Ethics in Business Practices

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What is one aspect of the three-pronged approach companies use to address ethics and social responsibility?

Corporate growth strategies

Corporate philanthropy (correct)

Market expansion

Employee satisfaction

Which behavior is identified as unethical within an organization?

Participating in training programs

Providing constructive feedback

Lying to employees (correct)

Prioritizing team goals over personal gain

How has technology influenced unethical behavior in organizations?

By expanding opportunities for misconduct (correct)

By simplifying communication

By enhancing employee productivity

By increasing regulatory oversight

Which statement best describes how individuals influence the ethical environment of their organization?

They can impact the organization through personal ethics Signup and view all the answers

What can be considered a result of an individual's unethical behavior at work?

Safety violations Signup and view all the answers

What is the definition of business ethics?

The standards of conduct and moral values governing work actions and decisions. Signup and view all the answers

Which of the following best describes social responsibility in a business context?

Enhancing society’s welfare through business decisions. Signup and view all the answers

How can businesses act responsibly to satisfy society?

By engaging in corporate philanthropy and ethical practices. Signup and view all the answers

What is a factor that shapes an organization's ethical conduct?

The organization’s ethical climate. Signup and view all the answers

Which statement is true about codes of conduct in organizations?

They support and encourage doing the right things. Signup and view all the answers

Which of the following illustrates a stakeholder responsibility for businesses?

Balancing the interests of customers, employees, investors, and society. Signup and view all the answers

What is the relationship between business ethics and moral values?

Moral values dictate the standards by which business ethics are formed. Signup and view all the answers

What role does ethical climate play in decision-making within a business?

A positive ethical climate encourages ethical decision-making. Signup and view all the answers

What is a major benefit of Corporate Social Responsibility for consumers?

Improved brand reputation Signup and view all the answers

Which question is NOT included in the Ethical Decision Making Framework at Starbucks?

How would your approach affect employee morale? Signup and view all the answers

What is one requirement of the Sarbanes-Oxley Act for companies?

Development of ethical compliance programs Signup and view all the answers

What is one attribute of ethical behavior that executives must demonstrate?

Use clear, explicit language Signup and view all the answers

What is a key focus of Coca-Cola’s Global Sustainability Goals?

Supporting women's initiatives Signup and view all the answers

Which group is NOT considered a stakeholder according to the social responsibility framework?

Competitors Signup and view all the answers

Which statement about the business environment is accurate?

The vast majority of businesses are ethical. Signup and view all the answers

How does Starbucks rank in terms of social responsibility?

Number one according to Fortune Magazine Signup and view all the answers

What is a key component of measuring a firm's social performance?

Social audits Signup and view all the answers

Which practice is NOT part of promoting ethical leadership?

Reward unethical behavior Signup and view all the answers

What is a significant feature of the oversight board established by the Sarbanes-Oxley Act?

It regulates public accounting firms auditing financial records. Signup and view all the answers

What is one consequence of an ethical business environment on investors?

Greater trust in corporate governance Signup and view all the answers

Which of the following is a qualitative measure of social responsibility?

Environmental concerns Signup and view all the answers

What type of workplace condition is considered in measuring a firm's social responsibility?

Safe and healthy workplace Signup and view all the answers

What is one effect of high-profile investigations on businesses?

Promotes a culture of accountability and transparency Signup and view all the answers

What does the term 'trickle-down' effect refer to in the context of ethical leadership?

Positive ethical behavior filtering through the organization Signup and view all the answers

What is the primary purpose of a code of conduct in an organization?

To define how the organization expects employees to resolve ethical questions Signup and view all the answers

Which of the following is NOT one of the core values emphasized in a code of conduct?

Maximize profits at all costs Signup and view all the answers

What role does ethics training play in a business environment?

It gives employees the chances to apply ethical values to hypothetical situations Signup and view all the answers

How does awareness contribute to an ethical climate in a business?

By helping employees identify ethical problems Signup and view all the answers

Which of these is a proposed approach for enhancing ethical decision-making in firms?

Incorporating an employee hotline with ethics officers Signup and view all the answers

What is a major concern among some individuals regarding ethics?

Many believe ethics cannot be taught at all Signup and view all the answers

What is one benefit of setting realistic goals in ethical decision-making?

It helps transform decisions into ethical actions Signup and view all the answers

What fundamental issue arises from ethical dilemmas within organizations?

They can lead to an ethical climate collapse Signup and view all the answers

What does a country's true wealth primarily rely on?

Its people Signup and view all the answers

Which of the following is NOT a benefit of corporate philanthropy?

Increased production costs Signup and view all the answers

What is the effect of cause-related marketing?

Promotes a company's sponsorship Signup and view all the answers

Which of the following describes consumerism?

The public's expectation for businesses to consider customer needs Signup and view all the answers

Which of the following rights do consumers NOT have?

The right to be exempt from liability Signup and view all the answers

What does product liability refer to?

Responsibility for damages caused by products Signup and view all the answers

The UPS Foundation believes that tree planting contributes to which of the following?

Improving environmental conditions Signup and view all the answers

Which of the following is a consequence of corporations donating to not-for-profit organizations?

Strengthened customer loyalty Signup and view all the answers