18 Questions
What did Mr. de la Cruz do to ensure fairness in hiring?
Advised his nephew to apply at his company and refrained from participating in the selection process.
In the context of the airline company, what did the president do to demonstrate accountability?
Negotiated huge loan contracts to sustain business operations and pledged to take responsibility for the outcomes.
What action did Winnie, Vice President of Chicago Zoo, take upon discovering the purchase of exotic animals?
Took swift action by reporting the purchase internally for investigation.
Why is it important for leaders to communicate effectively during challenging times?
To maintain transparency and provide guidance to employees and stakeholders.
Which of the following best reflects ethical decision-making in a business context?
Seeking advice from experienced professionals before making significant decisions.
How can businesses maintain impartiality in supplier relationships?
Ensuring fair evaluation criteria and avoiding conflicts of interest.
What is the main difference between confidentiality and transparency?
Confidentiality restricts sharing sensitive information without consent, while transparency encourages sharing relevant information openly.
Why is transparency considered vital in financial accounting?
To ensure all transactions are recorded and accounted for.
How does transparency impact loyalty from individuals?
By fostering commitment when nothing is withheld.
In ethical decision-making, what role does transparency play?
It allows for open dissemination of information for informed decision-making.
Why is it essential for organizations to establish credibility with clients and stakeholders?
To gain trust and make a lasting impact.
What impact does transparency have on decision-making processes?
Encourages sound and informed decisions by disseminating relevant information.
When leaders prioritize self-interest over the organization's growth, which principle is most likely to be compromised?
All of the above
Which strategy could help encourage colleagues to uphold fairness, transparency, and accountability?
Lead by example and openly discuss ethical dilemmas
In a business context, a conflict of interest may arise when:
All of the above
Which strategy can help mitigate conflicts of interest in supplier relationships?
All of the above
What is an effective way for leaders to communicate ethical expectations to their teams?
All of the above
In ethical decision-making, which approach is most likely to prioritize fairness and objectivity?
A combination of all these approaches, considering different ethical frameworks
Learn about the importance of transparency in organizations and how it impacts their reputation and credibility. Discover why honesty and openness are essential for building trust with investors and funders in a competitive world.
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