Understanding Ethical Behavior
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Understanding Ethical Behavior

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Questions and Answers

What is the minimum requirement for practicing good business ethics?

  • Competing fairly and honestly (correct)
  • Exploiting information for personal gain
  • Engaging in aggressive marketing tactics
  • Maximizing profits at any cost
  • What does insider trading involve?

  • Conducting transparent business transactions
  • Following legal compliance in stock trading
  • Using unpublicized information for stock market benefit (correct)
  • Competing fairly and honestly in the stock market
  • What is a key factor influencing ethical behavior according to the text?

  • Lack of knowledge about ethical issues
  • Cultural differences (correct)
  • Passive approach to ethical considerations
  • Maximizing personal gain
  • What is the definition of whistle-blowing?

    <p>An external disclosure of information by a company insider that exposes illegal or unethical behavior by others within the organization</p> Signup and view all the answers

    What is the main difference between philanthropy and strategic CSR?

    <p>Philanthropy involves donations to charitable institutions, while strategic CSR aligns social contributions with a company's overall business strategy</p> Signup and view all the answers

    What is the primary aim of sustainable development?

    <p>Operating business in a manner that meets present needs without compromising future generations' ability to meet their own needs</p> Signup and view all the answers

    What does consumerism primarily advocate for?

    <p>Pressuring businesses to consider consumer needs and interests</p> Signup and view all the answers

    What is affirmative action also known as?

    <p>&quot;Positive Discrimination&quot;</p> Signup and view all the answers

    What does Cap and Trade environmental policy entail?

    <p>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</p> Signup and view all the answers

    What does Corporate Social Responsibility (CSR) primarily emphasize?

    <p>The notion that business has obligations to society beyond the pursuit of profits (and compliance with the law)</p> Signup and view all the answers

    What does an ethical dilemma refer to?

    <p>A situation in which more than one side of an issue can be supported with valid arguments, or when all solutions are unpleasant</p> Signup and view all the answers

    What is the purpose of a Code of Ethics in an organization?

    <p>To provide guidance on ethical behavior and decision-making within the organization</p> Signup and view all the answers

    What does practicing good business ethics involve, at a minimum?

    <p>Competing fairly and honestly, communicating truthfully, being transparent, not causing harm to stakeholders</p> Signup and view all the answers

    What is insider trading considered as?

    <p>Unethical behavior involving the use of unpublicized information for personal gain in the stock market</p> Signup and view all the answers

    What is the primary focus when considering factors influencing ethical behavior?

    <p>Cultural differences and globalization</p> Signup and view all the answers

    What is the primary purpose of a Code of Ethics in an organization?

    <p>To define the values and principles guiding the organization's decisions</p> Signup and view all the answers

    What does whistle-blowing involve?

    <p>Disclosure of information by a company insider that exposes illegal or unethical behavior within the organization</p> Signup and view all the answers

    What is an ethical dilemma?

    <p>A situation in which more than one side of an issue can be supported with valid arguments, or when all solutions are unpleasant</p> Signup and view all the answers

    What does strategic CSR primarily involve?

    <p>Social contributions directly aligned with a company's overall business strategy</p> Signup and view all the answers

    What does Cap and Trade environmental policy entail?

    <p>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</p> Signup and view all the answers

    What is the primary aim of sustainable development?

    <p>Operating business in a manner that meets present needs without compromising the ability of future generations to meet their own needs</p> Signup and view all the answers

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