signup and view all the answers

    Creating an ethical work environment can improve business practices.

    <p>True</p> Signup and view all the answers

    What can be included in employee appraisals to promote ethical behavior?

    <p>Ethical criteria</p> Signup and view all the answers

    What is one trend that has increased the risk of unethical behavior in businesses?

    <p>Challenging economic climate</p> Signup and view all the answers

    Corporate Social Responsibility (CSR) only focuses on the needs of shareholders.

    <p>False</p> Signup and view all the answers

    What does supply chain sustainability strive to achieve?

    <p>It strives to meet the needs of the present without compromising the ability of future generations to meet their needs.</p> Signup and view all the answers

    The increase in _______ by employees, shareholders, and regulatory agencies has heightened the risk of financial loss for unethical businesses.

    <p>vigilance</p> Signup and view all the answers

    Match the following responsibilities to the relevant stakeholder groups:

    <p>Shareholders = Expect profit and return on investment Consumers = Seek quality and ethical products Employees = Desire fair treatment and job security Community = Look for organizational involvement and support</p> Signup and view all the answers

    Which term refers to personal principles an individual uses to determine right and wrong?

    <p>Morals</p> Signup and view all the answers

    Ethics is a system of rules enforced by institutions.

    <p>True</p> Signup and view all the answers

    What type of acts conform to the law?

    <p>Legal acts</p> Signup and view all the answers

    Morals are based on an individual's personal __________.

    <p>principles</p> Signup and view all the answers

    Which of the following statements is true?

    <p>Legal acts comply with established laws.</p> Signup and view all the answers

    Define ethics in your own words.

    <p>A code of behavior defined by a group.</p> Signup and view all the answers

    The code of behavior that governs a group is known as __________.

    <p>ethics</p> Signup and view all the answers

    Match the following concepts with their descriptions:

    <p>Morals = Personal principles that dictate right and wrong Ethics = Code of behavior defined by a group Law = System of rules enforced by institutions Legal acts = Actions that conform to the law</p> Signup and view all the answers

    Which group is NOT involved in the communication of an organization's ethical and social responsibility goals?

    <p>Competitors</p> Signup and view all the answers

    Ethics training for employees aims to discourage reporting of misconduct.

    <p>False</p> Signup and view all the answers

    What are two goals of ethics training for employees?

    <p>Encourage reporting of misconduct and reassure employees about retaliation.</p> Signup and view all the answers

    Organizations conduct a social audit to review their ethical and social responsibility ______.

    <p>goals</p> Signup and view all the answers

    Match the ethical criteria with their descriptions:

    <p>Treating others fairly = Ensuring respect in interactions Operating effectively in a multicultural environment = Adapting to diverse cultural dynamics Accepting personal accountability = Taking responsibility for one's actions Operating openly and honestly = Fostering transparency with stakeholders</p> Signup and view all the answers

    What is a primary benefit of employees undergoing ethics training?

    <p>Enhanced ability to report misconduct</p> Signup and view all the answers

    Ethical criteria in employee appraisals include operating secretly to achieve goals.

    <p>False</p> Signup and view all the answers

    Name one group that receives communication about an organization's ethical goals.

    <p>Employees, investors, customers, suppliers, market analysts, or government agencies.</p> Signup and view all the answers

    Study Notes

    Corporate Social Responsibility (CSR)

    • An organization is responsible for the impact of its actions on shareholders, consumers, employees, the community, the environment, and suppliers.
    • Supply chain sustainability: meeting current needs without compromising future generations.
    • Reasons to foster CSR and good business ethics:
      • Gain community goodwill.
      • Create a consistently operating organization.
      • Foster good business practices.

    Measures to Improve Business Ethics

    • Appointing a corporate ethics officer.
    • Requiring the board of directors to set and model high ethical standards.
    • Establishing a corporate code of ethics.
    • Conducting social audits.
    • Requiring employees to take ethics training.
    • Including ethical criteria in employee appraisals.
    • Creating an ethical work environment.

    Ethical Decision Making

    • Use a five-step model: define the problem, identify alternatives, choose an alternative, implement the decision, and monitor the results.
    • Incorporate ethical considerations into decision making: weigh laws, guidelines, and principles, and consider the impact of the decision.

    Ethics, Morals, and Laws

    • Morals: personal principles an individual uses to determine right and wrong.
    • Ethics: code of behavior defined by the group to which an individual belongs.
    • Law: system of rules enforced by institutions that dictate what we can and cannot do.
    • Legal acts conform to the law.
    • Moral acts conform to what an individual believes is the right thing to do.
    • Complex work environments across diverse cultures make applying principles and codes of ethics consistently more difficult.
    • Challenging economic times increase the pressure on organizations to maintain revenue and profits.
    • Increased vigilance by employees, shareholders, and regulatory agencies increases the risk of financial loss and lawsuits for unethical businesses.

    Corporate Social Responsibility

    • Companies take responsibility for the impact of their actions.
    • Supply chain sustainability is a key component.

    Social Audit

    • An organization reviews its ethical and social responsibility goals and communicates upcoming year goals.
    • Information is shared with employees, investors, market analysts, customers, suppliers, government agencies, and the community.

    Ethics Training for Employees

    • A comprehensive ethics education program encourages ethical behavior and shows employees how to apply the code of ethics in real life.
    • Goals of ethics training:
      • Encourage employees to report misconduct.
      • Show employees how to report incidents effectively.
      • Reassure employees that feedback will be acted upon and that they won't face retaliation.

    Ethical Criteria in Employee Appraisals

    • Treating others fairly and with respect.
    • Operating effectively in a multicultural environment.
    • Accepting personal accountability.
    • Continually developing others and themselves.
    • Operating openly and honestly with suppliers, customers, and other employees.

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    Related Documents

    Ethics in Information Technology PDF

    Description

    Test your knowledge of Corporate Social Responsibility (CSR) and the importance of business ethics. This quiz covers the impact of organizational actions, measures to enhance ethical standards, and the ethical decision-making process. Challenge yourself and understand how to create a sustainable and ethically responsible business environment.

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