Podcast
Questions and Answers
Ethics are involved in decision-making at all levels within an organization.
Ethics are involved in decision-making at all levels within an organization.
True
There are universally accepted approaches to resolving ethical issues in organizations.
There are universally accepted approaches to resolving ethical issues in organizations.
False
Organizational principles, values, and norms can originate from legal systems.
Organizational principles, values, and norms can originate from legal systems.
True
Ethical decisions are made solely based on existing rules.
Ethical decisions are made solely based on existing rules.
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Values and judgments are not important in the ethical decision-making process.
Values and judgments are not important in the ethical decision-making process.
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Morals define a person's personal philosophies about what is right and wrong.
Morals define a person's personal philosophies about what is right and wrong.
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Principles are flexible guidelines that can be changed according to the situation.
Principles are flexible guidelines that can be changed according to the situation.
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Values are temporary beliefs that can easily shift over time.
Values are temporary beliefs that can easily shift over time.
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Human rights are considered a type of principle.
Human rights are considered a type of principle.
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Trust and integrity are examples of morals.
Trust and integrity are examples of morals.
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Misuse of company resources refers to the inappropriate use of assets owned by the company.
Misuse of company resources refers to the inappropriate use of assets owned by the company.
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Accounting fraud is categorized as a minor offense in workplace misconduct.
Accounting fraud is categorized as a minor offense in workplace misconduct.
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Employee theft includes stealing physical items from the workplace.
Employee theft includes stealing physical items from the workplace.
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Harassment in the workplace can be limited to only physical actions.
Harassment in the workplace can be limited to only physical actions.
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Bribery is a form of workplace misconduct that can compromise ethical standards.
Bribery is a form of workplace misconduct that can compromise ethical standards.
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Having good individual morals is sufficient to prevent ethical misconduct in business.
Having good individual morals is sufficient to prevent ethical misconduct in business.
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The Protestant work ethic promoted frugality and hard work as essential components for success in capitalism.
The Protestant work ethic promoted frugality and hard work as essential components for success in capitalism.
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Before 1960, there was significant focus on theological discussions related to business ethics.
Before 1960, there was significant focus on theological discussions related to business ethics.
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Business ethics decisions are always straightforward and easy to resolve.
Business ethics decisions are always straightforward and easy to resolve.
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Catholic social ethics addressed issues such as workers' rights and living wages.
Catholic social ethics addressed issues such as workers' rights and living wages.
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The Consumer Bill of Rights established in the 1960s included the right to profitability.
The Consumer Bill of Rights established in the 1960s included the right to profitability.
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Corporate social responsibility in the 1970s emphasized maximizing positive impacts on stakeholders.
Corporate social responsibility in the 1970s emphasized maximizing positive impacts on stakeholders.
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By the 1980s, business ethics was widely recognized as an accepted field of study.
By the 1980s, business ethics was widely recognized as an accepted field of study.
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Ralph Nader played a minor role in influencing business ethics during the 1960s.
Ralph Nader played a minor role in influencing business ethics during the 1960s.
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The rise of social issues in business occurred primarily in the 1980s.
The rise of social issues in business occurred primarily in the 1980s.
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The 1960s marked the beginning of significant ethical discussions in businesses due to increased consumerism.
The 1960s marked the beginning of significant ethical discussions in businesses due to increased consumerism.
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Corporate social responsibility primarily focuses on maximizing profits for shareholders.
Corporate social responsibility primarily focuses on maximizing profits for shareholders.
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The establishment of ethics committees in the 1980s indicated a growing acknowledgment of business ethics.
The establishment of ethics committees in the 1980s indicated a growing acknowledgment of business ethics.
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John F. Kennedy's Consumer Bill of Rights included the right to privacy as one of its core components.
John F. Kennedy's Consumer Bill of Rights included the right to privacy as one of its core components.
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The 1970s saw the inception of business ethics as a distinct field of study.
The 1970s saw the inception of business ethics as a distinct field of study.
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The Sarbanes-Oxley Act, enacted in 2002, increased regulations related to accounting.
The Sarbanes-Oxley Act, enacted in 2002, increased regulations related to accounting.
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The 1990s saw a decline in the institutionalization of business ethics.
The 1990s saw a decline in the institutionalization of business ethics.
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Health-related issues began to be more regulated by federal guidelines in 1990.
Health-related issues began to be more regulated by federal guidelines in 1990.
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A company can potentially reduce penalties through preventative actions against misconduct.
A company can potentially reduce penalties through preventative actions against misconduct.
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Public demand for improved ethical standards has decreased in the 21st century.
Public demand for improved ethical standards has decreased in the 21st century.
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Employees who are engaged with their organization are likely to contribute to its overall commitment.
Employees who are engaged with their organization are likely to contribute to its overall commitment.
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A company's reputation has no impact on investor loyalty.
A company's reputation has no impact on investor loyalty.
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Negative publicity can jeopardize a company's long-term viability.
Negative publicity can jeopardize a company's long-term viability.
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Employees are primarily concerned with ethical standards in the workplace rather than their immediate benefits.
Employees are primarily concerned with ethical standards in the workplace rather than their immediate benefits.
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An ethical culture within a company is linked to its efficiency and productivity.
An ethical culture within a company is linked to its efficiency and productivity.
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Companies that are socially responsible tend to have higher customer trust and satisfaction.
Companies that are socially responsible tend to have higher customer trust and satisfaction.
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Profit is not necessary for companies to fulfill their responsibilities.
Profit is not necessary for companies to fulfill their responsibilities.
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Ethics in business have transitioned from being just a compliance standard to an essential part of business strategy.
Ethics in business have transitioned from being just a compliance standard to an essential part of business strategy.
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Ethical conduct has no significant impact on a company's competitive position or profits.
Ethical conduct has no significant impact on a company's competitive position or profits.
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Customer satisfaction is irrelevant to a business's overall success.
Customer satisfaction is irrelevant to a business's overall success.
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Study Notes
Chapter #1: Introduction to Business Ethics
- Ethics are a part of decision-making at all levels
- Questions and principles
- Ethics are important, whether universally accepted or not
- there are issues, norms, beliefs etc that need to be considered and addressed
Definition of ethics
- Morals: Refers to a person's personal philosophies about what is right and wrong.
- Principles: Specific and pervasive boundaries for behavior that should not be violated (human rights, freedom of speech, and justice).
- Values: Norms, beliefs, and ideals that are socially enforced. (Honesty and integrity)
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Description
This quiz explores the role of ethics in organizational decision-making. It covers key concepts such as morals, values, principles, and the implications of ethical issues in the workplace. Additionally, it examines how these concepts relate to workplace misconduct and stakeholder trust.
