BUSN101 Chapter 4 Final Prep – Flashcards
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Many Americans define ethical behavior according to the situation in which they find themselves. This suggests that there may be situations where it might be OK to cheat, steal, or lie.
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The majority of CEOs blame unethical employee conduct on a failure of leadership to establish ethical standards.
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A firm's carbon footprint is the amount of carbon it releases in its effort to do business.
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A characteristic of an effective ethics offer would be someone who has a capacity to serve as a counselor and an investigator.
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Purposefully understating your firm's income to avoid paying higher taxes is an example of illegal behavior.
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Ethical dilemmas in business often force us to choose between equally unsatisfactory alternatives.
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Corporate values are learned by observing the actions of others in the organization.
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Compliance based ethics codes typically rely on laws and regulations outside the firm for guidance.
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A payoff for socially conscious behavior is new and loyal customers.
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Labor standards are an unresolved ethical issue that surrounds global trade.
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Companies are using social media to communicate their corporate social responsibility actions to their customers.
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The Foreign Corrupt Practices Act deals with bribery to obtain business.
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After developing a code of ethics, it should be communicated to everyone with whom the business has dealings.
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To improve America's business ethics, company leaders should adopt and support a corporate code of ethics.
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Compliance-based ethics codes confirm to laws and regulations.
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An important source of public scrutiny is watchdogs. These are socially conscious groups that make it their mission to measure the social responsibility levels of businesses, and provide customers with their opinions about the level of corporate responsibility of various companies.
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A business should be managed ethically because it's the right thing to do.
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Establishing a formal code of ethics is growing in popularity.
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When Bagel Works employs in-store recycling, composting, and uses nontoxic cleaners, they are participating in corporate responsibility.
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Some critics of corporate social responsibility view spending money on CSR as stealing from investors.
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Although college graduates would prefer to work for socially responsible companies, they are not in agreement with what it means to be socially responsible.
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WHen a firm undertakes corporate social initiatives, it is making donations that are directly related to a firm's corporate competency.
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A compliance-based ethics code emphasizes the prevention of unlawful behavior by increasing control and penalizing wrongdoers.
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Relationships between businesses and among nations should be based on fairness, honesty, openness, and moral integrity.
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International issues of social responsibility and ethical behavior are difficult and not as clear-cut as US firms would like them to be.
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Ethical behavior covers a wider range of conduct than legal behavior.
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Business is under pressure from society to be more socially responsible. However, even the strongest advocates for corporate responsibility can't seem to agree on what social responsibility involves.
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We describe charitable donations by corporations to nonprofit organizations as corporate philanthropy.
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Ethical behavior at work is learned by observing the actions of others.
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This statement describes ethical behavior in the US: we can find common moral values that many Americans uphold, including respect for human life, self-control, honesty, integrity, and courage.
