Unit 1
Being ethical means...
following rules of conduct whether anyone else notices or not.
True/False:
An organization might have ethical policies on paper, but an unethical leader can undermine those policies
True
Outsourcing means
a business finds its raw materials from sources outside the United States
snitching
Informing on someone; providing information about illegal activity to the
police.
The element of trust is central to...
every profession.
partiality
When one person or group is favored over others
How do the US Federal Sentencing Guidelines make sure that companies have effective codes of
ethics in place?
They require companies to have compliance standards that they must share with their employees
through training programs and/or publications.
whistle-blower
Someone who tells a person in authority about unethical or illegal activity occurring in the workplace.
What is the ethical decision-making framework in order
1. Figure out what the problem really is.
2. Identify key facts and opinions.
3. Think about other possible options.
4. Test your decision.
5. Make your decision and evaluate the outcome
kickback
A bribe offered to an employee in exchange for access to specific
products, services, privileges, or influence.
Name two types of programs that businesses may have as part of their corporate social responsibility
efforts.
Answers will vary but should include two of the following: cash contributions, in-kind contributions,
corporate volunteer programs, corporate foundations, cause-related marketing.
corruption
The abuse of entrusted power for private gain
People outside the profession aren’t
qualified...
to regulate professions
Managers must be...
fair and consistent in the way they evaluate employees.
what term refers to the practice of disclosing information that benefits the organization while deliberately omitting detrimental information, often to mislead stakeholders?
Confidentiality
influence
An impact on the behavior, growth, or character of someone or something
Immanuel Kant gave us an ethical system in which there are...
absolute moral duties.
Digital refers to...
anything that involves a computer.
Poor working conditions are...
not ethical
virtue
In ancient Greece, a term for excellence.