Fundamentals for Success in Business - D072: Comprehensive Overview d d d d d d d d
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1. Ethics: A system of moral principles. d d d d d
The principles of right and wrong that guide an individual in making decisions
d d d d d d d d d d d d
2. Legal: Permitted by law. d d d
An act that is permissible or in conformity with the law of the land
d d d d d d d d d d d d d
3. Legal and Ethical (legal- d d d
ethical): When the law and personal or organization are in concordance with each
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other
4. Legal and Unethical (legal- d d d
unethical): Dilemma in which stablished laws are not in accordance or do not upho
d d d d d d d d d d d d d
ld the ethical choice
d d d
5. Illegal and Ethical (illegal- d d d
ethical): Dilemma in which ethical choice would be in violation of stablished laws
d d d d d d d d d d d d
6. Scenarios: Legal and Unethical (legal-unethical): I: As the outsourcing move-d d d d d d d d d
dment has grown, so have accompanying reports of sweatshop abuses and health an
d d d d d d d d d d d d
d safety issues. Ignoring dangerous work conditions is unethical in any sense, regard
d d d d d d d d d d d d
less of where the workers are located.
d d d d d d
II: A judge believes that the use of cannabis should never be allowed regardless of the
d d d d d d d d d d d d d d d
situation due to personal principles of what is right and wrong. A law was recently passe
d d d d d d d d d d d d d d d d
d, however, allowing individuals to use cannabis.
d d d d d d
7. Scenarios: Legal and Ethical (legal- d d d d
ethical): An organization plans to close its local factory and shift manufacturing opera
d d d d d d d d d d d d
tions overseas. This brings opposition from employees.
d d d d d d
8. Scenarios: Illegal and Ethical (illegal- d d d d
ethical): Pentagon papers case: U.S government officials leaked top secret papers to
d d d d d d d d d d d d
inform the public about government actions during the Vietnam War.
d d d d d d d d d
9. Personal Ethics: Codes, principals, and values that shape people's interactions
d d d d d d d d d d
with others d
10. Values: Stable life goals that people have that reflect what is most important to th
d d d d d d d d d d d d d d
em
11. Morals: are sets of rules that individuals develop based on cultural norms and b
d d d d d d d d d d d d d
eliefs
12. Scenarios: Values: A job candidate asks questions during an interview to de- d d d d d d d d d d d
dtermine whether their personal life goals align with those of the organization.
d d d d d d d d d d d
13. Organizational ethics: Rules, principals, and standards for deciding what is d d d d d d d d d d
morally right or wrong when doing business
d d d d d d
14. Scenarios: Organizational ethics: If an organization can create an ethically o d d d d d d d d d d
riented culture, it is more likely to hire people who behave the same.
d d d d d d d d d d d d
1
d/d41
, Fundamentals for Success in Business - D072: Comprehensive Overview d d d d d d d d
Studydonlinedatdhttps://quizlet.com/_9i9zgz
15. 4 main Ethical Issues: 1. Societal issues
d d d d d d
2. Stakeholder issues d
3. Internal policy issues d d
4. Personal Issues d
16. Ethical Issues: Societal issues: Concerns issues relating to the world as a w
d d d d d d d d d d d d
hole
Involvement happens because of the ethics the organization creates out of care and co
d d d d d d d d d d d d d
ncern for individuals. d d
17. Ethical Issues: Stakeholder issues: Concerns policies that affect its cus-
d d d d d d d d d
dtomers, employees, suppliers, and people within the community
d d d d d d d
18. Ethical Issues: Internal policy issues: Concerns internal relationships be-
d d d d d d d d
dtween a company and its employees
d d d d d
Examples include fairness in management, pay, and employee participation.
d d d d d d d d
19. Ethical Issues: Personal issues: Concerns how people treat others in their o
d d d d d d d d d d d
rganization
Examples include gossiping at work or taking credit for another's work.
