Ethics A
What is a certified B Corporation?
Business that works to maintain a balance between purpose and profit.
Amoral behavior is?
Not caring about the moral consequences of your action.
What is a companies mission statement?
Define the core purpose of an organization why it exist.
What is a whistle blower?
Is an employee who reports misconduct, most often to an authority outside the firm.
How much plastic do we pollute the oceans with each year?
8 million tons...
What is a companies mission statement?
Defines the core purpose of the organization and why it exist.
Define or give me an example of nepotism?
Favoritism in hiring promotion etc
What is moral relativism?
A perspective that holds that there is no universal moral truth , instead there are only people's individual beliefs.
Why study ethics?
Many answers....
What CEO was fired by McDonalds for unethical behavior ( consensual relationship with employee)?
Steve Easterbrook
What is price fixing?
Group of companies get together to set a high price for an item.
What is the system of situational ethics?
People make decisions based on specific situations instead of universal laws.
What is Ethics?
The study of the general nature of morals and the specific moral principles that governs a persons behavior.
What is socially responsible investing?
Means that you are investing in companies that meet a certain standard of CSR.
Why has mining for Cobalt gotten some corporation into trouble.
Using children as miners.
What does CSR mean?
Corporate Social Responsibilty
What is the practice of corporate philanthropy?
Is when a company donates some of its profits or resources to charitable organizations.
Give an example of a company going green?
Using products in the company that are recyclable
Reducing carbon foot print..
Name two of the five pillars of CSR?
Human Rights, Sourcing, Marketing, Environmental, community
Name one of many benefits of CSR?
Positive reputation, Recruitment, Efficiency, Sales increase.
The study of Moral principles is ?
Ethics
What is a social audit?
Is a study of how well a company is meeting its social responsibilities.
Give an example of an accounting ethical dilemma?
Keeping to sets of books etc..
What is the top charity in the United States?
United Way
What act was created to verify companies financial statements and vouch for the accuracy?
Sarbanes-Oakley Act 2002