Ethics in Business Practices
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Questions and Answers

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?

    <p>They can impact the organization through personal ethics</p> Signup and view all the answers

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

    <p>Safety violations</p> Signup and view all the answers

    What is the definition of business ethics?

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

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

    <p>Enhancing society’s welfare through business decisions.</p> Signup and view all the answers

    How can businesses act responsibly to satisfy society?

    <p>By engaging in corporate philanthropy and ethical practices.</p> Signup and view all the answers

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

    <p>The organization’s ethical climate.</p> Signup and view all the answers

    Which statement is true about codes of conduct in organizations?

    <p>They support and encourage doing the right things.</p> Signup and view all the answers

    Which of the following illustrates a stakeholder responsibility for businesses?

    <p>Balancing the interests of customers, employees, investors, and society.</p> Signup and view all the answers

    What is the relationship between business ethics and moral values?

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

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

    <p>A positive ethical climate encourages ethical decision-making.</p> Signup and view all the answers

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

    <p>Improved brand reputation</p> Signup and view all the answers

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

    <p>How would your approach affect employee morale?</p> Signup and view all the answers

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

    <p>Development of ethical compliance programs</p> Signup and view all the answers

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

    <p>Use clear, explicit language</p> Signup and view all the answers

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

    <p>Supporting women's initiatives</p> Signup and view all the answers

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

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

    Which statement about the business environment is accurate?

    <p>The vast majority of businesses are ethical.</p> Signup and view all the answers

    How does Starbucks rank in terms of social responsibility?

    <p>Number one according to Fortune Magazine</p> Signup and view all the answers

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

    <p>Social audits</p> Signup and view all the answers

    Which practice is NOT part of promoting ethical leadership?

    <p>Reward unethical behavior</p> Signup and view all the answers

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

    <p>It regulates public accounting firms auditing financial records.</p> Signup and view all the answers

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

    <p>Greater trust in corporate governance</p> Signup and view all the answers

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

    <p>Environmental concerns</p> Signup and view all the answers

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

    <p>Safe and healthy workplace</p> Signup and view all the answers

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

    <p>Promotes a culture of accountability and transparency</p> Signup and view all the answers

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

    <p>Positive ethical behavior filtering through the organization</p> Signup and view all the answers

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

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

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

    <p>Maximize profits at all costs</p> Signup and view all the answers

    What role does ethics training play in a business environment?

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

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

    <p>By helping employees identify ethical problems</p> Signup and view all the answers

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

    <p>Incorporating an employee hotline with ethics officers</p> Signup and view all the answers

    What is a major concern among some individuals regarding ethics?

    <p>Many believe ethics cannot be taught at all</p> Signup and view all the answers

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

    <p>It helps transform decisions into ethical actions</p> Signup and view all the answers

    What fundamental issue arises from ethical dilemmas within organizations?

    <p>They can lead to an ethical climate collapse</p> Signup and view all the answers

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

    <p>Its people</p> Signup and view all the answers

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

    <p>Increased production costs</p> Signup and view all the answers

    What is the effect of cause-related marketing?

    <p>Promotes a company's sponsorship</p> Signup and view all the answers

    Which of the following describes consumerism?

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

    Which of the following rights do consumers NOT have?

    <p>The right to be exempt from liability</p> Signup and view all the answers

    What does product liability refer to?

    <p>Responsibility for damages caused by products</p> Signup and view all the answers

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

    <p>Improving environmental conditions</p> Signup and view all the answers

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

    <p>Strengthened customer loyalty</p> Signup and view all the answers

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