d d d d d d d d d d
20. Stakeholder issues: A company insists on treating suppliers with respect and r d d d d d d d d d d d
efuses to push them to the lowest pricing possible. Which level of organizational ethi
d d d d d d d d d d d d d
cs is being used by this company
d d d d d d
21. Internal policy issues: A retail company frequently updates its principles, rules, a
d d d d d d d d d d d
nd guidelines to reflect input by employees.
d d d d d d
Which level of organizational ethics is being illustrated by this company?
d d d d d d d d d d
22. How Personal Ethics Affect Organizational Ethics: Ethics and integrity tend t
d d d d d d d d d d
o start (or fail) at the top and trickle down.
d d d d d d d d d
23. Who is responsible for setting the ethical tone of a corporation?: Managers
d d d d d d d d d d d
Integrity and ethics starts at the top with organizations' leadership and trickles down to
d d d d d d d d d d d d d d
everyone else. d
24. A company is working hard to establish objectives that promote ethics and s
d d d d d d d d d d d d
tandards.
What terms describe how these objectives are defined?: Specific and measur-
d d d d d d d d d d
dable
Specific outcomes define a desired outcome, and measurable outcomes define a
d d d d d d d d d d d
method for determining whether an objective has been met. Promoting ethics
d d d d d d d d d d
and standards requires specifically defining which ethics and standards have been e
d d d d d d d d d d d
stablished and should be measurable based on outcomes.
d d d d d d d
2
d/d41
, Fundamentals for Success in Business - D072: Comprehensive Overview d d d d d d d d
Studydonlinedatdhttps://quizlet.com/_9i9zgz
25. Corporate Social Responsibility (CSR): The notion in which a company volun-
d d d d d d d d d d
tarily engages in action that benefits society, be it economically, socially, politically, or
d d d d d d d d d d d d d
environmentally.
26. Corporate Social Responsibility (CSR) Main Idea: Their aim is to more direct-
d d d d d d d d d d d
dly benefit from corporate growth as well as surrounding entrepreneurial opportuni-
d d d d d d d d d d
dties.
27. A company has embraced the philosophy of CSR.
d d d d d d d d
Which practice reflects this commitment?
d d d d
A) Ensuring that local, state, and federal taxes are paid on time
d d d d d d d d d d
B) Abiding by state environmental laws d d d d
C) Holding a food drive to support local residents in need
d d d d d d d d d
D) Providing the workers with free coffee and tea during their shifts: Correct A
d d d d d d d d d d d d
nswer:
C- d
CSR refers to voluntary actions taken by a company that benefits the community at lar
d d d d d d d d d d d d d d d
ge. A food drive is both voluntary and works to benefit the local community.
d d d d d d d d d d d d d
28. Steakholders: Those who have a stake in the performance and output of an orga d d d d d d d d d d d d d
nization, such as employees, unions, investors, suppliers, consumers, local and nation
d d d d d d d d d d
al government, and communities.
d d d
29. World Trade Organization (WTO): a permanent global institution to promote i
d d d d d d d d d d
nternational trade and to settle international trade disputes
d d d d d d d
30. What is the strategic value of implementing CSR?
d d d d d d d
A) To maintain global operating guidelines such as those set by the WTO
d d d d d d d d d d d
B) To help recruit, train, and maintain groups of local employees
d d d d d d d d d
C) To generate a profit and meet the letter of the law in their business opera-
d d d d d d d d d d d d d d
tions
d
D) To increase profits and trust in the long-
d d d d d d d
term while promoting positive community relations: Correct Answer:
d d d d d d d
D - CSR is designed to increase long-
d d d d d d d
term profits and shareholder trust while promoting positive community relations an
d d d d d d d d d d
d maintaining high ethical standards.
d d d d
31. A company develops a program to help guide employees in decision-mak-
d d d d d d d d d d
ding and defines expectations for accepting gift from clients.
