WGU - FUNDAMENTALS FOR SUCCESS IN BUSINESS - D072 QUESTIONS
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A +
Personal Ethics - ANSWER-refers to the ethics a person identifies with, which guides how they
interact with others daily.
Organizational ethics - ANSWER-focuses on rules, principles and standards in respect to the
business' activities
Identify how ethics impact outcomes in organizations - ANSWER-· Organizations tainted by
questionable ethics suffer by a decline in their consumer base, increase employee turnover, and
mistrust from their investor's.
· Setting an unrealistic goal can lead to the compromise of ethics and standards.
Example of personal ethics - ANSWER-Speaking the truth, respecting elders, and never
purposely hurt others.
Example of professional ethics. - ANSWER-Being punctual, refraining from gossip, and having
good time management
Provide an example of when personal and professional ethics may conflict - ANSWER-Under the
'Code of Conduct,' police officers are obligated to enforce and uphold the law even if they don't
agree with it.
What are the 4 main ethical issues and their roles within organizations - ANSWER-Societal,
Stakeholder Issues, Internal Issues, Personal Issues
Societal Issues - ANSWER-Relates to society and getting involve in societal issues out of care
and concern.
, Stakeholder Issues - ANSWER-Anyone affected by the company's actions (consumers,
employees, suppliers, and people within the community).
Internal issues - ANSWER-Relates to relationship between organization and its employees
(fairness in management, pay, and employee participation).
Personal Issues - ANSWER-Deals with how employees treat each other (gossiping, taking credit
for someone else's work).
What are some benefits to an organization that practices high ethics? - ANSWER-benefit from
the trust of their stakeholders and has a competitive advantage in the marketplace.
Define Corporate Social Responsibility (CSR). - ANSWER-when an organization voluntarily
engages in issues that are affecting the environment, community or society at large.
.
Greenwashing - ANSWER-Company's actions goes against their ethical commitments.
Internal transparency - ANSWER-the ability of everyone in an organization to exist within a
system of openness, communication, and accountability
Whistleblowing - ANSWER-when someone tells the public or authorities of alleged misconduct in
government department, private company or organization
Sarbanes-Oxley Act (SOX - ANSWER-aims at improving transparency in organizations by
requiring clear reporting practices.
WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS)
/ALREADY GRADED A +
Personal Ethics - ANSWER-refers to the ethics a person identifies with, which guides how they
interact with others daily.
Organizational ethics - ANSWER-focuses on rules, principles and standards in respect to the
business' activities
Identify how ethics impact outcomes in organizations - ANSWER-· Organizations tainted by
questionable ethics suffer by a decline in their consumer base, increase employee turnover, and
mistrust from their investor's.
· Setting an unrealistic goal can lead to the compromise of ethics and standards.
Example of personal ethics - ANSWER-Speaking the truth, respecting elders, and never
purposely hurt others.
Example of professional ethics. - ANSWER-Being punctual, refraining from gossip, and having
good time management
Provide an example of when personal and professional ethics may conflict - ANSWER-Under the
'Code of Conduct,' police officers are obligated to enforce and uphold the law even if they don't
agree with it.
What are the 4 main ethical issues and their roles within organizations - ANSWER-Societal,
Stakeholder Issues, Internal Issues, Personal Issues
Societal Issues - ANSWER-Relates to society and getting involve in societal issues out of care
and concern.
, Stakeholder Issues - ANSWER-Anyone affected by the company's actions (consumers,
employees, suppliers, and people within the community).
Internal issues - ANSWER-Relates to relationship between organization and its employees
(fairness in management, pay, and employee participation).
Personal Issues - ANSWER-Deals with how employees treat each other (gossiping, taking credit
for someone else's work).
What are some benefits to an organization that practices high ethics? - ANSWER-benefit from
the trust of their stakeholders and has a competitive advantage in the marketplace.
Define Corporate Social Responsibility (CSR). - ANSWER-when an organization voluntarily
engages in issues that are affecting the environment, community or society at large.
.
Greenwashing - ANSWER-Company's actions goes against their ethical commitments.
Internal transparency - ANSWER-the ability of everyone in an organization to exist within a
system of openness, communication, and accountability
Whistleblowing - ANSWER-when someone tells the public or authorities of alleged misconduct in
government department, private company or organization
Sarbanes-Oxley Act (SOX - ANSWER-aims at improving transparency in organizations by
requiring clear reporting practices.
