Podcast
Questions and Answers
Which of the following constitutes an ethical violation related to financial responsibilities?
Which of the following constitutes an ethical violation related to financial responsibilities?
- Participating in workplace charity events
- Engaging in community service
- Prioritizing employee satisfaction
- Offering bribes for illegal benefits (correct)
Which factor is least likely to influence work ethics according to the discussed factors?
Which factor is least likely to influence work ethics according to the discussed factors?
- Economic Environment
- Political Environment
- Personal Beliefs (correct)
- Social Environment
What challenge is primarily associated with maintaining competitiveness in contemporary business environments?
What challenge is primarily associated with maintaining competitiveness in contemporary business environments?
- Increasing market share
- Strategic and Social Challenges (correct)
- Expanding customer service
- Rising wages
How have global economies been significantly transformed according to the discussed factors?
How have global economies been significantly transformed according to the discussed factors?
What has been a major consequence of the reduced involvement of government in business?
What has been a major consequence of the reduced involvement of government in business?
Which principle encourages individuals to correct past errors?
Which principle encourages individuals to correct past errors?
What is a key ethical practice that developed countries should avoid?
What is a key ethical practice that developed countries should avoid?
Which principle focuses on enhancing the lives of others?
Which principle focuses on enhancing the lives of others?
Which unethical practice involves employing individuals against their will?
Which unethical practice involves employing individuals against their will?
Which ethical principle involves the fair distribution of resources?
Which ethical principle involves the fair distribution of resources?
What defines an ethical dilemma in professional life?
What defines an ethical dilemma in professional life?
Which of the following is NOT a fundamental value of public service ethics?
Which of the following is NOT a fundamental value of public service ethics?
What is an essential question to resolve an ethical dilemma?
What is an essential question to resolve an ethical dilemma?
Which principle emphasizes the importance of treating all individuals fairly and without discrimination?
Which principle emphasizes the importance of treating all individuals fairly and without discrimination?
Which of the following describes the ethical rule that involves transparency in dealings?
Which of the following describes the ethical rule that involves transparency in dealings?
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Study Notes
Ethical Violations
- Corruption and Bribery: Offering bribes and engaging in fraudulent activities to gain illegal benefits.
- Tax Evasion: Deceiving the tax authorities and avoiding the payment of due taxes.
Factors Affecting Work Ethics
- Social Environment: Shapes individual behaviors and ethical orientations.
- Economic Environment: Affects ethical adherence in the workplace.
- Political Environment: Impacts individual actions and commitment to ethical principles.
Challenges Facing Businesses
- Strategic and Social Challenges: Restructuring operations to maintain competitiveness.
- Economic Changes: Dismissing employees amid economic shifts.
- Global Economic Changes: Free trade agreements and European economic integration have altered global economies.
- Ethical Expectations and Values: Society expects companies to operate ethically.
- The New Role of the State and Public Policies: Reduced government involvement creates new employment opportunities.
Ethical Principles in the Workplace
- Loyalty: Fulfilling promises and commitments.
- Reform: Correcting past errors.
- Acknowledging Merit: Recognizing the efforts and contributions of others.
- Justice: Fair distribution of resources.
- Benevolence: Improving the lives of others.
- Self-Improvement: Developing oneself through virtue and intelligence.
- Avoiding Harm to Others: Preventing material or spiritual harm.
Ethical Practices in Developed Countries
- Avoiding Conflicts of Interest: Preventing actions detrimental to the company's interests.
- Honesty and Transparency: Acting with integrity and avoiding deception.
- Environmental Protection: Commitment to not polluting during production processes.
- Child Labor Prohibition: Ensuring children's rights by not exploiting them.
- Respect for Intellectual Property: Protecting intellectual property rights and avoiding infringement.
- Bribery Prohibition: Acting with integrity and refusing to engage in bribery.
Unethical Practices in Developing Countries
- Forced Labor: Employing individuals involuntarily.
- Child Labor: Exploiting children in work.
- Long Working Hours and Unfair Wages: Lack of fair wages and suitable working conditions.
Ethical Dilemma
- Definition: A situation where ethical commitment conflicts with other requirements.
- Methodology: A methodology for resolving ethical dilemmas includes eight key questions to assess the ethical decision.
Work Values, Ethics, and Behaviors
- Adherence to regulations and laws: Employees must comply with applicable laws and regulations.
- Justice and impartiality: Treat everyone fairly without discrimination.
- Respect for time: Adherence to work schedules and productivity.
- Honesty and integrity: Employees must act honestly and sincerely in all their work.
- Preservation of organizational assets: Take care of company assets and avoid misuse.
- Developing skills: Employees are required to continuously develop professionally and academically.
Ethical Rules for Businessmen
- Honesty and Integrity: Dealing with others transparently.
- Preventing injustice: Adhering to fairness in all transactions.
- Humility: Leaders should treat employees and the community with humility.
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