d d d d d d d d
A) Whistleblower and protection d d
3
d/d41
, Fundamentals for Success in Business - D072: Comprehensive Overview
d d d d d d d d
Studydonlinedatdhttps://quizlet.com/_9i9zgz
B) Social responsibility
d
4
d/d41
Studydonlinedatdhttps://quizlet.com/_9i9zgz
1. Ethics: A system of moral principles. d d d d d
The principles of right and wrong that guide an individual in making decisions
d d d d d d d d d d d d
2. Legal: Permitted by law. d d d
An act that is permissible or in conformity with the law of the land
d d d d d d d d d d d d d
3. Legal and Ethical (legal- d d d
ethical): When the law and personal or organization are in concordance with each
d d d d d d d d d d d d d
other
4. Legal and Unethical (legal- d d d
unethical): Dilemma in which stablished laws are not in accordance or do not upho
d d d d d d d d d d d d d
ld the ethical choice
d d d
5. Illegal and Ethical (illegal- d d d
ethical): Dilemma in which ethical choice would be in violation of stablished laws
d d d d d d d d d d d d
6. Scenarios: Legal and Unethical (legal-unethical): I: As the outsourcing move-d d d d d d d d d
dment has grown, so have accompanying reports of sweatshop abuses and health an
d d d d d d d d d d d d
d safety issues. Ignoring dangerous work conditions is unethical in any sense, regard
d d d d d d d d d d d d
less of where the workers are located.
d d d d d d
II: A judge believes that the use of cannabis should never be allowed regardless of the
d d d d d d d d d d d d d d d
situation due to personal principles of what is right and wrong. A law was recently passe
d d d d d d d d d d d d d d d d
d, however, allowing individuals to use cannabis.
d d d d d d
7. Scenarios: Legal and Ethical (legal- d d d d
ethical): An organization plans to close its local factory and shift manufacturing opera
d d d d d d d d d d d d
tions overseas. This brings opposition from employees.
d d d d d d
8. Scenarios: Illegal and Ethical (illegal- d d d d
ethical): Pentagon papers case: U.S government officials leaked top secret papers to
d d d d d d d d d d d d
inform the public about government actions during the Vietnam War.
d d d d d d d d d
9. Personal Ethics: Codes, principals, and values that shape people's interactions
d d d d d d d d d d
with others d
10. Values: Stable life goals that people have that reflect what is most important to th
d d d d d d d d d d d d d d
em
11. Morals: are sets of rules that individuals develop based on cultural norms and b
d d d d d d d d d d d d d
eliefs
12. Scenarios: Values: A job candidate asks questions during an interview to de- d d d d d d d d d d d
dtermine whether their personal life goals align with those of the organization.
d d d d d d d d d d d
13. Organizational ethics: Rules, principals, and standards for deciding what is d d d d d d d d d d
morally right or wrong when doing business
d d d d d d
14. Scenarios: Organizational ethics: If an organization can create an ethically o d d d d d d d d d d
riented culture, it is more likely to hire people who behave the same.
d d d d d d d d d d d d
1
d/d41
, Fundamentals for Success in Business - D072: Comprehensive Overview d d d d d d d d
Studydonlinedatdhttps://quizlet.com/_9i9zgz
15. 4 main Ethical Issues: 1. Societal issues
d d d d d d
2. Stakeholder issues d
3. Internal policy issues d d
4. Personal Issues d
16. Ethical Issues: Societal issues: Concerns issues relating to the world as a w
d d d d d d d d d d d d
hole
Involvement happens because of the ethics the organization creates out of care and co
d d d d d d d d d d d d d
ncern for individuals. d d
17. Ethical Issues: Stakeholder issues: Concerns policies that affect its cus-
d d d d d d d d d
dtomers, employees, suppliers, and people within the community
d d d d d d d
18. Ethical Issues: Internal policy issues: Concerns internal relationships be-
d d d d d d d d
dtween a company and its employees
d d d d d
Examples include fairness in management, pay, and employee participation.
d d d d d d d d
19. Ethical Issues: Personal issues: Concerns how people treat others in their o
d d d d d d d d d d d
rganization
Examples include gossiping at work or taking credit for another's work.
