21 Questions
What is the minimum requirement for practicing good business ethics?
Competing fairly and honestly
What does insider trading involve?
Using unpublicized information for stock market benefit
What is a key factor influencing ethical behavior according to the text?
Cultural differences
What is the definition of whistle-blowing?
An external disclosure of information by a company insider that exposes illegal or unethical behavior by others within the organization
What is the main difference between philanthropy and strategic CSR?
Philanthropy involves donations to charitable institutions, while strategic CSR aligns social contributions with a company's overall business strategy
What is the primary aim of sustainable development?
Operating business in a manner that meets present needs without compromising future generations' ability to meet their own needs
What does consumerism primarily advocate for?
Pressuring businesses to consider consumer needs and interests
What is affirmative action also known as?
"Positive Discrimination"
What does Cap and Trade environmental policy entail?
Giving companies some freedom in addressing the environmental impact of specified pollutants by either reducing emissions to meet a designated cap or buying allowances to offset excess emissions
What does Corporate Social Responsibility (CSR) primarily emphasize?
The notion that business has obligations to society beyond the pursuit of profits (and compliance with the law)
What does an ethical dilemma refer to?
A situation in which more than one side of an issue can be supported with valid arguments, or when all solutions are unpleasant
What is the purpose of a Code of Ethics in an organization?
To provide guidance on ethical behavior and decision-making within the organization
What does practicing good business ethics involve, at a minimum?
Competing fairly and honestly, communicating truthfully, being transparent, not causing harm to stakeholders
What is insider trading considered as?
Unethical behavior involving the use of unpublicized information for personal gain in the stock market
What is the primary focus when considering factors influencing ethical behavior?
Cultural differences and globalization
What is the primary purpose of a Code of Ethics in an organization?
To define the values and principles guiding the organization's decisions
What does whistle-blowing involve?
Disclosure of information by a company insider that exposes illegal or unethical behavior within the organization
What is an ethical dilemma?
A situation in which more than one side of an issue can be supported with valid arguments, or when all solutions are unpleasant
What does strategic CSR primarily involve?
Social contributions directly aligned with a company's overall business strategy
What does Cap and Trade environmental policy entail?
Giving companies some freedom in addressing the environmental impact of specified pollutants by reducing emissions to meet a designated cap or buying allowances to offset excess emissions
What is the primary aim of sustainable development?
Operating business in a manner that meets present needs without compromising the ability of future generations to meet their own needs
Test your knowledge of ethical behavior and principles governing moral conduct in society. Learn about the importance of competing fairly, communicating truthfully, being transparent, and avoiding harm to stakeholders.
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