Group 1 (Module I)
Organizations should recognize that they have legal and other obligations to_________________
all legitimate stakeholders
__________________ involves the explaining of company's policies & actions to those to whom it owes responsibilities.
Transparency
Individuals with access to non public information
Inside Trader
The three strategies of CSR are known as _______________, altruistic CSR and strategic CSR.
ethical
Moral obligation is not a part of Ethical issues in International Business Practices. (State True/ False)
False
Environmental Pollution in an ethical issue which rises when environmental regulations in host nations are far inferior to those in the home nation. (State True or False)
True
The Global trend in Corporate Governance doesn't include___________ (Chose the correct one)
1. Increase in Board's oversight role
2. Shareholders Theory
3. Succession planning
2. Shareholders Theory
Select the possible Future trends in CSR............................ (Chose the correct One)
1. Innovative inclination- to tackle social and environmental problems
2. Not to demonstrate full life cycle management of their products
3. long term profitable projects
1. Innovative inclination- to tackle social and environmental problems
In future, corporate transparency will take form of publicly available sets of mandatory disclosed social, environmental and governance data. (State True or False)
True
The German Model
Shareholders Interest
Disclosure of _______________________ concerning the organization should be timely and balanced to ensure that all investors have access to clear, factual information.
material matters
______________ signifies that management must have the freedom to drive the enterprise forward.
Empowerment
The ANGLO-US Model
Entrepreneurship and Private Property
The Japanese Model
Control Governance System
What is defined as the tendency ot give undue importance to material interests
Materialism
What is unethical marketing with examples?
Ethical marketing entails making honest claims and satisfying the needs of potential and existing customers. ... Unethical marketing, on the other hand, can send wrong signals about your products and services, destroy your brand's reputation, and possibly lead to legal problems.
1. Which term refers to the practice of selling products in other countries for a price below production costs
Dumping
The ethical treatment of employees, stock holders, owners and public by a company is called
Management Ethics
Every company whether private or pubic, whose net worth is Rs. 500 crore or has a turnover of Rs. 1,001 crore or net profit of Rs. 5 crore, needs to spend at least 2% of its average net profit for the immediately preceding three financial years on corporate social responsibility activities. (State True or False)
False
The document that consists of all the ethical standards that employer expects form employees is classified as-------
Ethics Code
The key roles of _________________ and _________________ should not be held by the same person.
Chairperson and CEO
A Short- Case Study- I
On the occasion of Employee Meet, the Alpha ltd. made an announcement to its workers and employees. According to it, the workers and employees who worked for less than 30 hours per week for the company would no longer be eligible for any of the medical benefits from company. The reason for much decision is the ever rising medical related costs which is contributing to rising cost of production and ultimately its effects on declining sales.
Q1. Does the company is morally responsible to pay any kind of medical benefits to its employees?
Yes, company is morally responsible to pay for medical benefits
The three basic principles of CRS are Sustainability, __________________, and ________________.
Accountability and Transparency
What are the ethical issues of marketing?
Ethical marketing decisions and efforts should meet and suit the needs of customers, suppliers, and business partners. Unethical behavior such as price wars, selective advertising, and deceptive marketing can negatively impact a company's relationships. Recent trends show that consumers prefer ethical companies.
A Short- Case Study- II
On the occasion of Employee Meet, the Beta ltd. made the same announcement to its workers and employees as it was announced in Alpha ltd. According to it, the workers and employees who worked for less than 30 hours per week for the company would no longer be eligible for any of the medical benefits from company. Directors & Mangers of Beta ltd. give the same reason, i.e, such decision is taken due the ever rising medical related costs which is contributing to rising cost of production and ultimately its effects on declining sales.Beta ltd. introduced one more condition for the employees during the meet. According to the new condition, employees who consume tobacco or drink alcohol at workplace will be fined by the company.
Q1. Is it ethical to fine the employees on the basis of tobacco and alcohol consumption?
Yes, company should fine the employees