Ethics In The Workplace
What are the individual beliefs about what is right and wrong or good and bad referred to as?
Ethics
True or False: A business's social responsibility to investors includes following proper accounting procedures.
True
What is the strongest stance toward social responsibility a company can take?
Proactive
When businesses work to honor warranties, charge fair prices and stand behind the quality of their products, what stakeholder group are they supporting?
Customer
Behaviors that guide management's work towards their employees
Managerial Ethics
Which of the following should be the first step in assessing ethical behavior in a certain situation?
Collect the Facts
The term for an employee who discovers an illegal or unethical activity and tries to put an end to it by speaking up
Whistle Blower
What stance do firms who do as little as possible to solve social or environmental problems take? They will do anything to cover up wrong doing
Obstructionist
Who is on the $20 bill?
Andrew Jackson
Which ethical norm considers whether a particular act optimizes the benefits to those who are affected by it?
Utility
Which ethical norm ensures an action is consistent with what's fair?
Justice
Which element of the stakeholder model considers the need to treat workers fairly and make them a part of the team?
Employees
What is the chemical formula for table salt?
NaCl
What is the result of two or more firms collaborating on a wrongful act, such as price fixing?
Price Collusion
What government agency has the responsibility to handle investor-related issues?
SEC
Netball, water polo, and Olympic rugby are all played with how many players per team?
7
This occurs when someone uses confidential information to gain from the purchase or sale of stocks?
Insider Trading
An organization does just the legal requirement and does not invest its time or money on anything beyond that. What responsibility stance is this?
Defensive
These are created to collect money and distribute it to companies since companies aren't allowed to make direct donations.
PACS
Political Action Committees
What government agency has the responsibility to oversee consumer-related concerns?
FTC
How do top managers BEST demonstrate a commitment to ethical business practices?
Adopting a written code
OR
Instituting Ethical Programs
What is the capital of Maine?
Augusta
Government influence business through the establishment of laws and rules is known as...?
Direct Regulation
In what way can a business or industry represent themselves before political bodies in order to influence the government?
Lobbying
Who is credited with inventing the telephone?
Alexander Graham Bell