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GEB 1011 Exam 2 Questions with Correct Answers
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GEB 1011 Exam 2 Questions with Correct Answers
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GEB 1011 Exam 2 Questions with Correct AnswersEthics Correct Answer-the standards of moral behavior, behaviors that
are accepted by society as right various wrong
Facing Ethical Dilemmas Correct Answer-ask:
is it legal?
is it balanced?
Is it fair?
How will it make me feel about myself?
Ponzi Scheme Correct Answer-a fraud by paying returns to existing
investors from funds contributed by new investors
Organization ethics begin.. Correct Answer-at the top
managers instill corporate values in employees
Factors influencing managerial ethics.. Correct Answer-individual
organizational
environmental
Compliance-Based Ethics Code Correct Answer-emphasize preventing
unlawful behavior by increasing control and by penalizing wrongdoers
,Integrity-Based Ethics Code Correct Answer-Define the organization's
guiding values, create an environment that supports ethically sound
behavior and stress a shared accountability
How to improve America's business ethics? Correct Answer-top
management must adopt and unconditionally support an explicit
corporate code of conduct
employees must know that all employees are expected to act ethically
managers and others must be trained to consider the ethical implications
of all business decisions
ethics office must be set up so employees can communicate
anonymously
involve outsiders
ethics code must be enforced
Whistleblowers Correct Answer-insiders who report illegal or unethical
behavior
Corporate Social Responsibility (CSR) Correct Answer-the concern
businesses have for the welfare of society
Corporate Philanthropy Correct Answer-includes charitable donations
Corporate Social Initiatives Correct Answer-include enhanced forms of
corporate philanthropy
, Corporate Responsibility Correct Answer-included everything from
hiring minority workers to making safe products, minimizing pollution,
using energy wisely, and providing a safe work environment
Corporate Policy Correct Answer-the position a firm takes on social and
political issues
President Kennedy's Basic Rights of Consumers Correct Answer-the
right to safety
the right to be informed
the right to choose
the right to be heard
How do customer know? Correct Answer-social media
used to communicate CSR efforts
Insider Trading Correct Answer-insiders using private company
information to further their own fortunes or those of their family and
friends
Society and the environment Correct Answer-over 1/3 of working
American's receive their salaries from nonprofits
green movement emerged as concern about global warming increased
companies are trying to minimize their carbon footprint
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