Exam (elaborations)
MGT 111 Exam 2 Questions And Answers Latest Update
- Course
- MGT 111
- Institution
- University Of Illinois - Chicago
MGT 111 Exam 2 Questions And Answers Latest Update
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Solution 2024/2025Pepper
MGT 111 Exam 2 Questions And Answers
Latest Update
Ethics ANS✔✔ Standards of moral behavior; that is, behavior accepted by
society as right versus wrong.
Compliance-based ethics code ANS✔✔ Emphasize preventing unlawful
behavior by increasing control and by penalizing wrongdoers.
Integrity-based ethics code ANS✔✔ Define the organization's guiding values,
create an environment that supports ethically sound behavior, and stress a
shared accountability among employees.
Whistleblowers ANS✔✔ Insiders who report illegal or unethical behavior.
Corporate social responsibility (CSR) ANS✔✔ Businesses' concern for the
welfare of society.
- customers: Kennedy's basic rights of consumers
- investors: NO insider trading
- employees: respect
Corporate philanthropy ANS✔✔ Includes charitable donations.
Corporate social initiatives ANS✔✔ Include enhanced forms of corporate
philanthropy directly related to the company's competencies.
, Solution 2024/2025
Pepper
Corporate responsibility ANS✔✔ Includes everything from hiring minority
workers to making safe products.
Corporate policy ANS✔✔ The position a firm takes on social and political
issues.
President Kennedy's basic rights of consumers ANS✔✔ 1. Right to safety
2. Right to be informed
3. Right to choose
4. Right to be heard
Insider trading ANS✔✔ An unethical activity in which insiders use private
company information to further their own fortunes or those of their family
and friends
carbon footprint ANS✔✔ the amount of carbon released during an item's
production, distribution, consumption, and disposal.
social audit ANS✔✔ A systematic evaluation of an organization's progress
toward implementing socially responsible and responsive programs.
5 watchdogs ANS✔✔ 1. Socially conscious investors
2. Socially conscious research organizations
3. Environmentalists
4. Union officials
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