Comprehensive Resource To Help You Ace 2026-
2027 Includes Frequently Tested Questions With
ELABORATED 100% Correct COMPLETE SOLUTIONS
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1. Laws
- ANSWER a system of rules that tell us what we can and cannot do. Laws are
enforced by institutions, such as police, courts, etc
2. What questions should you ask then deciding if something is legal?
- ANSWER Does it break any laws?
Which ones? Bribery, defamation, hacking, intellectual property theft etc
3. What question should you ask then deciding if something is ethical?
- ANSWER Would you be ok with behavior from an employee/co-worker?
4. What is the Golden Rule?
- ANSWER Do unto either as you would have done unto yourself
5. CSR
- ANSWER Corporate Social Responsibility
,6. Corporate Social Responsibility
- ANSWER Org should take responsibility for the impact its actions have on all
stakeholders, including shareholders, employees, customers, community,
environment. etc
7. SCS
- ANSWER Supply Chain Sustainability
8. Supply Chain Sustainability
- ANSWER A component of CSR that focuses on the ability of a supply chain
needs of the present without compromising needs in the future
9. What is the 1st reason to practice CSR?
- ANSWER Gaining the goodwill of the community
10. What is the 2nd reason to practice CSR?
- ANSWER Creating an org that operates consistently
11. What is the 3rd reason to practice CSR?
- ANSWER Fostering good business practices
12. What is the 4th reason to practice CSR?
- ANSWER Protecting the org & its employees from legal action
,13. What is the 5th reason to practice CSR?
- ANSWER Avoiding unfavorable publicity
14. Benefits of a well implemented ethics program and ethical culture? - ANSWER
Reduced pressure for misconduct, decrease in observed misconduct
- Reduced relation for reporting, increased reporting of misconduct
15. Corporate ethics officer
- ANSWER provides an org with a vision and leadership in the area of business
conduct
16. What are the three responsibilites of a corporate ethics officer?
- ANSWER Compliance, creating and maintaining an ethics culture, key contact
person on ethical issues
17. A code of ethics are often _____ statements
- ANSWER formal
18. Code of Ethics
- ANSWER a statement that highlights an organization's key ethical issues and
identifies value and principles that go into decision making
19. What do social audits require?
- ANSWER employees take ethics training
, 20. What are the 5 steps to ethical decision making?
- ANSWER develop a problem statement, identify alternatives, choose the best
alternative based on laws etc, implement decision, evaluate results
21. What is a problem statement(1st step)?
- ANSWER a clear concise description of that issues needs to be addressed.
Verify facts, don't assume
22. Identify Alternatives (2nd step)
- ANSWER Ideal to enlist help of others & treat every idea in a positive light
23. Choose Alternative (3rd step)
- ANSWER Group must pick option based on effectiveness, extent of risk
associated with alternative, cost, time to implement: laws
24. Implement the decision (4th step)
- ANSWER During this step a transition plan must be defined to explain to
people how they will move from old to new in a effective way
25. Evaluate the Results (5th step)
- ANSWER Monitoring the results for desired effect, impact on the
organization the various stakeholders