WGU D027 STUDY GUIDE QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS) |
NEW UPDATE 2026/27 | GRADED A+
Define ethics. - ANSWERS Principles that serve as a compass about how to
behave
Provide an example for each of the following:
legal-ethical
legal-unethical
illegal-ethical conflicts - ANSWERS legal-ethical: by law in most states it is
illegal to take part in recreational marijuana use; and a judge that is trying a case
about marijuana possession agrees with the law and does not think its okay to
consume marijuana for recreational use.
legal-unethical: cheating on your boyfriend/girlfriend is legal but most people find
it unethical.
illegal-ethical: speeding is illegal but in some cases of an emergency some people
might find it ethical.
Define legal. - ANSWERS An act that is allowed or is in conformity with the law
of the land
Define values. - ANSWERS Stable life goals that people have that reflect what
is most important to them
,Define morals. - ANSWERS Rules people develop as a result of cultural norms
and values and are, traditionally passed down through generations and
characterize a cultural group
Define organizational ethics. - ANSWERS Rules, principles, and standards for
deciding what is morally right or wrong when doing business
List the four main levels of ethical issues and provide an example of each. -
ANSWERS Societal Issues: an organization holds a fundraiser to help feed the
homeless.
Stakeholder Issues: A company insists on treating suppliers with respect and
refuses to push them to the lowest pricing possible.
Internal Policy Issues: Fairness in management, pay, and employee participation.
Personal Policy Issues: Gossiping at work or taking credit for another's work.
How does a company's ethical behavior impact organizational outcomes? -
ANSWERS Trustworthy companies are better at attracting and keeping
customers, keeping talented employees, and capitol.
How does a company's unethical behavior impact organizational outcomes? -
ANSWERS They suffer from dwindling customer bases, employee turnover,
and investor mistrust.
Define corporate social responsibility (CSR). - ANSWERS Philosophy in which a
company voluntarily engages in actions that benefit society, be it economically,
socially, politically, or environmentally
, How is a company's CSR approach shaped? - ANSWERS By seeing that their
community is lacking something that they can provide, earning more profit and
reputation
Who is considered a company stakeholder? - ANSWERS Unions
employees
consumer
investors
suppliers
local and national governments
communities.
What is the aim of CSR? - ANSWERS To increase profits and trust in the long-
term while promoting positive community relations
What is the purpose of the World Trade Organization (WTO)? - ANSWERS
improve the stability and predictability of global trade.
What is a code of ethics? - ANSWERS Guide that publicly sets out an
organization's key values and ethical obligations
What is included in a company's code of ethics? - ANSWERS details of how the
company plans to implement its values and vision, as well as guidance for the staff
on ethical standards and ways to achieve them. Having such a policy hopefully
leads to greater ethical awareness, consistency in application, and avoidance of
ethical disasters.
CORRECT ANSWERS (VERIFIED ANSWERS) |
NEW UPDATE 2026/27 | GRADED A+
Define ethics. - ANSWERS Principles that serve as a compass about how to
behave
Provide an example for each of the following:
legal-ethical
legal-unethical
illegal-ethical conflicts - ANSWERS legal-ethical: by law in most states it is
illegal to take part in recreational marijuana use; and a judge that is trying a case
about marijuana possession agrees with the law and does not think its okay to
consume marijuana for recreational use.
legal-unethical: cheating on your boyfriend/girlfriend is legal but most people find
it unethical.
illegal-ethical: speeding is illegal but in some cases of an emergency some people
might find it ethical.
Define legal. - ANSWERS An act that is allowed or is in conformity with the law
of the land
Define values. - ANSWERS Stable life goals that people have that reflect what
is most important to them
,Define morals. - ANSWERS Rules people develop as a result of cultural norms
and values and are, traditionally passed down through generations and
characterize a cultural group
Define organizational ethics. - ANSWERS Rules, principles, and standards for
deciding what is morally right or wrong when doing business
List the four main levels of ethical issues and provide an example of each. -
ANSWERS Societal Issues: an organization holds a fundraiser to help feed the
homeless.
Stakeholder Issues: A company insists on treating suppliers with respect and
refuses to push them to the lowest pricing possible.
Internal Policy Issues: Fairness in management, pay, and employee participation.
Personal Policy Issues: Gossiping at work or taking credit for another's work.
How does a company's ethical behavior impact organizational outcomes? -
ANSWERS Trustworthy companies are better at attracting and keeping
customers, keeping talented employees, and capitol.
How does a company's unethical behavior impact organizational outcomes? -
ANSWERS They suffer from dwindling customer bases, employee turnover,
and investor mistrust.
Define corporate social responsibility (CSR). - ANSWERS Philosophy in which a
company voluntarily engages in actions that benefit society, be it economically,
socially, politically, or environmentally
, How is a company's CSR approach shaped? - ANSWERS By seeing that their
community is lacking something that they can provide, earning more profit and
reputation
Who is considered a company stakeholder? - ANSWERS Unions
employees
consumer
investors
suppliers
local and national governments
communities.
What is the aim of CSR? - ANSWERS To increase profits and trust in the long-
term while promoting positive community relations
What is the purpose of the World Trade Organization (WTO)? - ANSWERS
improve the stability and predictability of global trade.
What is a code of ethics? - ANSWERS Guide that publicly sets out an
organization's key values and ethical obligations
What is included in a company's code of ethics? - ANSWERS details of how the
company plans to implement its values and vision, as well as guidance for the staff
on ethical standards and ways to achieve them. Having such a policy hopefully
leads to greater ethical awareness, consistency in application, and avoidance of
ethical disasters.
