Fundamentals for Success in Business - WGU Questions and Answers 2022
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WGU
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WGU
Ethics: - ANSWER The principles that guide a person's behavior.
Legal: - ANSWER An act that is allowed or is in conformity with the law of the land. This means that an act that is defined as illegal is in defiance of the stated or established laws of a defined jurisdiction.
Legal Ethical: - A...
fundamentals for success in business wgu questions and answers 2022
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Fundamentals for Success in Business -
WGU
Ethics: - ANSWER The principles that guide a person's behavior.
Legal: - ANSWER An act that is allowed or is in conformity with the law of the land. This
means that an act that is defined as illegal is in defiance of the stated or established
laws of a defined jurisdiction.
Legal Ethical: - ANSWER When the law and personal or organizational ethics are in
accordance with each other.
Legal-Unethical: - ANSWER Dilemma in which established laws are not in accordance
or do not uphold the ethical choice.
Illegal-Ethical: - ANSWER Dilemma in which the ethical choice would be in violation of
established laws.
Personal Ethics: - ANSWER Codes, principles, and values that shape our interactions
with others.
Values: - ANSWER The stable goals that one has or life. Thing that are most important
to the individual. Influenced by early life experiences.
Morals: - ANSWER Sets of rules that individuals develop based on cultural norms and
beliefs. Passed down through generations and characterize a cultural group.
Organizational Ethics: - ANSWER A brand of applied ethics that focuses on rule,
principles, and standards in the context of business activities.
Explicit Values: - ANSWER A well crafted mission statement that clearly states the
principles that can be widely shared. Leaders can refer to it to guide the creation of any
new strategy or initiative and note its connection to the company's principles when
addressing employees, thus reinforcing the broader ethical system.
Thought During Judgment: - ANSWER In several experiments, people are more likely to
tell the truth when an honor code came at the beginning of a form.
Incentives: - ANSWER incentive programs must provide a variety of rewards to be
effective. Companies that use pro social incentives are likely to produce happier, more
satisfied, and more loyal employees.
Cultural Norms: - ANSWER How peers actually behave, they tend to exert the most
social influence. So if they are lying, cheating, or stealing, the employees will most likely
do the same.
, Fundamentals for Success in Business -
WGU
Organizational Culture: - ANSWER The shared values, beliefs, and norms of an
organization that affect the strategies and operating procedures of the business.
CSR - ANSWER = Corporate Social Responsibility: Where a company voluntarily
engages in actions that benefit society at large
Stakeholders: - ANSWER Include the company's employees, unions, investors,
suppliers, consumers, local and national governments and communities that me be
affected by corporate activities such as construction, manufacturing, and pollution.
Code of Ethics: - ANSWER A guide that publicly sets out an organization's key values
and ethical obligations.
Green washing: - ANSWER When organizations carry about CSR missions in an
inauthentic way, using them to increase publicity rather than the spur real change.
Internal Transparency: - ANSWER Degree to which an organization operates with
openness, communication, and accountability.
Whistleblowers: - ANSWER Those who tell the public or the authorities about alleged
misconduct occurring in a government department, private company, or organization.
Business Process Management (BPM): - ANSWER The management initiative to
design work processes so that they align with the organization's strategic goals.
Relationship Management: - ANSWER Involves strategies that govern how an
organization maintains relationships with an audience.
Individual Contributor: - ANSWER Someone who uses their personal skills to contribute
to a team.
Manager: - ANSWER someone responsible for a group of people, a department, or
specific tasks within a company. The role of a manager is to focus on helping his or her
employees improve and achieve results.
Top Management: - ANSWER President, CEO, Executive Vice Presidents
Middle Management: - ANSWER Plant managers, division manager, department
managers.
Interpersonal Role: - ANSWER Focusing on building relationships and communication
internally.Must be able to provide constructive feedback to their employees.
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