Ethics in Organizations Quiz

Individuals or groups who have a vested interest in an organization's success, its actions, and its performance.

Stakeholders who work directly for the organization, contributing their skills and expertise.

Individuals or groups outside the organization who are affected by its actions.

Those who own shares in the organization, providing capital for operations.

Individuals responsible for planning, directing, and controlling organizational activities.

Individuals who contribute their skills and labor directly to the organization.

A system where individuals provide services on a temporary or project basis, often through online platforms.

The dispersal of traditional jobs into smaller, independent tasks often performed by gig workers.

The total value of goods and services traded within the gig economy is estimated to be $204 billion, highlighting its significant economic influence.

Algorithmic Management refers to the use of algorithms and software to manage and automate various aspects of organizational operations, including work allocation, performance evaluation, and decision-making.

Contributions from external stakeholders are essential for a company's success. These contributions can include revenue from customer purchases, high-quality inputs from suppliers, collaboration from partners, compliant business practices from the government, fair labor practices from unions, social and economic contributions to communities, and customer loyalty and reputation from the general public.

Inducements are rewards or incentives offered to stakeholders in exchange for their contributions to an organization. These inducements can include financial rewards, non-financial benefits, recognition, and opportunities for growth and development.

Effective allocation of rewards is crucial for an organization's success. By providing appropriate inducements to various stakeholders, businesses can drive their motivation, enhance their contributions, and foster long-term relationships.

The pay ratio, which compares the CEO's compensation to the average employee's compensation, has become a focus of discussion in corporate governance. This ratio highlights the growing gap between executive pay and wages for typical employees.

A situation where individuals or groups have to choose between actions that could benefit some but harm others, often impacting their own interests.

A set of principles that guide individuals' or groups' behavior based on what's considered morally right or wrong.

A legal framework that defines what people and organizations can or cannot do. It's established by society and enforced by authorities.

The process of identifying, understanding, and managing the needs and expectations of various stakeholders, both internal and external, to achieve a common purpose.

The belief that companies should be accountable not only to shareholders (owners) for financial performance, but also to other stakeholders for their wider social and environmental impacts.

The concept that companies can be sustainable and successful in the long term by considering the needs and interests of all stakeholders, including customers, employees, suppliers, communities, and the environment.

The framework that explores the relationships between a company and its stakeholders, focusing on how these relationships can be managed ethically and effectively.

The authority to hold individuals accountable for their actions and to make decisions regarding the use of organizational resources.

A vertical structure within an organization where roles are organized based on their level of authority, from the top (CEO) to the bottom (entry-level employees).

A group of managers, including the CEO and COO, responsible for setting the overall direction, planning, and strategy of the entire organization.

Managers responsible for the direct production of goods and services. They are directly involved in the core operations of the company.

Managers who provide support and services to other departments or individuals within the organization, but are not directly involved in production.

The difference in compensation between a CEO and a typical employee. This often involves a significant disparity, where the CEO earns many times more than the average worker.

The ethical debate surrounding the justifiable pay difference between CEOs and regular employees. This difference often raises questions about fairness and the appropriate distribution of wealth within a company.

Equitable distribution of rewards, particularly in the case of salaries and bonuses. This concept suggests that everyone should be paid fairly based on their contributions and responsibilities.

A situation where individuals acting in their own self-interest deplete a shared resource, ultimately harming everyone.

The collapse of an eight-story building in Dhaka, Bangladesh, killing over 1,100 people, primarily garment workers.

A data analytics company that used Facebook data to create detailed profiles of users and influence their political beliefs.

The personal moral principles and standards that individuals use to guide their actions.

Moral rules and values that apply to a specific profession or industry.

Ethical standards and principles that are accepted and enforced within a larger society.

The act of gaining access to and using personal data without the individual's knowledge or consent.

The use of data analytics and targeted messaging to influence people's opinions and behaviors.

The idea that our understanding of what is right and wrong can shift depending on the specific situation we are in.

Factors that influence us to behave in an unethical manner, such as pressure from superiors or the fear of losing our job.

A set of guidelines and principles that define how a company should behave ethically, based on its values and beliefs.

Creating a culture within an organization where ethical behavior is not only encouraged but expected and valued by everyone.

The process of establishing structures and policies within an organization to promote ethical behavior.