d d d d d d d d d d
20. Stakeholder issues: A company insists on treating suppliers with respect and r d d d d d d d d d d d
efuses to push them to the lowest pricing possible. Which level of organizational ethi
d d d d d d d d d d d d d
cs is being used by this company
d d d d d d
21. Internal policy issues: A retail company frequently updates its principles, rules, a
d d d d d d d d d d d
nd guidelines to reflect input by employees.
d d d d d d
Which level of organizational ethics is being illustrated by this company?
d d d d d d d d d d
22. How Personal Ethics Affect Organizational Ethics: Ethics and integrity tend t
d d d d d d d d d d
o start (or fail) at the top and trickle down.
d d d d d d d d d
23. Who is responsible for setting the ethical tone of a corporation?: Managers
d d d d d d d d d d d
Integrity and ethics starts at the top with organizations' leadership and trickles down to
d d d d d d d d d d d d d d
everyone else. d
24. A company is working hard to establish objectives that promote ethics and s
d d d d d d d d d d d d
tandards.
What terms describe how these objectives are defined?: Specific and measur-
d d d d d d d d d d
dable
Specific outcomes define a desired outcome, and measurable outcomes define a
d d d d d d d d d d d
method for determining whether an objective has been met. Promoting ethics
d d d d d d d d d d
and standards requires specifically defining which ethics and standards have been e
d d d d d d d d d d d
stablished and should be measurable based on outcomes.
d d d d d d d
2
d/d41
, Fundamentals for Success in Business - D072: Comprehensive Overview d d d d d d d d
Studydonlinedatdhttps://quizlet.com/_9i9zgz
25. Corporate Social Responsibility (CSR): The notion in which a company volun-
d d d d d d d d d d
tarily engages in action that benefits society, be it economically, socially, politically, or
d d d d d d d d d d d d d
environmentally.
26. Corporate Social Responsibility (CSR) Main Idea: Their aim is to more direct-
d d d d d d d d d d d
dly benefit from corporate growth as well as surrounding entrepreneurial opportuni-
d d d d d d d d d d
dties.
27. A company has embraced the philosophy of CSR.
d d d d d d d d
Which practice reflects this commitment?
d d d d
A) Ensuring that local, state, and federal taxes are paid on time
d d d d d d d d d d
B) Abiding by state environmental laws d d d d
C) Holding a food drive to support local residents in need
d d d d d d d d d
D) Providing the workers with free coffee and tea during their shifts: Correct A
d d d d d d d d d d d d
nswer:
C- d
CSR refers to voluntary actions taken by a company that benefits the community at lar
d d d d d d d d d d d d d d d
ge. A food drive is both voluntary and works to benefit the local community.
d d d d d d d d d d d d d
28. Steakholders: Those who have a stake in the performance and output of an orga d d d d d d d d d d d d d
nization, such as employees, unions, investors, suppliers, consumers, local and nation
d d d d d d d d d d
al government, and communities.
d d d
29. World Trade Organization (WTO): a permanent global institution to promote i
d d d d d d d d d d
nternational trade and to settle international trade disputes
d d d d d d d
30. What is the strategic value of implementing CSR?
d d d d d d d
A) To maintain global operating guidelines such as those set by the WTO
d d d d d d d d d d d
B) To help recruit, train, and maintain groups of local employees
d d d d d d d d d
C) To generate a profit and meet the letter of the law in their business opera-
d d d d d d d d d d d d d d
tions
d
D) To increase profits and trust in the long-
d d d d d d d
term while promoting positive community relations: Correct Answer:
d d d d d d d
D - CSR is designed to increase long-
d d d d d d d
term profits and shareholder trust while promoting positive community relations an
d d d d d d d d d d
d maintaining high ethical standards.
d d d d
31. A company develops a program to help guide employees in decision-mak-
d d d d d d d d d d
ding and defines expectations for accepting gift from clients.
d d d d d d d d
A) Whistleblower and protection d d
3
d/d41
, Fundamentals for Success in Business - D072: Comprehensive Overview
d d d d d d d d
Studydonlinedatdhttps://quizlet.com/_9i9zgz
B) Social responsibility
d
4
d/d41
