Study Exam for WGU-072 Fundamentals for
Success in Business Final test
Ethics
Principles that serve as a guide about how to act, i.e. right vs wrong, just vs unjust
Legal
An act that is allowed or is in conformity with the law of the land
Legal- ethical
When the law and personal and organizational ethics are in accordance with each other
Legal- Unethical
Dilemma in which established laws are not in accordance or do not uphold the ethical choice
Illegal- Ethical
Dilemma in which the ethical choice would be in violation of established laws
Pentagon Papers
Illegal-Ethical conflict in which U.S. government officials leaked top secret papers to inform the public
about government actions during the Vietnam War
Personal Ethics
codes, principles, and values that shape our interactions with others
Values
stable life goals that people have, reflecting what is most important to them
Morals
Rules people develop as a results of cultural norms and values, and are traditionally passed down
through generations and characterize a cultural group
Organizational Ethics
Rules, principles, and standards for deciding what is morally right or wrong when doing business
WGU Code of Student Conduct
The organizational code of ethics that governs responsible and respectful behavior at WGU
Stakeholder
Anyone affected by a company's actions
Societal Issues
Issues relating to the world as a whole
, Internal Policy Issues
Concern for internal relationships between a company and its employees
Organizational Culture
The shared values, beliefs, and norms of an organizations that affect the strategies and operating
procedures of the business
International Business Culture
Variations in attitudes, values, goals, and practices shared by individuals, organizations, or societies
based on geography
Culture
The sum of attitudes, values, goals, and practices shared shared by individuals in a group,
organization, or society
Corporate Social Responsibility (CSR)
Philosophy in which a company voluntarily engages in actions that benefit society, be it economically,
socially, politically, or environmentally
Stakeholders
Those who have a stake in the performance and output of an organization, such as employees,
unions, investors, suppliers, consumers, local and national governments, and communities
World Trade Organization (WTO)
International organization tasked with promoting global trade, enforcing common trade regulations,
and helping promote ethical behavior among members
Code of Ethics
Guide that publicly sets out an organization's key values and ethical obligations
Greenwashing
when organizations carry about CSR missions in an inauthentic way, using them to increase publicity
rather than to spur real change
Internal Transparency
Degree to which an organization operates with openness, communication, and accountability
Sarbanes- Oxley Act (SOX)
Law aimed at improving corporate transparency bu requiring clear reporting practices
Whistleblowers
Those who tell the public or the authorities about alleged misconduct occurring in a government
department, private company, or organization
Marketing
Success in Business Final test
Ethics
Principles that serve as a guide about how to act, i.e. right vs wrong, just vs unjust
Legal
An act that is allowed or is in conformity with the law of the land
Legal- ethical
When the law and personal and organizational ethics are in accordance with each other
Legal- Unethical
Dilemma in which established laws are not in accordance or do not uphold the ethical choice
Illegal- Ethical
Dilemma in which the ethical choice would be in violation of established laws
Pentagon Papers
Illegal-Ethical conflict in which U.S. government officials leaked top secret papers to inform the public
about government actions during the Vietnam War
Personal Ethics
codes, principles, and values that shape our interactions with others
Values
stable life goals that people have, reflecting what is most important to them
Morals
Rules people develop as a results of cultural norms and values, and are traditionally passed down
through generations and characterize a cultural group
Organizational Ethics
Rules, principles, and standards for deciding what is morally right or wrong when doing business
WGU Code of Student Conduct
The organizational code of ethics that governs responsible and respectful behavior at WGU
Stakeholder
Anyone affected by a company's actions
Societal Issues
Issues relating to the world as a whole
, Internal Policy Issues
Concern for internal relationships between a company and its employees
Organizational Culture
The shared values, beliefs, and norms of an organizations that affect the strategies and operating
procedures of the business
International Business Culture
Variations in attitudes, values, goals, and practices shared by individuals, organizations, or societies
based on geography
Culture
The sum of attitudes, values, goals, and practices shared shared by individuals in a group,
organization, or society
Corporate Social Responsibility (CSR)
Philosophy in which a company voluntarily engages in actions that benefit society, be it economically,
socially, politically, or environmentally
Stakeholders
Those who have a stake in the performance and output of an organization, such as employees,
unions, investors, suppliers, consumers, local and national governments, and communities
World Trade Organization (WTO)
International organization tasked with promoting global trade, enforcing common trade regulations,
and helping promote ethical behavior among members
Code of Ethics
Guide that publicly sets out an organization's key values and ethical obligations
Greenwashing
when organizations carry about CSR missions in an inauthentic way, using them to increase publicity
rather than to spur real change
Internal Transparency
Degree to which an organization operates with openness, communication, and accountability
Sarbanes- Oxley Act (SOX)
Law aimed at improving corporate transparency bu requiring clear reporting practices
Whistleblowers
Those who tell the public or the authorities about alleged misconduct occurring in a government
department, private company, or organization
Marketing
